Savings Account Rates, Fees & Charges

Online Savings Account

Interest Rate
Account Balance Interest Rate
On every dollar in your account 7.50 % p.a.

Fees & Charges


Your Online Savings Account is currently bank fee free

InterestME Savings Account

Interest Rate
Account Balance Interest Rate
$0 - $3000 (Tier 1) 0.25 % p.a.
Over $3000 (Tier 2) 7.00 % p.a. for amounts in excess of $3000

Fees & Charges

General Fees and Charges
Description Amount
EFTPOS First 15 EFTPOS transactions per month - free.
Each EFTPOS over the monthly free limit - $1.00
ATM usage
(withdrawals/balance enquires)
$1.00
Bank@Post
(deposit/withdrawals/enquires)
$1.00
Internet and phone banking
(enquires/all transactions)
Free
Account keeping fees Free
Overdrawn account fee $15.00
Duplicate or interim statement $5.00 per page
Copies of vouchers $5.00 per voucher
or $60.00 per hour whichever is lesser.
Traces $15.00
Direct Entry
Description Amount
Direct debit request Free
Dishonour (inward) Free
Dishonour (outward) $25.00
Cheques
Description Amount
Per cheque issued $1.00
Dishonour (inward) Free
Dishonour (outward) $25.00
Stop payments Free
Bank cheque purchase $6.00
Bank cheque repurchase $6.00
Replace bank cheque $25.00

Term Deposits

Interest Rates

For deposits between  > $5000 and $249,999 $250,000 and $499,999
3 months 7.50 % p.a. 7.55 % p.a.
6 months 8.05 % p.a. 8.05 % p.a.
9 months 7.60 % p.a. 7.65 % p.a.
12 months 7.60 % p.a. 7.65 % p.a.
24 months 7.60 % p.a. 7.65 % p.a.
Early Withdrawal Percentage Rate ^ 2.00 % p.a. 2.00 % p.a.

For deposit amounts of $500,000 or more, please call us on 13 15 63

Fees & Charges

Your Term Deposit is currently bank fee free

^This will apply when you withdraw your Term Deposit Prior to maturity. We will reduce the fixed rate by the early withdrawal percentage rate, up to the amount of accrued interest. NB You cannot make a partial withdrawal.

Interest rates for Term Deposits are current as at 08-Sep-2008 for complete applications received by Members Equity Bank today. Interest rates are subject to change.

Interest rates are current as at 08-Sep-2008 and are subject to change. Fees and charges may apply. This is general information only and you should consider if these products are appropriate for you.