You can earn a low base rate, but can also claim bonus interest. No minimum balance is required to open the account. The ME Online Savings Account has no account-keeping or withdrawal fees. ME has won various awards, including for Best Customer Experience at the Australian Lending Awards. With no ‘bricks and mortar’ branches, ME is an online-only bank. ME offers its customers savings and transaction accounts, term deposits, home loans, personal loans, credit cards, car loans and insurance.
This means that all profits are distributed back to the super funds that own the bank. Members Equity (ME) Bank was created by a group of industry super funds in 1994.
