Saw this in email.
We’re delighted to share some great news with you. On 22 March 2024, the interest rate on your savings account increased, so you can continue to work towards your goals faster.
Our savings rates:
Future Saver Account
$0 to $50,000 5.50%
$50,001 - $250,000 3.00%
Monthly Criteria:
HomeMe account from Me bank is 5.55%, max $100K, no age limits, only catch is no withdrawal.
This is incorrect about HomeMe.
Please note MeBank is owned by BOQ.
You can withdraw money from the account and l have done this several times. You just need to made sure the closing balance is higher than the opening balance in the same month excluding interest. You can deposit 1000.01 during the month and withdraw 1000. So long the balance goes up by 1 cent.
This is something l do since you need to deposit 2k into the link account but you can only payid out 1k everyday.
Terms are below.
Deposit $2,000 or more into your linked SpendME Transaction Account every month and;
Ensure you grow your savings balance in your HomeME account each month. If you withdrew money, you’ll need to replace that, plus a little bit extra (this excludes interest paid by ME or any adjustments processed by ME).2
For example, if your starting month balance is $1000 and you withdraw $200 to pay for some bills, before month end, you would need to contribute at least $200.01 to be eligible for bonus interest. If you received any interest during the month, this does not contribute to your savings balance growing
ING offers 5.5% as well but without the age limited
same thing.