ME HomeME Summary
Description
A variable-rate savings account. Bonus interest depends on meeting the account’s monthly requirements.
Benefits
- No monthly savings-account fee.
Hoops
- Applicants must be at least 14.
- For bonus interest, deposit at least $2,000 each month. Check the full requirements below.
- Bonus qualification uses activity from the previous month.
- Ongoing rate cap: $1,000,000. See the rate breakdown for higher balances.
On this page
Details
Key details
| Product name | ME HomeME |
|---|---|
| Maximum variable rate | 5.60% p.a. |
| Ongoing interest rate | 5.60% p.a. |
| Base interest rate | 0.05% p.a. |
| Minimum age | 14 years |
Source: noren.com.au
All comparison details
| Base | 0.05% |
|---|---|
| Ongoing | 5.60% |
| Ongoing cap | $1M |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | 1 |
| Dep $/mth | $2,000 |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | - |
| Min age | 14 |
| Max age | - |
| Fee/mth | $0 |
Source: noren.com.au
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 0.05% p.a., before bonus interest.
- Ongoing: 5.60% p.a. when bonus conditions are met. Up to $1m.
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Base rate component | 0.05% | Whole balance | All balances |
| Ongoing total, conditions met | 5.60% | This band only | First $1m |
| Ongoing total, conditions met | 0.05% | This band only | Over $1m |
Source: noren.com.au
Share/Export
This band only: the rate applies to the money within the listed balance range. Other portions earn their own rates.
Requirements
- In the previous calendar month, deposit at least $2,000 from an eligible external account into the linked SpendME account held in the same sole or joint names.
- No HomeME balance-growth requirement, card-purchase hurdle or withdrawal-count test. Withdrawals are internal transfers through the linked banking arrangement.
- The opening partial calendar month has its bonus qualification waived. It is not a separate introductory rate, and differs from SaveME’s longer waiver.
- Qualification timing: Activity in the previous month determines eligibility for the current month. Check the settlement deadlines and exclusions in the requirements.
Fees
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with ME.
- Personal Australian residents with an Australian residential address and mobile number, age 14 or older under the contractual eligibility clause, despite the product page’s less precise “over 14” wording.
- Linked SpendME account required, at most two joint holders and one HomeME per entity. This account is not restricted to first-home buyers.
- Eligible external funds include other financial institutions and specified non-ME-Go accounts, ordinary ME Go internal transfers do not qualify.
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Sources & review
Noren aggregates information from multiple primary sources to ensure you're getting the most up-to-date, accurate information. All product information is peer reviewed.
Collected and verified on 31 Oct 2026.