ME Bank term deposit rates
6 terms published on 10 Oct 2026, best 5.37% for 12 months, from ME Bank’s own Consumer Data Right feed. Registered as ME Bank - ME Go.
ME Bank at a glance
Today’s rates6 terms · read 10 Oct 2026
| Term | Rate | Rank | vs median | vs best | Last change | This rate | Min. deposit | Product |
|---|---|---|---|---|---|---|---|---|
| 3mo | 5.00% | joint #10 of 68 | +0.45 | −0.25 | — | same on every day read since 10 Sep 2026 | $5,000 | ME Go Term Deposit |
| 4mo | 5.05% | joint #7 of 49 | +0.40 | −0.35 | ▲ +0.20 23 Sep | in effect since 23 Sep 2026 | $5,000 | ME Go Term Deposit |
| 6mo | 5.25% | #9 of 73 | +0.25 | −0.20 | ▲ +0.05 23 Sep | in effect since 23 Sep 2026 | $5,000 | ME Go Term Deposit |
| 7mo | 5.20% | joint #6 of 43 | +0.25 | −0.25 | ▲ +0.05 23 Sep | in effect since 23 Sep 2026 | $5,000 | ME Go Term Deposit |
| 9mo | 5.30% | joint #5 of 60 | +0.50 | −0.10 | — | same on every day read since 10 Sep 2026 | $5,000 | ME Go Term Deposit |
| 1yr | 5.37% | #19 of 75 | +0.12 | −0.23 | — | same on every day read since 10 Sep 2026 | $5,000 | ME Go Term Deposit |
“Rank”, “vs median” and “vs best” compare ME Bank with every bank that publishes the same term today. “This rate” is the first day our daily read showed the current rate — a rate that changed between two reads is dated to the first read that showed it.
What ME Bank publishes about its products1 term deposit product · as published 10 Oct 2026
| Product | Interest paid | Min. deposit | Max. deposit | Fixed-rate terms | Links |
|---|---|---|---|---|---|
| ME Go Term Deposit | at maturity | $5,000 | not stated | 6 | product page · terms · fees · eligibility |
ME Go Term Deposit: eligibility, conditions and features
- Eligibility
- residency: Resident or Citizen — Be an Australian citizen or permanent resident or resident for tax purposes with an Australian residential address.; minimum age: 14 — At least 14 years old; Personal use only
- Conditions
- min balance 5000.0000000000 — Minimum balance invested $5,000
- Features
- other — A fixed interest rate for the term of the investment; other — 31 days prior notice required if you want to access your funds prior to the maturity date with an Early Withdrawal Interest Adjustment; other — A Term Deposit has to be linked to a internal nominated transaction or savings account. New to Bank customers is a transaction account and Existing to Bank is a Savings or Transaction account; other — With no application or establishment fees and no account keeping fees, grow every cent you deposit.
- The bank’s description
- Digital Term Deposit for ME Go
- Interest calculated
- daily
Every line is the bank’s own statement in its feed, read that day — nothing is inferred. Early-withdrawal terms appear under conditions or features when a bank states them.
Rate historyevery sweep day since 26 Aug 2026 · 46 days · 6 terms
3mo 5.00% today
26 Aug 202610 Oct 2026
4mo 5.05% today
26 Aug 202610 Oct 2026
6mo 5.25% today
26 Aug 202610 Oct 2026
7mo 5.20% today
26 Aug 202610 Oct 2026
9mo 5.30% today
26 Aug 202610 Oct 2026
1yr 5.37% today
26 Aug 202610 Oct 2026
Each line is the best retail rate ME Bank published for that term on each day we read its feed. A break in the line is a day we read no rate for that term — the feed could not be read, or the bank did not publish that term that day — never a rate carried forward.
Where ME Bank sitsagainst the 77 banks ranked today
1yr: 18 banks ahead
- Community First Bank 5.60%
- Dnister Bank 5.55%
- Heartland Bank 5.55%
- Unity Bank 5.50%
- Alex Bank 5.50%
- Bank Australia 5.50%
- and 12 more on the leaderboard
6mo: 8 banks ahead
- Heartland Bank 5.45%
- RACQ Bank 5.45%
- Unity Bank 5.35%
- Dnister Bank 5.30%
- Bank Australia 5.30%
- Bank First 5.30%
- and 2 more on the leaderboard
Timeline3 rate changes since 10 Sep 2026 · ▲3 ▼0 · 1 event
| Date | Term | From → to | Δ |
|---|---|---|---|
| 30 Sep 2026 | RBA | RBA cash rate 4.60% — up 0.25 pointsReserve Bank decision effective 2026-09-30: cash rate target 4.60%, a rise of 0.25 percentage points. | |
| 23 Sep 2026 | 4mo | 4.85 → 5.05 | ▲ +0.20 |
| 23 Sep 2026 | 6mo | 5.20 → 5.25 | ▲ +0.05 |
| 23 Sep 2026 | 7mo | 5.15 → 5.20 | ▲ +0.05 |
Questions about these rates
What is ME Bank’s best term deposit rate today?
On 10 Oct 2026, the best retail term deposit rate ME Bank publishes in its Consumer Data Right feed is 5.37% for 12 months (ME Go Term Deposit). That is #23 of the 77 Australian banks ranked by best rate today.
What is ME Bank’s 12-month term deposit rate?
5.37% as read on 10 Oct 2026, 0.12 points above the market median of 5.25%, and #19 of the 75 banks publishing a 12-month rate. The market-best 12-month rate today is 5.60%.
What is the minimum deposit at ME Bank?
The lowest minimum ME Bank states in its feed is $5,000 (ME Go Term Deposit, 3-month). Check the product disclosure statement for balance tiers.
When did ME Bank last change a term deposit rate?
The most recent change we read was on 23 Sep 2026: the 4-month rate moved from 4.85% to 5.05%. We have read 3 changes at ME Bank since 10 Sep 2026.
Are deposits with ME Bank guaranteed?
ME Bank publishes its products under the Consumer Data Right as an Australian data holder. Under the Financial Claims Scheme, administered by APRA, protected Australian-dollar deposit accounts at an Australian-incorporated authorised deposit-taking institution (ADI) are covered up to $250,000 per account holder per ADI. Several brands can share one ADI licence, in which case the cap covers them together, so confirm which licence ME Bank operates under before relying on the guarantee. Scheme facts checked against apra.gov.au (Financial Claims Scheme) on 15 Sep 2026 — the link is under “About ME Bank” below; rates are as read on 10 Oct 2026.
About ME Bank
- Registered as
- ME Bank - ME Go
- Also known as
- ME Go
- Type
- ASX-listed bank
- Part of
- Bank of Queensland
- ASX code
- BOQ
- Website
- www.mebank.com.au
- Consumer Data Right feed
- https://api.cds.mebank.com.au
- Deposit guarantee
- Financial Claims Scheme, up to $250,000 per account holder per ADI — scheme details and covered institutions at APRA (checked 15 Sep 2026)
The rates on this page are the retail term deposit rates ME Bank publishes in its own Consumer Data Right product feed, read once a day. Business, SMSF and staff-only products are left out. A product the bank publishes as “tailored” (pricing may be negotiated) is included only when the bank also states it is open to individuals, and is marked as tailored. A day on which we read no rate is a gap on this page — never an estimate.
Facts about the institution reviewed 15 Sep 2026. Rates read 10 Oct 2026.
Savings accounts at ME Bankhighinterestsavingsaccounts.org
A savings account keeps the money at call, but its rate can change at any time and its best rate usually has monthly conditions. A term deposit locks one rate for its term. Both figures come from the bank’s own feed.
Please note: the savings figures on this page are estimates only and may not reflect the return you actually receive. Actual returns vary with tax, fees, the interest payment frequency and any change the bank makes to a rate before you open the account. Rates are the bank’s own published Consumer Data Right figures and may differ for particular balance tiers or online-only products. Always read the product disclosure statement, confirm the rate with the bank, and consider your own circumstances. Nothing here is financial advice or a recommendation. This site is published by Nutshell Media Pty Ltd, which is not affiliated with any bank, credit union or building society.