ME Bank Term Deposit Rates: The Real Table (One Comparison Site Shows None)

ME Bank term deposit rates are easy to find on ME’s own site. They’re surprisingly hard to find on at least one comparison page that claims to be updated today but shows nothing at all. Here’s the real current table, plus the new-customer versus existing-customer distinction most pages skip.

Quick Answer: ME Bank Term Deposit Rates

ME Bank’s current term deposit rates range from 4.80% per annum on a 3-month term up to 5.35% per annum on a 12-month term, for new customers opening a “ME Go Term Deposit.” The minimum deposit is $5,000. These rates apply to balances up to $1,000,000, after which the rate steps down. ME Bank became part of the Bank of Queensland Group in 2021, so it’s no longer an independent bank, though it still runs under its own name and licence.

The Current ME Go Rate Table

• 3-month term pays 4.80% per annum. This is the shortest term ME Bank currently offers on its Go term deposit product.
• 4-month term pays 4.85% per annum, 6 and 7-month terms pay 5.15% per annum. The rate climbs steadily as the term gets longer through this range.
• 9-month term pays 5.20% per annum. This sits just below the top rate, for savers who don’t want to lock in a full year.
• 12-month term pays 5.35% per annum, the highest on offer. This is currently ME Bank’s best headline rate across its available terms.

Why One Comparison Site Shows No Rates At All

• A well-known comparison site’s ME Bank rate table currently shows “No Products.” Despite a byline claiming it was updated today, the live rate feed appears to have failed to load.
• This is a real risk of relying on any single comparison page. A broken feed can sit there showing nothing useful, or worse, an outdated number, without any visible warning.
• Always cross-check against the bank’s own page before deciding. ME Bank’s own site consistently shows the accurate current table, which is the safest single source to trust.
• A stale-looking byline doesn’t always mean stale data, either. One comparison site’s byline read as several months old, yet its rate table matched the current accurate figures — so check the numbers themselves, not just the date.

ME Go vs the Older Classic Term Deposit

• ME Go is the current product for new customers. This is what the 4.80% to 5.35% rate table above actually applies to.
• Some existing customers are still on an older, classic ME Bank term deposit structure. That product runs on a different rate scale, historically much lower, down toward under 1% per annum on some terms.
• Comparing the wrong product leads to the wrong conclusion. If you’re an existing customer checking your current term deposit rate, don’t assume the advertised ME Go rate automatically applies to your account.
• Ask ME Bank directly which product you’re actually on. This matters most at renewal time, when it’s worth confirming you’re getting the current rate rather than an old rollover rate.

Deposit Limits and Ownership

• The minimum deposit is $5,000, and the maximum is $2,000,000. Balances above $1,000,000 receive a reduced rate on the amount over that threshold.
• ME Bank became part of the Bank of Queensland Group in 2021. It’s the sixth-largest banking group in Australia, and ME still operates under its own licence and brand.
• This doesn’t change how your deposit is protected. ME Bank remains a licensed authorised deposit-taking institution, covered the same way as any other Australian bank under the government guarantee scheme.
• The BOQ ownership mainly affects scale and backing, not the product itself. Rates and terms are still set and published directly by ME Bank.

For related reading, see our guides to Line of Credit: The Three Types Explained in One Place and ING Savings Maximiser: The Real Current Rate and Why Sites Disagree.

FAQ: ME Bank Term Deposit Rates

What is ME Bank’s current highest term deposit rate?
5.35% per annum on a 12-month ME Go Term Deposit, ME Bank’s best currently advertised rate.

What is the minimum deposit for an ME Bank term deposit?
$5,000, with a maximum of $2,000,000 per term deposit.

Is ME Bank still an independent bank?
No. ME Bank became part of the Bank of Queensland Group in 2021, though it still operates under its own brand and licence.

Do existing ME Bank customers get the same rate as new customers?
Not necessarily. Some existing customers are still on an older classic term deposit structure with different, often lower, rates than the current ME Go product.

Why does one comparison site show no ME Bank rates?
Its live rate feed currently appears broken, showing “No Products” despite claiming a same-day update. ME Bank’s own site shows the accurate current table.

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