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responsible savings
bankmecu is committed to investing its customers funds for economic performance in both socially and environmentally responsible ways. bankmecu is a signatory to the UN Environment Program Statement by Financial Institutions on the Environment, UN Global Compact and UN Principles for Responsible Investment. Furthermore our approach to sustainable development and enhancing customer value is guided by a covenant with the Victorian State Government.
Learn more about bankmecu's commitments here.
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special account requirements
A minimum opening balance of $5,000 is required to open a Cash Management - Transaction Account.
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funds available at call with no fixed terms
You can access your money as soon as it is deposited to your account (cheque deposits are not available until cleared).
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no monthly account keeping fees
Your savings are not diminished by any monthly or account-keeping fees.
rates (effective 10/05/13)
| balance | rates |
|---|
| $1 to $4,999 |
0.00% |
| $5,000 to $19,999 |
0.10% |
| $20,000 to $49,999 |
0.25% |
| $50,000 to $99,999 |
1.25% |
| $100,000 to $249,999 |
1.85% |
| $250,000 and over |
2.05% |
$5,000 minimum opening balance only. Interest calculated daily on whole of balance and credited monthly.