Members Equity Bank

 

 

Fully owned by Australia’s leading Industry Super Funds, Members Equity Bank provides its customers with straightforward, transparent and fair banking products. Also known as ME, the bank opened its first Victorian branch in 2007. Since then it has opened its branches in Brisbane CBD and Canberra.[br]

 

Members Equity Bank: Products and Services

Recognized for providing exemplary personal service, Members Equity Bank offers a range of products that cater to its personal and business customers. Some of the services offered by Members Equity Bank are:

 

Members Equity Personal Loan: This product is the smart way to finance your major purchases. The key benefits of opting for this loan are:

• low fixed interest rate

• No ongoing account keeping fees

• No annual fees or charges associated with the account

• No fees for extra repayments

• No penalties for early payout

• Select your own loan term ranging from one to five years

• Loans available for amounts starting from $5,000 to up to $30,000

 

Members Equity Online Savings Account:By opting for saving your money in the Members Equity Online Savings Account, you will earn interest on every dollar in your account, everyday. Other benefits include:

• No fees required

• No penalty for withdrawals

• No minimum opening deposit or balance required

• Free phone and internet banking[br]

 

InterestME Account: It is a two-in-one transaction and savings account that can be used for everyday banking, while earning you interest on the savings. Some of the benefits of this account are:

• You can earn 0.25% per annum on every dollar saved up to $3,000.

• You can earn high interest on every dollar saved above $3,000

• There are no account keeping fees

• There are no minimum requirement on monthly balance

• You can conduct 15 EFTPOS transactions free of cost every month

• You can have free direct debits and credits

• You can use phone and internet banking free of cost

 

Members Equity Bank First Home Saver Account:Through this account, you canearn high interest on your entire balance, in addition to a 17.00% p.a. contribution from the government on your first $5,000 savings every year. This will boost your deposits for your first home. Other benefits of this account are:

• No account keeping fees

• No minimum balance required

• Tax-free contributions

• Investment earnings (or interest) will be taxed at 15%