2. HomeME Account Bonus Interest terms and conditions.
The Bonus Interest Rate applicable to your HomeME Account will apply:
For each calendar month where: a minimum of $2,000 was deposited into your SpendME account in the previous calendar month from an External Account. The SpendME account to which money is deposited must be held in the same name (sole name account) or names (joint names account) as your HomeME account; and
- to the balance of your HomeME account up to $1,000,000.
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4.60% p.a. is payable on balances up to $100,000.
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2.60% p.a. is payable on balances between $100,001 to $1,000,000
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0.05% p.a. is payable on balances >$1,000,000
If you don’t the above bonus interest condition you will receive variable base rate interest only, however in any month we may without notice waive the requirement for you to meet the condition.
6. ME Cashback terms and conditions.
A $3,000 cash back offer is available on refinances of an existing home loan from another financial institution* with a minimum new lending of $700,000 and a loan to value ratio (LVR) of up to 80%. This minimum amount cannot be split across multiple applications. To be eligible for this offer, applications must be received from 15 June 2024 and settle within 120 days of the loan application date.
This offer is not available where any of the loan proceeds are for the refinance, restructure, switches, or top ups of home loans from ME or from other lenders within the Bank of Queensland (BOQ) Group which includes BOQ, BOQ Specialist and Virgin Money (Australia).
This offer is available to Owner Occupier and Investors on all ME home loan products but is not available to applications for Owner-Occupied loans with interest only repayments. A home loan application involving both a purchase and refinance is not eligible.
Only one cash back will be paid per qualifying home loan application regardless of the number of borrowers. In the case of multiple qualifying applications, only one cash back will be paid per separate security property.
The cash back amount will be paid within 60 days of loan settlement into a ME Everyday Transaction Account (ETA) for Basic Flexible home loans or a SpendME account for EconoME or CompleteME home loans held by the borrower first listed on the application. In the event the first listed borrower doesn’t hold an ETA or SpendME, the cash back will be credited to the home loan it applies to. Terms, conditions, fees, and charges apply. Applications are subject to credit approval. The offer can be withdrawn or varied at any time.