Government Guarantee

Government Guarantee

Your savings with ME are protected by a deposit guarantee from the Australian Government, as well as ME’s strong financial position, corporate governance frameworks, and the support of some of Australia’s largest industry superannuation funds.

The Australian government guarantees your savings

All ME’s customers’ savings are guaranteed by the Australian government, up to $250,000 per customer. This guarantee applies no matter what happens. For more information about the government deposit guarantee, click here.


ME is financially strong and growing

ME is a fast-growing bank and our special relationship with the industry super fund network that owns us provides us with unique competitive advantages. Our financial performance in the 2016 Financial Year was strong with underlying earnings (NPAT) up 25% on the prior year to $74.7 million. ME’s NPAT has grown annually at a compound rate of 32% over the last four years and customer numbers are also growing year on year. We also continue to receive very high customer satisfaction ratings from Roy Morgan and in 2016 we were crowned ‘Australia’s Best Bank’ by Mozo[1] and ‘Best Online Bank of the Year’ by the Australian Financial Review.[2]

Underlying Net Profit
Customer Numbers

Strong corporate governance

ME is a wholly-owned Australian Bank with a full banking licence and as such is bound by a broad range of strict corporate governance obligations and responsibilities, which protect the interests of the Bank, its customers and shareholders.

The ME Board is committed to a high standard of corporate governance practice and has fostered a bank culture of compliance, ethical behaviour, personal and corporate integrity, accountability and respect for others. The values and behaviours that underpin our day-to-day activities provide transparency, fair dealing, promote financial stability and healthy economic growth, and deliver security for our customers.

We’re owned by some of Australia’s largest industry superannuation funds

ME is owned by 29 industry super funds, including some of Australia’s largest like AustralianSuper, Hostplus, Hesta and Cbus. Collectively these funds manage over $300 billion for more than 5 million Australians. ME works closely with our owners, who historically have provided capital to support our growth and with whom we run several joint product and service initiatives.

[1] Judged by Mozo based on ME’s overall success in Mozo Experts Choice product awards over the previous 12 months.
[1] AFR Smart Investor Blue Ribbon Awards recognise leading products in the financial services industry awarding outstanding achievement in investment, insurance, finance and banking. They are endorsed by the AFR in association with their research partners Finder.com.au, Lonsec Fiscal, Morningstar and Rice Warner.