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It's never too early to start saving
There's no better time than now to start your kids on their savings journey. Whether it's for a new bike or a first car, helping them establish a consistent savings habit now will reap rewards for them in the future.
At MOVE Bank, we have a range of accounts that will give your kids the savings boost they need to reach their future goals.
Watch your savings grow with bonus interest when you deposit $200 and make no withdrawals in a month.
- High bonus interest rate
- For balances up to $25,000
- Minimum deposit of $200 per month and no withdrawals
- 5.50%p.a. Interest rate
Maximise your savings with our bonus saver, when you deposit $200 and make no withdrawals in a month.
- High bonus interest rate
- For balances up to $250,000
- Minimum deposit of $200 per month and no withdrawals
- 5.00%p.a. Interest rate
The Online Saver Account is completely digital, making it easier than ever for you to manage and grow your savings.
- No monthly fees
- No fixed term and no minimum deposit
- Access your funds 24 hours a day, 7 days a week
- 4.40%p.a. Interest rate
Product Features:
Tiered Savings Accounts |
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|---|---|
| Online banking : | Yes |
| Phone banking : | No |
| BPAY : | No |
| ATM access : | No |
| Maximum rate : | 5.50% pa |
| Base rate : | 0.10% pa |
| Minimum balance : | $1 |
| Maximum balance : | $25,000 |
| Monthly fee : | $0 |
| Interest calculated : | Calculated on daily balance and paid monthly |
| Bonus rate conditions : | Bonus interest rate applied on balances up to $25,000 when the account holder makes a minimum deposit of $200 and no withdrawals within a calendar month. Otherwise base interest rate will apply |
| Statement options : | Online statements only |
| Account eligibility : | Available for personal accounts only |
Product Features:
Tiered Savings Accounts |
|
|---|---|
| Online banking : | Yes |
| Phone banking : | No |
| BPAY : | Yes |
| ATM access : | No |
| Maximum rate : | 5.00% pa |
| Base rate : | 0.10% pa |
| Minimum balance : | $1 |
| Maximum balance : | $250,000 |
| Monthly fee : | $0 |
| Interest calculated : | Calculated on daily balance and paid monthly |
| Bonus rate conditions : | Bonus interest rate applied on balances up to $250,000 when the account holder makes a minimum deposit of $200 and no withdrawals within a calendar month. Otherwise base interest rate will apply |
| Statement options : | Online statements only |
| Account eligibility : | Available for personal accounts only |
Product Features:
Savings Accounts |
|
|---|---|
| Monthly Fee : | $0 |
| Minimum Amount : | $1 |
| Maximum Amount : | $5,000,000 |
| Debit Card : | No |
| ATM Access : | No |
| BPAY : | Yes |
| Interest Income : | Calculated on daily balance and paid monthly |
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Find out more about banking with us
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For more information about our accounts, view our Summary of Accounts and Facilities
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Information about the Financial Claims Scheme (also known as the Australian Government Deposit Guarantee) is available here
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We're ready to help you
Members aged 12 years and above are eligible to join MOVE Bank as members or customers depending on their eligibility. They can open savings accounts and transaction accounts, and have the option to have a Visa Debit card attached to their transaction account. This account is opened in the child’s name and operated by them.
Children will need to verify their identity using either their passport or a Medicare Card
Visa transactions with retailers who do not do business with under 18’s will be blocked.
Your child should sign the back of their card when they receive it.
They should report their card as lost as soon as possible by calling MOVE Bank on 1300 362 216. To report a lost or stolen card outside business hours please call the Visa Lost / Stolen Card on 1800 621 199.
They can also lock their card using the MOVE Bank mobile app. This will prevent anyone else from using their card while it is lost.
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Footnotes:
- 1 Bonus interest rate applied on balances up to $25,000 when the account holder makes a minimum deposit of $200 and no withdrawals within a calendar month (prior to 5pm on the last day of the calendar month). Otherwise the base interest rate will apply.
- 2 Bonus interest rate applied on balances up to $250,000 when the account holder makes a minimum deposit of $200 and no withdrawals within a calendar month (prior to 5pm on the last day of the calendar month). Otherwise the base interest rate will apply.
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Railways Credit Union Limited trading as MOVE Bank | ABN 91 087 651 090 | AFSL/Australian credit licence 234 536 | BSB 724 100 | Swift code WPACAU2S