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Starting your savings journey
Whether you’re saving for a house deposit, building up an emergency fund, or working towards some long-term goals – it’s never too early or late to start saving.
At MOVE Bank, we have a range of accounts to help you maximise your hard-earned savings and reach your goals sooner.
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
MOVE Bank offers highly competitive interest rates on term deposits. Interest is paid at maturity, yearly or monthly if term is more than 12 months.
- Terms from 3 to 24 months
- Start with as little as $5,000
- 7 months at maturity 4.95%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 (prior to 5pm on the last day of the 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 (prior to 5pm on the last day of the calendar month). Otherwise base interest rate will apply |
| Statement options : | Online statements only |
| Account eligibility : | Available for personal accounts only |
Product Features:
Term Deposits |
|
|---|---|
| Minimum Amount : | $5,000 |
| Interest Income : | At maturity, or yearly or monthly if term is more than 12 months |
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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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View a Target Market Determination
We're here to make banking the way it should be.
Real conversations
Know that you can always speak to someone who will provide you with honest and genuine support.
Value for money
Our products are designed to be simple, flexible and offer exceptional value.
Member-focused
We are driven by our members and 100% of our profits are used to benefit you, not shareholders.
We're ready to help you
724 100
MOVE Bank is an authorised deposit-taking institution (ADI) regulated by APRA so eligible deposits are protected under the Financial Claims Scheme up to $250,000 for each account holder. Please see our Government Guarantee page for further information.
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.
Deposits (Cheque and Internet Banking) over $2M are subject to acceptance criteria and negotiation.
Interest is calculated on the daily balance and paid monthly
If you have One Time Passwords activated on your account, your external transfer limits are:
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Standard transfers - $5,000
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Osko transfers - $5,000
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BPay payments - $10,000
If you do NOT have One Time Passwords activated, your external transfer limits are:
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Standard transfers - $5,000
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Osko transfers - $0
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BPay payments - $10,000
You can check your account balance using:
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Internet banking
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MOVE Bank App
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Phone banking – call 1300 362 216 and select option 1
Payments that have been transferred to an incorrect BSB and/or account number can be reported by phoning us on 1300 362 216 during business hours.
You can deposit a cheque at our branch, by posting it to us or at a Bank@Post outlet.
If you are depositing a cheque at our branch or by posting it to us, please allow 3 business days for the cheque to clear once received by MOVE Bank. If you are depositing a cheque using Bank@Post, please allow 7 business days for the cheque to clear.
When transferring money from overseas into your MOVE Bank account, you'll need to provide the following details:
Swift code: WPACAU2S
MOVE Bank's BSB: 724 100
Your MOVE Bank external account number
The name on your MOVE Bank account
We have developed policies and processes to assist members who are experiencing hardship. Acting quickly will help you get back on track faster, as well as assist in managing the stress that comes from hardship.
If you are having trouble meeting your financial commitments please contact our Credit Control Team as soon as possible on 1300 362 216.
For more information, visit our Financial Hardship page.
If you need our help to resolve an issue, please visit our Complaints page for information on the various ways you can raise this.
Forms and brochures are available here.
Our Product API enables developers to access our products via the following URL.
Please copy and paste the URL to your browser:
MOVE Bank does not issue traded stock or other securities. MOVE Bank is a customer-owned bank, which means that our customers are also our shareholders and owners. For more information, visit our About Us page.
Standard transfers are processed up to 3:45pm any business day for the funds to be available at the receiving bank before close of business the following business day. Clearance times can vary depending on the receiving bank.
Any funds transferred during weekends or Public Holidays will be processed on the next business day, to enable funds to be received the following day.
NPP transfers are processed in near real time and are available 24/7.
The internal reference number represents your member number and account type. This is used for internal transfers.
Your external reference number begins with 100- and is the account number that should be used when transferring from other financial institutions.
Alternatively, you may set up a PayID and use your contact details instead. For more information on PayID, click here.
Yes, MOVE Bank accepts international transfers. These transfers will incur a SWIFT processing fee. Refer to our Fees and Charges for more information.
To raise your daily account limit, give us a call on 1300 362 216 during business hours.
Depending on the amount being increased, we may require additional ID verification for security purposes.
You can bank with MOVE if you are an Australian citizen or permanent resident currently living in Australia. If you pay taxes internationally, will require your TIIN.
No, MOVE Bank is open to all Australian citizens and permanent residents currently living in Australia!
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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.
- 3 Term Deposit rates available on balances over $5,000 with terms from 3 to 24 months.
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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