Incredibly, it was only in May last year that the RBA increased the cash rate for the first time since 2010.* We have now seen a record-breaking string of increases that have risen us to the highest cash rate in over a decade. While this is far from the highest the cash rate has been, the longer-term low interest rates have contributed to much hi...

As we head into the new year, many of us will be thinking about what the fresh start can bring and our goals for 2023. If your goal is to improve your financial position, we are here to help! A goal without a plan is just a wish, so here are some tips to help turn your wish to reality. Kick start your savings by taking out a Growth Saver! That’s ...

Have you ever had a chat with MIA? MIA is our website’s online automated chat assistant. MIA is available 24/7 to answer your general enquiries including questions about products and information about rates.  You can even ask MIA to arrange a call from one of our friendly team. We are continuing to develop and improve MIA and need your help! The m...

Our AGM provides an opportunity for MOVE Bank members to vote on motions relating to the governance of the organisation and ask questions directly to our Board of Directors and Executive Staff. At this year’s AGM members approved the following motions: The re-election of Scott Reidel as a Director The re-election of Mick Skinner as a Director ...

Working in the MOVE Bank contact centre, I am aware that we have a member base with long memories. The Whitlam years, the introduction of GST, the fall of the Berlin Wall. I mention this because if we have spoken over the phone about any potential scams that concerned you, I have given you this piece of advice: trust but verify. Trust but verify i...

The Bank of Mum and Dad is now one of Australia’s largest lenders. Housing prices have boomed nationwide since the start of the pandemic, meaning many parents and grandparents are keen to assist their children in making that often difficult first step onto the property ladder. But what is the Bank of Mum and Dad? The phrase can generally mean two ...

Rate Changes With Australia currently experiencing high inflation and low unemployment, the past 3 months have seen some of the most aggressive RBA rate increases on record. After each new announcement, we have had to review the rates on our savings and lending products. These are difficult decisions, which we know have a significant impact on our...

Changes to our trading hours We have been reviewing our current trading hours and how we can better serve our members. We are happy to announce that from 4 October 2022, our new extended contact center hours will be:Monday: 8:00 – 17:30 (AEST)Tuesday: 8:00 – 17:30 (AEST)Wednesday: 9:00 – 17:30 (AEST)Thursday: 8:00 – 17:30 (AEST)Friday: 8:00 – 17:3...

If you ever find yourself splitting bills and trying to transfer money between friends, you need to know about PayID. PayID is an alternate name that you can give to your bank account details, making them much easier to share. Your PayID can be your phone number or email address. Not only is that easier to remember and share than a BSB and account...