At MOVE Bank, we're committed to providing our members with competitive rates when it comes to our range of savings and loan products.
Following the Reserve Bank of Australia's (RBA) recent announcement to increase the official cash rate, we have updated the interest rates across several of our home and investment loan products which come into effect for new lending on 24 May, 2023. You can view the latest rates by visiting our Interest Rates page.
Please note: Members who hold existing home loans with MOVE will be contacted individually regarding changes to their home loan rates that will be effective on 01 June 2023 and any subsequent changes to their loan repayments.
Additionally, we will be increasing the rates of the following savings accounts on 1 June, 2023.
|
Product |
New Maximum Rate |
New Bonus Rate |
Base Rate |
|
Bonus Saver^# |
4.15% |
4.05%* |
0.10% |
|
Growth Saver^$ |
5.25% |
5.15%** |
0.10% |
|
Online Saver^ |
4.05% |
N/A |
N/A |
If you have any questions about these changes, please contact our friendly staff here.
Interest rates subject to change. All rates quoted are per annum (p.a.)
^Online Savings Accounts. Paper statements are not available for these accounts
# Bonus 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 rate applies. Interest calculated on daily balance and paid monthly.
$ Bonus 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 rate applies. Interest calculated on daily balance and paid monthly.
* 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 the base interest rate will apply.
** 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 the base interest rate will apply.
