Savings and Term Deposit Interest Rates – Effective 1 August 2022
In line with the RBA’s recent announcement to increase the official cash rate, we are increasing the interest rate across our savings accounts by up to 0.50% p.a., effective 1 August 2022. We have also increased the interest rate on several of our term deposits, effective 21 July 2022.
|
Product |
New Rate |
Base Rate |
|
Bonus Saver^# |
1.80%* |
0.10% |
|
Growth Saver$ |
2.50%** |
0.10% |
|
Online Saver^ |
1.50% |
|
|
Express Saver~ |
1.30% |
|
To view the savings and term deposit rates for all our products, please visit our Interest Rates page.
Home Loan Interest Rates – Effective 1 August 2022
Balancing the interests of both our borrowing and deposit members, we have also made the decision to increase the interest rates across our variable home and investment loan products by 0.5% p.a., effective 1 August 2022. These changes apply to both owner-occupied and investment loans.
Members will be contacted individually regarding their rate change and any subsequent changes to their home loan repayments.
Questions
If you have any questions about these changes, please call us on 1300 362 216 or email us at info@movebank.com.au
Interest rates subject to change. All rates quoted are per annum (p.a.)
^Online Savings Accounts. Paper statements are not available for these accounts
#The Bonus Saver was suspended from 9 October 2020-19 November 2020. 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.
~ No longer available for new accounts.
* 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.
