MOVE Bank is committed to offering members great value across our lending, investment and deposit product ranges.
With this in mind we will be making some changes to our deposit interest rates, effective 1 October 2020.
Due to the record low interest rate environment and narrowing margin between the interest earned on loans and paid on our deposits, we’ve made the difficult decision to reduce interest rates on our Bonus Saver and Term Deposits.
Despite the rate reductions, our savings accounts continue to offer great value with our Express Saver and Bonus saver recognised with prestigious awards from Canstar and Rate City.
Effective 1 October 2020
Bonus Saver
- Base rate: 0.25% p.a.
- Maximum rate*: 1.50% p.a.
Term Deposits
|
Term Deposits |
Current Rate |
New Rate |
|
I3 3 Months |
1.00% |
0.85% |
|
I4 4 Months |
1.00% |
0.80% |
|
I5 5 Months |
1.00% |
0.80% |
|
I6 6 Months |
1.00% |
0.95% |
|
I7 7 Months |
1.00% |
0.90% |
|
I8 8 Months |
1.00% |
0.90% |
|
I9 9 Months |
1.00% |
0.90% |
|
I10 10 Months |
1.00% |
0.90% |
|
I11 11 Months |
1.00% |
0.90% |
|
I12 12 Months |
1.15% |
1.05% |
|
I13 13-14 Months |
1.15% |
1.05% |
|
I30 15-24 Months |
1.20% |
1.10% |
|
I40 12-14 Months |
1.05% |
0.95% |
|
I50 15-24 Months |
1.10% |
1.00% |
If you have any questions about these changes, please email us at info@movebank.com.au or call us on 1300 362 216.
Interest rates subject to change. All rates quoted are per annum (p.a.) Fees and charges apply.
* 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
