Following the Reserve Bank of Australia’s (RBA) decision to reduce the official cash rate, we’ve reviewed our interest rates to ensure we’re offering members our best rates possible.
Variable rates
MOVE Bank recently announced that we’d be passing on the full 0.15% p.a. RBA rate cut on our Straightforward Investment Loan and all our owner-occupied variable home loans effective 19 November for new loans and 1 December for existing members.
Fixed rates
We’ve also reviewed our fixed rate home and investment loans and will be making a number of changes changes effective 23 November 2020. These changes include reducing our Complete Package 1Y Fixed Home Loan to our lowest rate ever of 1.99% (Comparison rate 3.11%*)!
Please see all fixed rate loans effective Monday 23 November 2020 below.
|
Product |
Rate |
Comparison rate* |
|
1 Year |
1.99% |
3.11% |
|
2 Year |
2.19% |
3.09% |
|
3 Year |
2.49% |
3.12% |
|
5 Year |
2.59% |
3.12% |
|
1 Year |
2.19% |
3.65% |
|
2 Year |
2.39% |
2.59% |
|
3 Year |
2.69% |
3.59% |
|
5 Year |
2.89% |
3.58% |
If you have any questions about these changes, please contact 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.) Fees and charges apply. *The comparison rate is based on a secured loan of $150,000 for a term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. AFSL/Australian Credit License 234 536.
