As a mutual bank, we’re committed to giving all members a fair deal, while carefully balancing the interests of our borrowers and depositors.
New Fixed Rate Car Loan
To ensure we are offering members our best rate possible and to maintain our competitive position within the market, we have made the decision to reduce the interest rate on our New Fixed Rate Car Loan by 0.50%.
Effective 24 September 2019
|
Product |
New Rate |
|
4.89% | 5.16%* (Comparison rate) |
Term Deposits
Due to the continuing pressure on the margin between the interest earned on loans and paid on our deposits, we have made the difficult decision to reduce interest rates on our Term Deposits by 0.05-0.10%.
This decision was not made lightly and we understand that the change will impact our members. Please don't hesitate to contact us on 1300 362 216 for any assistance or questions you may have.
Effective 24 September 2019
|
Product |
New Rate |
|
3 Months i3 |
1.70% p.a. |
|
4 Months i4 |
1.70% p.a. |
|
5 Months i5 |
1.70% p.a. |
|
6 Months i6 |
1.70% p.a. |
|
7 Months i7 |
1.65% p.a. |
|
8 Months i8 |
1.65% p.a. |
|
9 Months i9 |
1.65% p.a. |
|
10 Months i10 |
1.65% p.a. |
|
11 Months i11 |
1.65% p.a. |
|
12 Months i12 |
1.65% p.a. |
|
13 to 14 Months i13 |
1.60% p.a. |
|
15 to 24 Months i30 |
1.60% p.a. |
|
12 to 14 Months i40 |
1.55% p.a. |
|
15 to 24 Months i50 |
1.50% p.a. |
If you have any questions about these changes, please contact our Member Experience Team 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 $30,000 for a term of 5 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. Fees and charges apply. Rates quoted are correct as stated and are subject to change without further notice. All rates quoted are per annum. All applications are subject to MOVE’s standard credit assessment and eligibility criteria.
