In line with the Reserve Bank of Australia's (RBA) recent announcement to increase the official cash rate, we are increasing the interest rate across our Savings accounts by up to 0.45% p.a., effective 1 April 2023.
|
Product |
New Maximum Rate |
New Bonus Rate |
Base Rate |
|
Bonus Saver^# |
3.95% |
3.85%* |
0.10% |
|
Growth Saver$ |
5.00% |
4.90%** |
0.10% |
|
Online Saver^ |
3.85% |
N/A |
N/A |
|
Express Saver~ |
2.60% |
N/A |
N/A |
We are also increasing the interest rates across several of our Term Deposits by up to 1.30%. The current interest rates for all of our Savings and Term Deposit products can be viewed on our Interest Rates page.
Boost your savings with MOVE's award-winning products
We are thrilled to have been recently recognised by industry rating website RateCity for delivering great value in 2023 for our Growth Saver and Online Saver products.
- Best Savings Account Regular Savers (Growth Saver)
- Best Savings Account Young Adults (Growth Saver)
- Best Standard Savings Account (Online Saver)
If you have any questions on our Savings products, 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
#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.
View the RateCity awards methodology here
