Term Deposit
Lock your savings away and watch them grow
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Lock in a competitive interest rate with a MOVE Bank Term Deposit.
To open a term deposit
Effective 15 August 2025
| Term | Minimum $5,000 | Interest Paid |
| 3 Months | 4.30% p.a. | At Maturity |
| 4 Months | 4.35% p.a. | At Maturity |
| 5 Months | 4.45% p.a. | At Maturity |
| 6 Months | 4.35% p.a. | At Maturity |
| 7 Months | 4.00% p.a. | At Maturity |
| 8 Months | 4.00% p.a. | At Maturity |
| 9 Months | 4.10% p.a. | At Maturity |
| 10 Months | 3.90% p.a. | At Maturity |
| 11 Months | 3.90% p.a. | At Maturity |
| 12 Months | 4.05% p.a. | At Maturity |
| 13 to 14 Months | 3.80% p.a. | Annually |
| 15 to 23 Months | 3.80% p.a. | Annually |
| 24 Months | 3.80% p.a. | Annually |
| 12 Months | 3.95% p.a. | Monthly |
| 13 to 14 Months | 3.70% p.a. | Monthly |
| 15 to 23 Months | 3.70% p.a. | Monthly |
| 24 Months | 3.70% p.a. | Monthly |
Product Features:
Term Deposits |
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|---|---|
| Minimum Amount : | $5,000 |
| Interest Income : | At maturity, or yearly or monthly if term is more than 12 months |
Related Products
Ready to Open a Term Deposit?
Term Deposit Frequently Asked Questions
The minimum deposit for a MOVE Bank Term Deposit is $5,000.
- For terms up to and including 12 months, interest is paid at maturity.
- For terms longer than 12 months, interest can be paid annually or at maturity.
- Monthly interest payments are available for terms of 12 months or more.
We understand that sometimes you need to access your money unexpectedly. If you need to withdraw your funds before the end of the term, we may be able to help. Please note that an interest rate reduction may apply.
Refer to Conditions of Use for interest deduction calculation.
Deposits over $2M are subject to acceptance criteria and negotiation.
At the end of the term, your term deposit will "mature." You'll then have the option to withdraw your money, or you can "roll it over" into a new term deposit. If you choose to roll it over, the interest rate may be different from your original rate.
We offer terms from 3 months to 24 months.
Yes, you can have multiple term deposits, the minimum deposit amount applies per term deposit.
We're ready to help you
Important Information:
*Monthly interest is available only for a term of 12 months or more.
Interest rates are subject to change.
Footnotes:
- 1 Term Deposit rates available on balances over $5,000 with terms from 3 to 24 months.
- 2 For terms longer than 12 months, interest is paid at 12 months and then maturity.
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Railways Credit Union Limited trading as MOVE Bank | ABN 91 087 651 090 | AFSL/Australian credit licence 234 536 | BSB 724 100 | Swift code WPACAU2S