Interest Rates
Current interest rates on all MOVE Bank products
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We're committed to providing you with competitive interest rates when it comes to our range of savings and loan products.
Check out all the current rates on every MOVE Bank product.
Home Loans - Effective 15 August 2024
| Interest Rate | Comparison Rate | |
|
Principal and Interest |
||
| Everyday Variable Home Loan L1 (Maximum LVR 95%) | ||
| ≤80% LVR | 5.99% p.a. | 6.04% p.a. |
| 80.01% - 90% LVR | 6.14% p.a. | 6.19% p.a. |
| 90.01% - 95% LVR | 6.29% p.a. | 6.34% p.a. |
| Everyday Fixed Home Loan L1 (Maximum LVR 95%) | ||
| 1 Year | 5.99% p.a. | 6.04% p.a. |
| 2 Year | 5.94% p.a. | 6.03% p.a. |
| 3 Years | 5.84% p.a. | 6.00% p.a. |
| 5 Years | 6.04% p.a. | 6.06% p.a. |
| Offset Variable Home Loan L2 (Maximum LVR 95%) | ||
| ≤80% LVR | 6.19% p.a. | 6.24% p.a. |
| 80.01% - 90% | 6.34% p.a. | 6.39% p.a. |
| 90.01% - 95% | 6.49% p.a. | 6.54% p.a. |
| Offset Fixed Home Loan L2 (Maximum LVR 95%) | ||
| 1 year | 6.19% p.a. | 6.24% p.a. |
| 2 year | 6.14% p.a. | 6.23% p.a. |
| 3 year | 6.04% p.a. | 6.20% p.a. |
| 5 year | 6.24% p.a. | 6.26% p.a. |
| Standard Variable Home Loan L20 | 7.75% p.a. | 7.80% p.a. |
Interest Only available for Owner-Occupier construction loans for a maximum of 12 months.
Investment Loans - Effective 15 August 2024
| Interest Rate | Comparison Rate | |
|
Principal and Interest |
||
| Everyday Variable Home Loan L1 (Maximum LVR 90%) | ||
| ≤80% LVR | 6.14% p.a. | 6.19% p.a. |
| 80.01% - 90% LVR | 6.29% p.a. | 6.34% p.a. |
| Everyday Fixed Home Loan L1 (Maximum LVR 90%) | ||
| 1 Year | 5.99% p.a. | 6.17% p.a. |
| 2 Year | 5.94% p.a. | 6.15% p.a. |
| 3 Years | 5.84% p.a. | 6.10% p.a. |
| 5 Years | 6.04% p.a. | 6.14% p.a. |
| Offset Variable Home Loan L2 (Maximum LVR 90%) | ||
| ≤80% LVR | 6.34% p.a. | 6.39% p.a. |
| 80.01% - 90% | 6.49% p.a. | 6.54% p.a. |
| Offset Fixed Home Loan L2 (Maximum LVR 90%) | ||
| 1 year | 6.19% p.a. | 6.37% p.a. |
| 2 year | 6.14% p.a. | 6.35% p.a. |
| 3 year | 6.04% p.a. | 6.30% p.a. |
| 5 year | 6.24% p.a. | 6.34% p.a. |
| Standard Variable Home Loan L15 | 8.34% p.a. | 8.39% p.a. |
Interest Only available for Investment loans for a maximum of 5 years2. A premium of 0.20% is added to the applicable rate noted above.
Effective 29 May 2024
| Interest Rate | Comparison Rate | |
| Fixed New Car Loan L23 ~ | 6.45% p.a. | 6.72% p.a. |
| Green Fixed Car Loan L24 ^^ | 6.25% p.a. | 6.52% p.a. |
| Any Age Car Loan L12 | 10.69% p.a. | 10.97% p.a. |
| Personal Loan L11 | 13.74% p.a. | 14.80% p.a. |
| Flexi Personal Credit**** | 12.29% p.a. |
~Conditions: available only for new lending to MOVE Bank and excludes internal refinance.
**** When this account is in credit, interest is calculated and paid as per the SAVINGS rate for Everyday Saver S1, S22 or S33
^^ Loan must be secured by a vehicle which complies with MOVE Bank’s Green Vehicle Criteria available at movebank.com.au/gogreen. Loan is not available for internal refinance.
Effective 10 April 2019
| Purchase Rate | Cash Advance Rate | ||
| Low Rate Credit Card# S7 | 8.99% p.a. | 12.99% | More info |
# Terms and conditions apply including minimum credit limit, please see the Key Fact Sheet on our website for further details. All credit card applications are subject to credit assessment and approval. Fees and charges apply.
Transaction Accounts - Effective 19 February 2024
| Interest Rate | |
| Everyday Transaction S3 | 0.00% p.a. |
| Everyday Saver S1* | 0.01% p.a. |
| Everyday Saver S22 & 33* | 0.01% p.a. |
*Interest calculated on daily balance and paid monthly.
Savings Accounts - Effective 1 March 2024
| Variable Rate | Base Rate | |
| Online Saver S20^ | 4.40% p.a. | |
| Express Saver S50^ | 2.75% p.a. | |
| Christmas Saver Account S8+ | 1.50% p.a. | |
| Bonus Saver S10^# | 5.00% p.a. | 0.10% |
| Growth Saver S30^$ | 5.50% p.a. | 0.10% |
Interest rates on retired products can be viewed here
^Online Savings Accounts. Paper statements are not available for these accounts
*Interest calculated on daily balance and paid monthly.
+Interest calculated on the minimum monthly balance and paid on 31 October.
~ No credit interest will be paid to the savings account when it is an offset facility even where the credit balance exceeds the debit balance of the nominated loan account.
# 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.
Deposits (Cheque and Internet Banking) over $2M are subject to acceptance criteria and negotiation.
Effective 3 December 2024
| Term | Minimum $5,000 | Interest Paid | |
| 3 Months | 4.85% p.a. | At Maturity | More info |
| 4 Months | 4.80% p.a. | At Maturity | More info |
| 5 Months | 4.80% p.a. | At Maturity | More info |
| 6 Months | 4.80% p.a. | At Maturity | More info |
| 7 Months | 4.95% p.a. | At Maturity | More info |
| 8 Months | 4.75% p.a. | At Maturity | More info |
| 9 Months | 4.75% p.a. | At Maturity | More info |
| 10 Months | 4.75% p.a. | At Maturity | More info |
| 11 Months | 4.80% p.a. | At Maturity | More info |
| 12 Months | 4.70% p.a. | At Maturity | More info |
| 13 to 14 Months | 4.65% p.a. | Annually | More info |
| 15 to 23 Months | 4.30% p.a. | Annually | More info |
| 24 Months | 4.30% p.a. | Annually | More info |
| 12 Months | 4.60% p.a. | Monthly | More info |
| 13 to 14 Months | 4.55% p.a. | Monthly | More info |
| 15 to 23 Months | 4.20% p.a. | Monthly | More info |
| 24 Months | 4.20% p.a. | Monthly | More info |
Why choose us?
Footnotes:
- 1 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. 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.
- 2 Reverts to Owner Occupied or Investment Everyday Home Loan Variable <80% Rate. Minimum loan amount $100,000.
- 3 Reverts to Owner Occupied or Investment Offset Home Loan Variable <80% Rate. Minimum loan amount $100,000.
- 4 Alternate interest rate and LVR conditions apply to Interest Only loans. LMI may be required for loans over 80% LVR. Details are available upon application.
- 5 Available only for new lending to MOVE Bank and excludes internal refinance
- 6 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.
- 7 Loan must be secured by a vehicle which complies with MOVE Bank’s Green Vehicle Criteria available at movebank.com.au/gogreen. Loan is not available for internal refinance.
- 8 Comparison rate is based on an unsecured loan of $10,000 for a term of 3 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.
- 9 Different rates apply depending on the transaction type, including cash advances. See Key Features for details. Terms and conditions apply. All credit card applications are subject to credit assessment and approval. All rates are quoted per annum. Other fees and charges apply.
- 10 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 (prior to 5pm on the last day of the calendar month). Otherwise the base interest rate will apply.
- 11 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 (prior to 5pm on the last day of the calendar month). Otherwise the base interest rate will apply.
- 12 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