Move Life April 2024 - Issue 34

Big Thank you to Scott and the team at MOVE, can’t speak highly enough…….Fantastic service, Nothing was too hard, having someone who knows what they’re doing and believes in good old customer service.

Bank impersonation scams have been a common tactic among fraudsters over the past 12 months.

2023 saw property prices continue to rise despite consistent interest rate rises and high inflation. As a result, the prospect of securing a property has become even more challenging. Here are our top 5 tips to help you get into the market sooner.

What's new at MOVE?

It is once again a pleasure to be introducing the latest edition of MOVE Life. 2023 was a year of challenges and triumphs, as the global landscape continued to evolve, presenting us with new challenges and opportunities. As we step into 2024, I wanted to take a moment to express my gratitude for your continued support, which remains the cornerstone of MOVE Bank's success.

Small Switch, Big Impact We recently invited members still receiving paper statements to make the switch to eStatements and we’re thrilled with the response! As part of our ‘Opt In and Branch Out’

At MOVE Bank, we're committed to providing our members with competitive rates when it comes to our range of savings and loan products.

The Reserve Bank has recently announced a 0.25% reduction in the official cash rate.  MOVE Bank is pleased to announce that, from 1 June 2025, we will be passing on the full 0.25% reduction to our existing members with Variable Rate Home Loans.  We are committed to supporting our members and providing competitive rates to help you achieve your home ownership goals and we'll continue to review our rates for new lending. If you are interested in discussing your current home loan or interested in how MOVE Bank can support you as a new member, we encourage you to connect with one of our ​specialist lenders.

At MOVE Bank, we're committed to providing our members with competitive rates when it comes to both our deposit and loan products.We have updated the interest rates across several of our Term Deposits

In a significant move to assist first home buyers, the Queensland Government has passed legislation eliminating stamp duty for those purchasing new builds, effective from 1 May 2025. This change is part of the Revenue Legislation Amendment Bill, aiming to provide major cost-of-living relief and make homeownership more attainable.