Changes to our summary of accounts, access facilities & transaction limits

We have made some changes to our summary of accounts, access facilities & transaction limits document as follows: Growth Saver (S30) - maximum balance is now $25,000, effective 1 October 2022. The MOVE Bank phone banking facility has been removed from online deposit products(S10, S20 and S30), effective 1 November, 2022. Internet Banking an...

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Scams Awareness Week - Let's talk scams!

Scams awareness is front of mind during the recent events of mass security breaches from Optus and Medibank - especially during this week of November, national Scams Awareness week. This year’s theme is ‘Let’s Talk Scams’. As Justice Louise Brandeis said, sunlight is the best disinfectant. Here are some excerpts from COBA...

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Savings Account Interest Rate Changes – Effective 1 November 2022

Savings Account Interest Rate Changes In line with the RBA’s recent announcement to increase the official cash rate, we are increasing the interest rate across our Savings accounts by up to 0.50% p.a., effective 1 November 2022. Product New Rate(Effective 1 November 2022) Base Rate Bonus Saver^# 2.95%* 0.10% ...

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Optus data breach

To our valued MOVE Bank members. As you may have heard in the media, Optus has reported a serious security data breach.  At this early stage what we know from announcements on the Optus and Australian Competition and Consumer Commission (ACCC) websites is that following a cyber-attack, full identity details for an undisclosed number of current and...

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Interest Rate Changes – Effective 1 September 2022

Savings Interest Rates – Effective 1 September 2022 In line with the RBA’s recent announcement to increase the official cash rate, we are increasing the interest rate across our savings accounts by up to 0.50% p.a., effective 1 September 2022. Product New Rate (Effective 1 September 2022) Base Rate Bonus Saver^# 2....

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Interest Rate Changes – 21 July 2022

Savings and Term Deposit Interest Rates – Effective 1 August 2022 In line with the RBA’s recent announcement to increase the official cash rate, we are increasing the interest rate across our savings accounts by up to 0.50% p.a., effective 1 August 2022. We have also increased the interest rate on several of our term deposits, effective 21 July 20...

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Updated Conditions of Use

We have updated our Conditions of Use to ensure it is compliant with the new Customer Owned Banking Code of Practice. The content changes are minor and include the following items. We also took the opportunity to refresh the format of the Conditions of Use. Changes in relation to using electronic verification Amendments to joint account operati...

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Deposit Account Interest Rate Changes – Effective 1 July

MOVE Bank is committed to offering members great value across our lending, investment and deposit product ranges. Due to the rising interest rate environment following an announcement from the RBA earlier in June, we will be increasing interest rates on several of our deposit accounts to ensure we are offering the best value products to our member...

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Home and Investment Loan Interest Rate Changes – Effective 23 June

MOVE Bank has changed rates on several variable and fixed home loan rates effective 23 June 2022. These changes follow the RBA’s decision to increase the official cash rate and apply to both owner-occupied and investment loans.   We’ve made some changes to our standard variable rate home and investment loans effective 23 June 2022. Standard V...

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