Set yourself up well for retirement with our range of savings and term deposit products
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Whether you're exiting the workforce soon or just planning ahead, it's important to make sure your hard-earned money is working for you.
At MOVE Bank, we have a range of accounts to help you set yourself up for a financially secure future.
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 |
Tiered Savings Accounts |
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Online banking : | Yes |
Phone banking : | No |
BPAY : | No |
ATM access : | No |
Maximum rate : | 5.50% pa |
Base rate : | 0.10% pa |
Minimum balance : | $1 |
Maximum balance : | $25,000 |
Monthly fee : | $0 |
Interest calculated : | Calculated on daily balance and paid monthly |
Bonus rate conditions : | 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 base interest rate will apply |
Statement options : | Online statements only |
Account eligibility : | Available for personal accounts only |
Tiered Savings Accounts |
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Online banking : | Yes |
Phone banking : | No |
BPAY : | Yes |
ATM access : | No |
Maximum rate : | 5.00% pa |
Base rate : | 0.10% pa |
Minimum balance : | $1 |
Maximum balance : | $250,000 |
Monthly fee : | $0 |
Interest calculated : | Calculated on daily balance and paid monthly |
Bonus rate conditions : | 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 base interest rate will apply |
Statement options : | Online statements only |
Account eligibility : | Available for personal accounts only |
Find out more about banking with us
For more information about our accounts, view our Summary of Accounts and Facilities
Information about the Financial Claims Scheme (also known as the Australian Government Deposit Guarantee) is available here
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We're here to make banking the way it should be.
Real conversations
Know that you can always speak to someone who will provide you with honest and genuine support.
Value for money
Our products are designed to be simple, flexible and offer exceptional value.
Member-focused
We are driven by our members and 100% of our profits are used to benefit you, not shareholders.
MOVE Bank is an authorised deposit-taking institution (ADI) regulated by APRA so eligible deposits are protected under the Financial Claims Scheme up to $250,000 for each account holder. Please see our Government Guarantee page for further information.
Members aged 12 years and above are eligible to join MOVE Bank as members or customers depending on their eligibility. They can open savings accounts and transaction accounts, and have the option to have a Visa Debit card attached to their transaction account. This account is opened in the child’s name and operated by them.
Only one dollar is required to open an account.
Deposits (Cheque and Internet Banking) over $2M are subject to acceptance criteria and negotiation.
Interest is calculated on the daily balance and paid monthly
If you have One Time Passwords activated on your account, your external transfer limits are:
External transfers - $5,000
BPay - $10,000
Osko - $5,000
If you do NOT have On Time Passwords activated, your external transfer limits are:
External transfers - $2,000
BPay - $5,000
Osko - $2,000
You can check your account balance using:
Internet banking
MOVE Bank App
Phone banking – call 1300 362 216 and select option 1
724 100
Mistaken internet banking payments that have transferred funds to an incorrect BSB and/or account number can be reported by phoning us on 1300 362 216 during business hours.
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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