Got questions?

If you have any questions about your loan or saving options refer to the FAQ links, or call a savings specialist.

Member Care Centre
1300 362 216
ENQUIRE ENQUIRE

At MOVE we’ve developed a savings account specifically to help you save the deposit for your new home. Called The First Home Saver Club Account, it helps you keep your home savings separate from your ‘everyday’ funds.

You earn a high rate of interest, calculated daily and paid monthly. Your funds are held ‘at call’ so you can access them when you need them. There is no minimum deposit, so you can get started straight away.

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Products for you

There’s a savings account to suit your requirements:
First Home Saver Club

Things to consider when you're thinking about saving for a home deposit

Automatic payment into savings account from salary

Saving for a deposit can be difficult, but there are tools out there to help. MOVE, for example, has a First Home Savers Club Account that automatically sets aside a portion of your income into a separate account for your first home deposit.

Home loan application process - how do I buy at auction with MOVE?

You could be eligible for a home loan preapproval - check your eligibility. You can use this at an auction once you have successfully been granted preapproval.

WHAT DOES THIS MEAN?

Settlement

Settlement of your new house occurs when your lender meets with the sellers and your legal and banking representatives to finalise the purchase of your property for you. Once settlement has occurred the property is legally yours and you can arrange to pick up the keys and move in!

LVR

LVR is the amount of money you are borrowing compared to the value of the property. To calculate your LVR, divide the amount you will need to borrow by the appraised value of the property. If your LVR is higher than 80% (meaning your deposit is less than 20%) you will likely be required to pay Lenders Mortgage Insurance (LMI).

Automatic payments

When saving for a deposit for a home, it is important to consider the most effective means of saving. With a specialised savings account designed for first home savers, such as MOVE’s First Home Savers Club Account, automatic payments will be taken from your earnings and put into a separate account. Less worry for you, more savings for your first home!

Got questions?

If you have any questions about your loan or saving options refer to the FAQ links, or call a savings specialist.

Member Care Centre
1300 362 216
ENQUIRE ENQUIRE
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Brisbane Central Station
Ground Floor, RC2, Plaza Level
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