Interest Rate Changes - Transaction Accounts

As part of the transition to transaction fee-free banking we are simplifying our current transaction accounts so that the interest rate, and the way it’s calculated, is the same for everyone. 

From 1 May 2018, the interest rate for all MOVE transaction accounts will be 0.01%. 

Trasnaction accounts include:

  • Everyday Saver S1
  • Everyday SAver S22 & S33
  • Insurance Accounts S5
  • Budget Accounts S6

Interest will be calculated daily and paid monthly.

Want to earn more interest on your balance?

If you've been keeping extra funds in your transaction account, why not move them to a high interest Express Saver Account? You'll still have the benefit of being able to access these funds 24/7 via internet banking, while earning more interest on your savings.

Plus if you ensure there is a minimum of $2,000 in your transaction accounts each month you'll also be eligible for transaction fee-free banking!


For more information about how you can take advantage of transaction fee-free banking please speak to one of our consultants on 1300 362 216 or email your questions to