Compare MOVE Banking Accounts

Members of the Australian railway industry have been benefiting from exclusive banking products from MOVE Bank for over 40 years.

MOVE Bank has been a financial services provider for the Australian railways workforce since 1968. Through them, members can access a number of different banking accounts, each designed to suit a particular need. Employees of the Australian railway industry and their families are welcome to join and take advantage of any of credit union’s financial products and services.

• Transaction accounts
• Savings accounts interest rates
• Term deposits interest rates
• How do MOVE Bank savings accounts compare?

Rates last updated October 17th, 2018

Initial Deposit

$

Number of months

1 2 3 4 5 6 7 9 12 24 36 48 60

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Name	Product	3 Mths p.a.	4 Mths p.a.	6 Mths p.a.	12 Mths p.a.	24 Mths p.a.	36 Mths p.a.	Min Deposit	Interest Earned
MOVE Bank Term Deposit		2.30%	2.35%	2.40%	2.50%	2.60%	-	$5,000		More	Compare	loading Fetching your data...

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Rates last updated October 17th, 2018

Monthly Deposit

$

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		Maximum Variable Rate p.a.	Standard Variable Rate p.a.	Bonus Interest p.a.	Fees	Min Bal / Min Deposit	Monthly Account Fee
	RaboDirect High Interest Savings Account Introductory rate of 3.05% p.a. for 4 months, reverting to a rate of 1.80% p.a. Available on balances below $250,000	3.05%	1.80%	1.25%	$0	$0 / $1		Go to site More
	HSBC Serious Saver Introductory rate of 3.10% p.a. for 4 months, reverting to a rate of 1.40% p.a. Available on balances below $1,000,000.	3.10%	1.40%	1.70%	$0	$0 / $0		Go to site More
	UBank USaver Earn up to 2.87% p.a. by linking your USaver account to a UBank Ultra transaction account and transferring at least $200 per month into either account. This offer is available on balances up to $200,000.	2.87%	1.81%	1.06%	$0	$0 / $0		Go to site More
	Citibank Online Saver Introductory rate of 3.05% p.a. for 4 months, reverting to a rate of 1.70% p.a. Available on balances below $500,000.	3.05%	1.70%	1.35%	$0	$0 / $0		Go to site More
	AMP Saver Account Introductory rate of 2.55% p.a. for 4 months, reverting to a rate of 2.10% p.a. Available on balances below $5,000,000.	2.55%	2.10%	0.45%	$0	$0 / $0		Go to site More
	HSBC Flexi Saver Account Ongoing, variable 2.50% p.a. when you deposit $300+ each month (other conditions apply). Available on balances up to $5,000,000.	2.50%	1.25%	1.25%	$0	$0 / $0		Go to site More
	AMP SuperEdge Saver Account Link to your SMSF. Ongoing, variable 2.05% p.a. when you link to AMP SuperEdge Cash Account or a different transaction account for your SMSF in another bank. Available on the entire balance.	2.05%	2.05%	0.00%	$0	$0 / $0		Go to site More
	ANZ SMSF Cash Hub This account is for SMSF trustees to access their SMSF cash balance, to make payments and investments, and to receive income to the one account.	1.50%	1.50%	0.00%	$0	$0 / $0		Go to site More

Who is MOVE Bank?

Whether it be an account that takes care of your daily expenses, or a special savings product to see you through Christmas, MOVE Bank services are competitive with what you find at larger banks. Through features such as Internet banking and Visa debit cards linked to your account, you have full access to your savings whenever you want or the option to earn higher interest with limited access through term deposit accounts.

You are able register for the MOVE Internet banking system over the phone to help with managing your finances. You will also be given an access code and a guide that will help you in getting accustomed to banking online. Once set up, you will be able to make transactions through a number of different features.

Notable features include:

• Around the clock availability and access to your accounts via desktop, mobile or myMOVE Bank APP
• Funds transfer between your different MOVE Bank accounts
• Transfer funds to and from other Australian financial institutions
• Check your balances, transactions, and earned interest on your savings account
• Use BPAY to pay your bills online
• Confirm when your pay has been deposited or a cheque has been presented
• Receive statements electronically

What transaction accounts are offered by MOVE Bank?

• Everyday Saver. This account allows you to manage your daily finances without any monthly account keeping fee. You have the option of choosing whether you interest is calculated on your daily balance or on the minimum monthly balance.
• Budget Saver. Using a fee-free structure, you can set aside the money you need to take care of your continuing expenses like home loan payments or your utility bills. This account also pays interest on the balance which is calculated on your minimum monthly balance and paid at the end of each month.

What high interest savings accounts are offered by MOVE Bank?

• Christmas Saver. The Christmas Saver gives you an easy way to prepare for the holiday shopping season by allowing you to add to the account during the entire year and have the money, plus the interest earned, transferred to your Everyday Saver on the last day of October.
• Express Saver. Keep your savings aside from your everyday money and earn the highest at call interest rate available. You can open this account with as little as one dollar and access your savings at any time you need to.
• First Home Saver Club Account. Designed specifically to help you meet your down payment needs, this high interest savings account has no fees and access to your money when you need with no penalty.

What term deposits are offered by MOVE Bank?

For a length of time that can range from three months to two years you can earn competitive interest on your savings at a fixed interest rate. The minimum deposit required by MOVE Bank is $5,000 with interest calculated daily and paid to you monthly or at one time when the term deposit reaches maturity.

What are the pros and cons of banking with MOVE Bank?

How do I apply for a MOVE Bank?

To open an account, you need to submit an application form online. A MOVE Bank representative will be in touch.