MOVE Bank Growth Saver account

  • Richard Whitten's headshot

Updated
Fact checked
MOVE Bank Growth Saver
8.7
Finder Score
Great

We currently don't have this product on Finder

Maximum variable rate
4.75% p.a.
Base interest rate
0.10% p.a.
Minimum deposit
$200

Our verdict

MOVE Bank's Growth Saver offers a high interest rate and easy-to-meet account conditions. But the maximum balance is very low.

With a rate of 4.75%, MOVE Bank's Growth Saver account has one of the market's more competitive rates.


And it's easy to get because you only need to deposit $200 a month and make no withdrawals. But the maximum account balance is just $25,000. This makes it a suitable account for people looking to grow a small amount of savings. Anyone who already has a large amount of money saved should look elsewhere.

Pros

  • No monthly fees.
  • Flexible access with no fixed term and funds available 24/7.

Cons

  • ATM and BPAY access not available reducing some transaction options.
  • Online statements only which may not suit users who prefer physical statements.

In this guide

  • Our verdict
  • Details
    • Product details
  • Key features
  • How to apply
  • Your reviews
  • Ask a question

Details

Product details

Product Name MOVE Bank Growth Saver
Maximum Variable Rate 4.75% p.a.
Standard Variable Rate 0.10% p.a.
Monthly Account Fee $0
Minimum Age 12

Key features

Maximum variable interest rate of 4.75%

MOVE Bank's Growth Saver has a rate of 4.75% if you deposit $200 a month and make no withdrawals.

Interest is calculated daily and paid monthly.

Minimum and maximum balance

The Growth Saver has a minimum balance of just $1. There is a maximum balance of $25,000.

How to apply

You can apply online via MOVE Bank's website or via phone.

Eligibility

You are eligible for the MOVE Bank Growth Saver account if:

  • You are 12 or older
  • You are using the Growth Saver account for personal use

Sources

Your reviews

No reviews yet. Write a review

Ask a question

Ask a question
Avatar

Richard Finder

Senior Money Editor

Hi there, looking for more information? Ask us a question.

Error label

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked
Accept and continue

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms Of Service and Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.

Avatar

Richard Whitten

Senior Money Editor

Richard Whitten is Finder’s Senior Money Editor, with over eight years of experience in home loans, property, credit cards and personal finance. His insights appear in top media outlets like Yahoo Finance, Money Magazine, and the Herald Sun, and he frequently offers expert commentary on television and radio, helping Australians navigate mortgages and property ownership. Richard started his career in education and textbook publishing in South Korea. He holds multiple industry certifications, including a Certificate IV in Mortgage Broking (RG 206) and Tier 1 and Tier 2 certifications (RG 146), as well as a Bachelor of Education from the University of Sydney and a Graduate Certificate in Communications from Deakin University. See full profile

More resources on Finder
Banking
Investments
Banks
Go to site
Ask Frankie AI