MOVE Bank named Australia’s Best Small Mutual Bank for 2021
It’s time to give MOVE Bank another round of applause, as they’ve just taken out the title of Australia’s Best Small Mutual Bank for the second year in a row.
“Whenever we see banking providers winning our awards year after year, it’s a sign that the products and services they provide are consistently presenting great value to customers as the market and competition shifts over time,” Mozo Expert Judge, Peter Marshall said.
The Australia’s Best Banking winners are chosen based on how their banking products have performed over the last 12 months of Mozo Experts Choice Awards.
Our researchers and Expert Judges get into the nitty gritty details of a huge number of award categories to see how banks have fared over the last year. They also look at the ranking of products which didn’t win awards for a well-rounded view of the financial institutions being considered.
In 2021, 89 providers underwent this assessment so we could bring you the absolute best of the banking bunch.
“MOVE Bank’s back-to-back gold medals show just how well they continue to perform. Over the last year they’ve taken out wins in some of the major Mozo Experts Choice Award categories, including credit cards, home loans, deposits and personal loans,” Marshall said.
Check out some of MOVE Bank’s products below for an overview of what this multi award-winning provider has to offer.
Popular MOVE Bank products
Low Rate Credit Card
- Low 8.99% p.a. purchase rate
- Up to 45 days interest-free
- $0 annual fee in the first year
With a low 8.99% p.a purchase rate and up to 45 interest-free days to pay down your balance, this credit card has the essential features you might be looking for in low-rate plastic fantastic. There’s no annual fee in the first year (it’s $59 thereafter) and if you’ve got debt you need to manage, there’s also a 6 month balance transfer period with 0% p.a. interest. Just watch out for the $15 late payment fee and 2% foreign currency conversion fee for overseas purchases.
- 0.85% bonus interest rate
- Unlimited free transactions
- Low monthly deposit requirement
The MOVE Bank Bonus Saver could help you reign in your spending and meet your monthly savings goals. You’ll be looking at a maximum interest rate of 0.85% when you deposit at least $200 a month and make no withdrawals, meaning there’s incentive to save more and spend less. If you’ve got a sizeable nest-egg, keep in mind the maximum rate only applies to balances up to $250,000.
3Y Fixed Rate
- 1.89% (3.14% comparison rate*) 3-year fixed rate for refinancers
- Free extra repayments (up to $10,000 a year)
- No ongoing service fees
With this great value MOVE Bank home loan you can lock in a solid 3-year fixed rate of 1.89% p.a. (3.14% p.a. comparison rate*), not pay any no ongoing fees and be able to make free extra repayments of up to $10,000 a year. You’ll only need a 5% deposit to take out this low-cost loan, which is great news for refinancers looking for an appealing mortgage to switch to. Just remember there is a $450 application fee, and once the fixed period ends, the loan will revert to a higher fixed rate of 3.65% p.a.
Want to learn more about MOVE Banks' big win and the other top banks of 2021? Head to the Mozo Experts Choice Best Banking Award page for all the details.
* WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
** Initial monthly repayment figures are estimates only, based on the advertised rate, loan amount and term entered. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.
^See information about the Mozo Experts Choice Bank Account Awards
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