I chose Move as their savings interest is high. It's only online, which can be a bit of a drawback, and it can take a few days to withdraw funds across to my everyday account, but their customer service has been great and I haven't had any issues using the account.
This product is great for savings! The staff are friendly and always willing to help with your needs. The branch is also conveniently located at central station in Brisbane and their Internet banking is so easy and very secure. The fees are upfront and are made very clear to you. Their interest rate is in the top 5 of all banks on a permanent basis. The only con is that they aren't that great on transaction accounts.
Railways Credit Union is based in Brisbane so therefore there is no direct access to the main office for transactions, etc when you are in a regional centre like we are. You mainly use this account to pay bills and purchase items as it is sometimes hard to find the right bank to withdraw funds without getting charged fees.
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From 1 Feb 2022, minimum deposit of at least $250 in the previous month.
Bonus rate of 1.20%. Deposit $2,000 each month and make 5 eligible payments from your Go Account. If you are between 18 and 25 deposit $1,000.
Bonus rate when at least $20 is deposited each month and five Visa Debit transactions are made each month using linked Glide transaction account.
Make at least 1 deposit and no more than 1 withdrawal, including internal transfers or external payments.
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Mozo gives you the inside story on the best banking, energy and insurance products as rated by thousands of real customers around Australia. We don't make subjective judgments, nor do advertisers influence our ratings. Although our reviews may be moderated to improve quality standards, they are moderated independently of any of Mozo’s commercial relationships.