MOVE Bank Bonus Saver
0.55% p.a.(for $0 and over)
1.75% p.a. (for $0 to $250,000)
MOVE Bank Bonus Saver
0.55% p.a.(for $0 and over)
1.75% p.a. (for $0 to $250,000)
MOVE Bank Bonus Saver
0.55% p.a.(for $0 and over)
1.75% p.a. (for $0 to $250,000)
Mozo Review MOVE Bank Bonus Saver Review
Last updated: 1 April 2020.
What's hot:
1.75% p.a. maximum interest rate
2020 Mozo Experts Choice Award
No monthly fees
What's not:
Bonus interest on balances up to $250,000 only
Mozo snapshot:
Finding yourself constantly dipping into your savings? The 2020 Mozo Experts Choice Award winning Move Bank Bonus Saver could be just the account to help you reign in your spending and meet your savings goals for the year. So long as you deposit at least $200 and make no withdrawals in the month, you’ll be looking at a maximum interest rate of 1.75% p.a.
Key features:
If you’re the type that needs a little encouragement when saving money, the Move Bank Bonus Saver could be a good fit. Its standard interest rate sits at 0.55% p.a., but if you can commit to depositing at least $200 a month and refrain from making any withdrawals, you’ll be rewarded with the maximum rate of 1.75% p.a. This puts it among the best value savings accounts in our database, but remember the maximum rate only applies to balances of up to $250,000.
Opening an account is hassle-free and should only take 5-10 minutes. You’ll need to be a permanent Australian resident and to help the process along you should have a few documents handy, such as your driver’s licence, passport and / or Medicare card.
Once you’re set up, your savings will be accessible whenever you want via phone and internet banking. There are no limits to how much you can withdraw each day via ATM, and BPay is available for when it comes time to pay any bills.
Who it's good for:
The Bonus Saver would suit those looking for an account that rewards good savings habits with competitive returns.
Any catches?
As mentioned above, to receive the maximum interest rate, you’ll need to deposit at least $200 a month and make no withdrawals. If you fail to meet these conditions, you’ll only receive 0.80% on your balance.
Details
Rates and fees information correct as at 2 April 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.Rates
-
Balances from $0: 0.55% p.a.
-
Balances from $0: 1.75% p.a.
Balances from $250,000: 0.55% p.a. -
Minimum deposit of $200 and no withdrawals in the month
Fees
-
$0.00
-
n/a
-
Unlimited phone and internet transactions
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
$0.00
-
$0.00
-
n/a
Other financial bits
-
$0.00
-
$0.00
-
Monthly
Features
-
no
-
none
-
no
-
no
-
no
-
no
-
no
-
yes
-
yes
-
yes
-
no
-
none
-
none
-
none
Customer Reviews
How are MOVE Bank savings accounts rated by the Mozo community?
Promoted
AMP
Saver Account
2.65% p.a. (for $0 to $500,000)
1.05% p.a.(for $0 to $5,000,000)
$0.00
Promoted
Macquarie
Savings Account
2.65% p.a. (for $0 to $250,000)
1.35% p.a.(for $0 to $25,000)
$0.00
Promoted
MyState Bank
Bonus Saver Account
2.00% p.a. (for $0 to $250,000)
0.30% p.a.(for $0 and over)
$0.00
Promoted
Bank of Queensland
Fast Track Saver Account
2.00% p.a. (for $1 to $250,000)
0.20% p.a.(for $1 and over)
$0.00
Promoted
IMB Bank
Reward Saver Account
1.75% p.a. (for $5,000 and over)
0% p.a.(for $0 and over)
$0.00
Promoted
Suncorp
Growth Saver Account
1.90% p.a. (for $0 and over)
0.20% p.a.(for $0 and over)
$0.00
Promoted
Defence Bank
iSaver
1.70% p.a. (for $0 to $1,000,000)
0.05% p.a.(for $0 to $1,000,000)
$0.00
Promoted
HSBC
Serious Saver
1.85% p.a. (for $0 to $1,000,000)
0% p.a.(for $0 and over)
$0.00
Promoted
AMP
Saver Account
2.65% p.a. (for $0 to $500,000)
1.05% p.a.(for $0 to $5,000,000)
$0.00
Promoted
Macquarie
Savings Account
2.65% p.a. (for $0 to $250,000)
1.35% p.a.(for $0 to $25,000)
$0.00
Promoted
MyState Bank
Bonus Saver Account
2.00% p.a. (for $0 to $250,000)
0.30% p.a.(for $0 and over)
$0.00
Promoted
Bank of Queensland
Fast Track Saver Account
2.00% p.a. (for $1 to $250,000)
0.20% p.a.(for $1 and over)
$0.00
Promoted
Suncorp
Growth Saver Account
1.90% p.a. (for $0 and over)
0.20% p.a.(for $0 and over)
$0.00
Promoted
IMB Bank
Reward Saver Account
1.75% p.a. (for $5,000 and over)
0% p.a.(for $0 and over)
$0.00
Promoted
Defence Bank
iSaver
1.70% p.a. (for $0 to $1,000,000)
0.05% p.a.(for $0 to $1,000,000)
$0.00
Promoted
UBank
USaver with Ultra Transaction Account
1.85% p.a. (for $0 to $200,000)
0.79% p.a.(for $0 to $5,000,000)
$0.00
Promoted
MyState Bank
Bonus Saver Account
0.30% p.a.(for $0 and over)
2.00% p.a. (for $0 to $250,000)
Promoted
Bank of Queensland
Fast Track Saver Account
0.20% p.a.(for $1 and over)
2.00% p.a. (for $1 to $250,000)
Promoted
IMB Bank
Reward Saver Account
0% p.a.(for $0 and over)
1.75% p.a. (for $5,000 and over)
Promoted
Suncorp
Growth Saver Account
0.20% p.a.(for $0 and over)
1.90% p.a. (for $0 and over)
Promoted
Defence Bank
iSaver
0.05% p.a.(for $0 to $1,000,000)
1.70% p.a. (for $0 to $1,000,000)
Promoted
HSBC
Serious Saver
0% p.a.(for $0 and over)
1.85% p.a. (for $0 to $1,000,000)
Promoted
Citi
Online Saver
0.35% p.a.(for $0 and over)
2.05% p.a. (for $0 to $500,000)
Promoted
Bankwest
Hero Saver
0.01% p.a.(for $0 to $5,000,000)
1.50% p.a. (for $0 to $250,000)
