MOVE Bank logo
Mini meca 2024

MOVE Bank Growth Saver

Advertiser disclosure
Interest rate
0.10% p.a.(for $0 and over)
Maximum rate
5.50% p.a. (for $0 to $25,000)
Govt deposit guarantee
Yes up to $250,000

Mozo editorial review MOVE Bank Growth Saver - last updated: 26 March 2024

binocular icon
What's hot
  • 5.50% maximum interest rate
  • No monthly fees
  • Maximum interest rate available on balances of up to $25,000
What's not
  • Bonus interest on balances up to $25,000 only
Mozo snapshot

Looking for a savings account to deposit money into but not withdraw from, while also having a good interest rate to help you grow your savings? The Move Bank Growth Saver might be a good option for you. This savings account comes with a maximum interest rate of 5.50% p.a. if you deposit at least $200 and make no withdrawals from your account in the month.

key icon
Key features

If you are wanting a savings account that offers a competitive interest rate on savings of up to $25,000, the Move Bank Growth Saver could be a good choice for you. The Move Bank Growth Saver comes with a minimum interest rate of 0.10% p.a and a maximum interest rate of 5.50% p.a. To get the maximum interest rate, you will have to commit to depositing at least $200 a month and refrain from making any withdrawals from this account. This interest rate only applies to balances of up to $25,000 and interest is paid monthly.

Move Bank has an online banking facility, allowing you to access your savings whenever you want via phone or internet banking. This account does not charge any monthly fees and does not come with ATM or BPAY access. 

snapshot
Who is it good for

The Growth Saver could suit those looking for an account to deposit their savings into and not withdraw money for months at a time. At the same time it offers a competitive interest rate. 


question icon
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 0.10% interest on your balance. 


Details

Rates and fees information correct as at 15 April 2024. 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: 0.10% p.a.

Balances from $0: 5.50% p.a.
Balances from $25,000: 0.10% p.a.

Minimum deposit of $200 and no withdrawals in the month

Fees

$0.00

n/a

Unlimited internet transactions

n/a

n/a

n/a

n/a

n/a

n/a

n/a

$0.00

$0.00

Other financial bits

$0.00

$0.00

Monthly

Features

no

n/a

no

no

no

no

no

no

yes

yes

no

none

none

none

Customer Reviews

How are MOVE Bank savings accounts rated by the Mozo community?

Overall
Price
Features
Customer service
Convenience
Trust

About MOVE Bank

Thumbnail icon for Rabobank
Rabobank

High Interest Savings Account

5.75% p.a. (for $0 to $250,001)

4.40% p.a.(for $0 to $250,001)

Yes up to $250,000

Thumbnail icon for Macquarie
Macquarie

Savings Account

5.35% p.a. (for $0 to $250,000)

4.75% p.a.(for $0 to $1,000,000)

Yes up to $250,000

Thumbnail icon for IMB Bank
IMB Bank

Reward Saver Account

5.25% p.a. (for $0 to $1,000,000)

0% p.a.(for $0 and over)

Yes up to $250,000

Thumbnail icon for AMP Bank
AMP Bank

AMP Saver Account

5.40% p.a. (for $0 to $250,000)

1.20% p.a.(for $0 to $5,000,000)

Yes up to $250,000

Thumbnail icon for ubank
ubank

Save Account

5.10% p.a. (for $0 to $250,000)

0.10% p.a.(for $0 and over)

Yes up to $250,000

Thumbnail icon for First Option Bank
First Option Bank

Savings+Bonus

5.00% p.a. (for $0 to $250,000)

2.00% p.a.(for $0 to $250,000)

Yes up to $250,000

Thumbnail icon for Unity Bank
Unity Bank

MoneyMAX

No Current Offer

4.75% p.a.(for $1 and over)

Yes up to $250,000

Thumbnail icon for MyState Bank
MyState Bank

Bonus Saver Account

5.00% p.a. (for $0 to $250,000)

0.05% p.a.(for $0 and over)

Yes up to $250,000

Thumbnail icon for Rabobank
Rabobank

High Interest Savings Account

5.75% p.a. (for $0 to $250,001)

Yes up to $250,000

4.40% p.a.(for $0 to $250,001)

Thumbnail icon for Macquarie
Macquarie

Savings Account

5.35% p.a. (for $0 to $250,000)

Yes up to $250,000

4.75% p.a.(for $0 to $1,000,000)

Thumbnail icon for ubank
ubank

Save Account

5.10% p.a. (for $0 to $250,000)

Yes up to $250,000

0.10% p.a.(for $0 and over)

Thumbnail icon for AMP Bank
AMP Bank

AMP Saver Account

5.40% p.a. (for $0 to $250,000)

Yes up to $250,000

1.20% p.a.(for $0 to $5,000,000)

Thumbnail icon for First Option Bank
First Option Bank

Savings+Bonus

5.00% p.a. (for $0 to $250,000)

Yes up to $250,000

2.00% p.a.(for $0 to $250,000)

Thumbnail icon for IMB Bank
IMB Bank

Reward Saver Account

5.25% p.a. (for $0 to $1,000,000)

Yes up to $250,000

0% p.a.(for $0 and over)

Thumbnail icon for Unity Bank
Unity Bank

MoneyMAX

No Current Offer

Yes up to $250,000

4.75% p.a.(for $1 and over)

Thumbnail icon for MyState Bank
MyState Bank

Bonus Saver Account

5.00% p.a. (for $0 to $250,000)

Yes up to $250,000

0.05% p.a.(for $0 and over)

Thumbnail icon for IMB Bank
IMB Bank

Reward Saver Account

0% p.a.(for $0 and over)

5.25% p.a. (for $0 to $1,000,000)

Yes up to $250,000

Thumbnail icon for MyState Bank
MyState Bank

Bonus Saver Account

0.05% p.a.(for $0 and over)

5.00% p.a. (for $0 to $250,000)

Yes up to $250,000

Thumbnail icon for Auswide Bank
Auswide Bank

Ziggy Kids Saver

0.01% p.a.(for $0 and over)

3.01% p.a. (for $0 and over)

Yes up to $250,000

Thumbnail icon for ANZ
ANZ

Progress Saver

0.01% p.a.(for $0 and over)

4.25% p.a. (for $0 and over)

Yes up to $250,000

Compare other savings accounts