Earn interest on your business savings to help your money grow.
Public Holiday: The Mutual Bank Branches and Contact Centre will be closed for the King’s Birthday Public Holiday on 9 June 2025. Scheduled payments will be made in advance on 7 June.
Earn up to
3.50
%
p.a.
Interest rate
Internet Saver bonus rate promotion
Ready to maximise your returns? Make success yours with our Internet Saver Business account and achieve your growth goals sooner.
Existing and new account holders can earn bonus interest on each new to bank deposit for 90 days made between 1 June and 31 August 2025.
Earn interest at 3.50% p.a.1
1.50% p.a.1 base interest rate + 2.00% p.a.1 bonus interest rate
Bonus interest is paid on new to bank money only. If no new money is deposited during the promotional period, only the base interest rate will apply. Withdrawals made during the promotional period will affect the bonus interest paid.
Find out more
Product Features:
Business Banking |
|
|---|---|
| Minimum opening balance : | $0 |
| Internet banking : | Yes |
| The Mutual App : | Yes |
| Mutual alerts : | Available |
| Interest : | Calculated daily, paid monthly |
| Tier | Interest rate |
| Up to $5,000 | 1.50% p.a. 1 |
| $5,000 and over | 1.50% p.a. |
- View all Rates & Fees
- View product Target Market Determinations
- Compare Business Accounts and Business Loans
- Use the Mutual App to manage your business
FAQs
Our business accounts are available to a wide range of entities, including sole traders, partnerships, companies, trusts, associations, and not-for-profits. Some accounts, such as trust accounts, are designed for specific industries like legal, real estate, or conveyancing services.
Most of our business accounts do not require a minimum opening balance. However, interest-earning accounts like the Business Maximiser or Internet Saver Business may have balance thresholds to qualify for interest.
Yes. All business accounts can be accessed through The Mutual App and Internet Banking, allowing you to view balances, transfer funds, pay bills, and download statements 24/7.
Yes. You can request a Mutual Visa Debit Card for eligible business accounts, such as the Business Maximiser or Business Cheque Account. This allows you to make purchases in-store, online or over the phone.
Yes. Our Business Maximiser, Internet Saver Business, and Farm Management Deposit accounts offer competitive interest on eligible balances. Interest is calculated daily and paid monthly or at maturity, depending on the account.
Between 1 June 2025 and 31 August 2025, we will be running a “New Money Bonus Interest Rate” promotion. The promotion applies to the Internet Saver and Internet Saver Business accounts only.
During these dates, existing and new account holders have the opportunity to earn a bonus rate when they deposit money that is new to the bank.
This means money that has come from an external source and not an internal transfer between your other accounts you hold with The Mutual Bank. The Bonus interest rate will be paid for 90 days on each deposit made.
The bonus interest rate is 2%. Each time a Member makes a new money deposit they will receive bonus interest for 90 days on each deposit not the entire account balance. For example, if they make a new money deposit on the 1 June 2025, they will receive bonus interest on that deposit for 90 days. If they make a deposit on 31 August 2025 they will receive bonus interest for 90 days on that deposit. Bonus interest is calculated daily and paid monthly.
No. The bonus interest will be paid on the whole amount of new money deposited.
If you make a deposit which is considered new money, the withdrawal amount will be first deducted against the first new money amount deposited and then the next and so forth until the total withdrawn amount has been deducted.
Please note, that when a withdrawal is made and taken against a new money deposit, the bonus interest will be applied on the new amount not on the original deposited amount from that date forward. For example, John deposits $30,000 on 1 June. On 10 June John withdraws $10,000. John will receive 2% bonus interest on the $30,000 up until the $10,000 withdrawal, and then they will receive 2% bonus interest on the $20,000 until the 90 days interest period is finished (unless John does another withdrawal and the same process will occur.)
WHY US
The Mutual Bank has been supporting our local community with trusted banking for over 135 years
We’re proudly member-owned, which means we exist to benefit you - not external shareholders. Whether you're opening your first account or planning for the future, we’re here with genuine service, great-value products and the kind of care only a mutual can offer.
We're here to help
Important Information
