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.



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Business Cheque Account

Best value business transaction account with no annual fee.

Business Cheque Account

The Mutual Bank’s Business Cheque Account is our best value at-call account for business’s looking for fuss-free banking solutions.

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Interest Rates:

 Business Cheque Account Interest Rates
 Up to $2,000 0.00% p.a.
Over $2,000 to $5,000 0.00% p.a.
Over $5,000 to $20,000 0.00% p.a.  
Over $20,000 to $50,000 0.00% p.a.  
Over $50,000 0.01% p.a.  

 

Product Features:

Business Banking
Minimum opening balance : $0
Mutual Visa Debit Card : Available
Internet banking : Yes
The Mutual App : Yes
Mutual alerts : Available
Interest : Calculated daily, paid every six months
Payroll processing : Available via internet banking
Statement frequency : Monthly
Overdraft facility : Available upon application

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Term Deposit

Earn a higher rate of interest on your savings with a Term Deposit. 

Our offerings

Learn more about The Mutual

Important Information

We have not considered your objectives, financial situation, or needs. You should consider these things, along with the Product Disclosure Statement and our product Target Market Determinations before making any decision to acquire a product.

  • 1 Interest is calculated by applying the daily percentage rate to the different portions of the daily balance as set out and paid 6 monthly on 30 June and 31 December.
  • 2 Eligibility criteria, conditions, fees and charges apply to all loans. Full terms and conditions are available on application.

    

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Any advice or information on this site does not take into account your personal objectives, financial situation, or needs and you should consider whether it is appropriate for you. Please review our Product Disclosure Statement, Target Market Determinations, Terms and Conditions, Financial Services Guide, and Credit Guide before deciding to acquire a product.

Eligibility and lending criteria, conditions, fees, and charges apply to all loans. Interest rates, fees, and charges may change without notice. Information is current as at date of appearance and is subject to change. We use reasonable efforts to provide accurate and up to date information. However, mistakes may still occur from time to time and we cannot guarantee that this website is free from any errors, inaccuracies or omissions. Maitland Mutual Limited trading as The Mutual Bank ABN 94 087 651 983 AFSL/Australian credit licence 238139.

The Mutual Bank acknowledges the Traditional Custodians of Country across Australia and recognises their continuing connection to lands, waters and communities. We pay our respects to Aboriginal and Torres Strait Islander cultures and to Elders past and present.