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Looking for a savings account that encourages good saving habits?

Our Bonus Saver account allows you to earn interest if you make one deposit and no withdrawals in a calendar month.

3.75 % p.a. Interest rate

How much interest would I earn?


Deposit Planner

Product Features:

Savings and Investments
Minimum opening balance : $0
Internet banking : Yes
The Mutual App : Yes
Mutual Alerts : Available
Interest : Calculated daily, paid monthly

Things to note...

Express Savings

The Mutual Bank’s Express Savings transaction account makes everyday banking easy.

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 applicable to the daily balance to the entire balance and paid on the last day of every month. Interest will be calculated and paid if there has been at least one deposit and no withdrawals on the account during the calendar month. Interest credits from this account do not constitute a deposit. If this condition is not met, no interest will be paid for that month. The daily percentage rate is the applicable annual percentage rate divided by 365.
  • 2 The interest rate offered to you will be personalised depending on our credit assessment of your financial situation. The interest rate shown is the minimum interest rate that may be applicable.
  • 3 Comparison rate is based on a secured loan of $30,000 over 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.