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Christmas is a great time of the year - giving and receiving gifts, spending time with family and friends, maybe you are planning a holiday. Save a little each week and access your savings at the festive time of the year.

0.25 % 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 : Yes

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 to the different portions of the daily balance and paid 6 monthly on 30 June and 31 December. The daily percentage rate is the applicable annual percentage rate divided by 365.
  • 2 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.
  • 3 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.
  • 4 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.