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.



Log on

Term Deposits

Watch your savings soar with our Term Deposits

Term Deposits

Earn a higher rate of interest on your savings with a Term Deposit. A Term Deposit is a secure way to grow your savings with fixed terms available to suit your needs.

4.35 % p.a. Interest rate

Find out more

Product Features:

Savings and Investments
Minimum opening balance : $1,000
Choice of fixed terms : 1 month to 3 years
Interest payment frequencies : At maturity, monthly, quarterly, half yearly or annually
Investment Term Interest Payment Frequency $1,000 to $499,999 $500,000 to $1,000,000
1 month at maturity 1.45% p.a. 1.50% p.a.
2 months at maturity 1.95% p.a. 2.00% p.a.
3 months at maturity 4.05% p.a. 4.10% p.a.
4 months at maturity 2.95% p.a. 3.00% p.a.
5 months at maturity 2.95% p.a.   3.00% p.a.
6 months at maturity 4.35% p.a. 4.35% p.a.
7 months at maturity 2.95% p.a. 3.00% p.a.
8 months at maturity 2.95% p.a. 3.00% p.a.
9 months at maturity 3.95% p.a. 4.00% p.a.
10 months at maturity 2.95% p.a. 3.00% p.a.
11 months at maturity 2.95% p.a. 3.00% p.a.
12 months monthly 3.85% p.a. 3.90% p.a.
12 months quarterly 3.85% p.a. 3.90% p.a.
12 months half yearly 3.90% p.a. 3.95% p.a.
12 months at maturity 3.95% p.a. 4.00% p.a.
24 months monthly 3.90% p.a. 3.90% p.a.
24 months quarterly 3.90% p.a. 3.90% p.a.
24 months half yearly 3.95% p.a. 3.95% p.a.
24 months annually 4.00% p.a. 4.00% p.a.
36 months monthly 3.70% p.a. 3.70% p.a.
36 months quarterly 3.70% p.a. 3.70% p.a.
36 months half yearly 3.75% p.a. 3.75% p.a.
36 months annually 3.80% p.a. 3.80% p.a.

 

Documents or Information View or Download
Interest Rates Rates
Target market determinations Target Market Determinations
Important document  Important Documents

 

Interest Rates

Term Deposits

Watch your savings grow with our Term Deposit investment options. For investment enquiries over $1,000,000 please contact our Members Services team on 1300 688 825. 

 

Savings calculators

Want to explore the numbers? Estimate your projected savings, plan your budget and more with our range of helpful calculators.

 

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.

Object reference not set to an instance of an object.

We're here to help

  • Contact Us

    Have a question or need support? Our local team is ready to help.

  • Enquiry Forms

    Send us your request or feedback anytime using our secure online forms.

  • Explore FAQs

    Looking for a quick answer? Browse our most frequently asked questions.

  • Mutual App

    Bank on the go with The Mutual App - fast, secure and easy to use.

  • 1 Interest on Term Deposits is calculated by applying the daily percentage rate to the account balance and paid at intervals as specified in the tables above. A reduced interest rate applies if term deposits are redeemed before Maturity Date. The reduced interest rate is 0.10% per annum calculated from the date the account was opened to the date of early redemption. The daily percentage rate is the applicable annual percentage rate divided by 365.
  • 2 #Comparison rate calculated on a loan amount of $150,000 over a term of 25 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. For variable rate interest-only loans, the comparison rate calculation is based on an initial 5-year interest-only term. For fixed rate interest-only loans, the comparison rate calculations are based on an initial interest-only term equal to the fixed rate term.
  • 3 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.

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.

Interest on Term Deposits is calculated by applying the daily percentage rate to the account balance and paid at intervals as specified in the tables above. A reduced interest rate applies if term deposits are redeemed before Maturity Date. The reduced interest rate is 0.10% per annum calculated from the date the account was opened to the date of early redemption. The daily percentage rate is the applicable annual percentage rate divided by 365.

    

Home | Privacy Policy | Important Documents | CDR Policy | Contact Us | Lost or Stolen Cards | Website Terms of Use | Whistleblower Policy

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.