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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Retirement

Enjoy flexibility of an at call account with a competitive interest rate.

The Retirement account is the smart option for pensioners and those over 55.

                                                                                                                       

Interest Rates

Account Interest Rates
Up to $25,000 0.25% p.a.  
Over $25,000 to $50,000 3.00% p.a.
Over $50,000 1.50% p.a.  

 

How much can I save?

Deposit Planner

Product Features:

Everyday Banking
Monthly fee : $0
Mutual Visa Debit Card : Available
ATM/Eftpos access : Yes
Internet banking : Yes
The Mutual App : Yes
NPP/PayTo/PayID/Osko® : Yes
BPAY® : Yes
Mutual Alerts : Available
Bank@Post : Yes, with a linked Mutual Visa Debit Card
Interest : Calculated daily, paid monthly
Minimum opening balance : $0

Things to note...

View all Interest Rates

View Fees and Charges

View Target Market Determinations

Compare Everyday Accounts

Use the Mutual App to access your savings

View Important Documents

We're ready to help you

Important Information

® Registered to BPAY Pty Ltd ABN 69 079 137 518

  • 1 Interest is calculated by applying the daily percentage rate to the different portions of the daily balance and paid monthly on the last day of each month. The daily percentage rate is the applicable annual percentage rate divided by 365. Penalty Interest will be charged at a rate of 20.00% per annum on overdrawn savings accounts. This penalty interest will be calculated daily and charged on a monthly basis.

    

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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.