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.
3.50
%
p.a.
Interest rate
Reward your savings discipline with bonus interest
The Bonus Saver account is designed to encourage regular saving habits. By making at least one deposit and no withdrawals in a calendar month, you can earn a competitive interest rate helping your savings grow faster.
Product Features:
Savings and Investments |
|
|---|---|
| Minimum opening balance : | $0 |
| Internet banking : | Yes |
| The Mutual App : | Yes |
| Mutual Alerts : | Available |
| Interest : | Calculated daily, paid monthly |
| Bonus saver | Interest rate |
| All Balances | 3.50% p.a. |
| Document or Information | View or Download |
| Fees, charges and limits | Download PDF → |
| Target market determinations | Learn more → |
| Interest rates | Learn more → |
| Important documents | Learn more → |
| Compare all everyday accounts | Compare now → |
As an authorised deposit-taking institution, deposits with The Mutual Bank are protected by the Australian Government’s Financial Claims Scheme (FCS).
The FCS provides protection to deposit-holders with Australian incorporated banks, building societies and credit unions (known as authorised deposit-taking institutions or ADIs), and general insurance policyholders and claimants, in the unlikely event that one of these financial institutions fails.
The FCS, which has also been referred to as the Australian Government deposit guarantee, is a government-backed safety net for deposits of up to $250,000 per account holder per ADI. It enables account holders’ quick access to deposits that are protected under the FCS.
Yes. Once you are registered for Internet Banking you can use your smart device to access your banking. The Mutual App is available to download in the App Store or Google Play. You can transfer money between your own accounts instantly, make BPAY and OSKO payments, set up savings goals and track your spending across expense categories – and so much more.
Please contact us if you would like to arrange a Visa Debit Card with your account.
Our Visa Debit Card allows you to use your Everyday Account at ATMs, online and anywhere in the world Visa is accepted. Our Visa Debit Card is made of plants, not plastic with features that are sustainable and accessible.
We make it simple for you to switch to our Everyday Account. We can organise to transfer your incoming payments (such as your wages or Centrelink) and any regular payments coming out of your account (such as electricity or gym membership). Talk to our team to do the work for you.
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.
Download The Mutual App
Bank anywhere, anytime
Access your accounts on the go with the Mutual app. Check your balance, transfer money, pay bills and more, all from your smartphone.
