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Savings Account Interest Rates

Bonus Saver

Effective Date: 1 April 2025

Bonus Saver Account Interest Rate
All balances 3.75 % p.a.  

 

 

Mighty Mutual

Effective Date: 1 April 2025

Mighty Mutual Account Interest Rate
All balances 4.00 % p.a.  

 

 

Cash Management

Effective Date: 1 April 2025

Cash Management Account Interest Rate
Up to $5,000 0.00% p.a.
$5,000 and over 0.00% p.a.
$20,000 and over 0.01% p.a.
$50,000 and over 0.01% p.a.
$100,000 and over 0.05% p.a.
$200,000 and over 0.05% p.a.
$500,000 and over 0.05% p.a.

 

 

Christmas Club

Effective Date: 1 April 2025

Christmas Club Account Interest Rate
All balances   0.25 % p.a.  

 

 

Internet Saver

Effective Date: 1 April 2025

Internet Saver Interest Rate (p.a.)
Up to $25,000 1.75% p.a.
Over $25,000 to $50,000 2.75% p.a.  
Over $50,000 to $100,000 4.25% p.a.
Over $100,000 0.00% p.a.

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Learn more about The Mutual

  • 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 Interest is calculated by applying the daily percentage rate to the daily balance and paid monthly. Bonus Interest of 10% of the amount of interest earned is payable if there are no withdrawals for the month.* The daily percentage rate is the applicable annual percentage rate divided by 365.
  • 3 Interest is calculated by applying the daily percentage rate applicable to the daily balance to the entire balance and paid three monthly on 31 March, 30 June, 30 September and 31 December. The daily percentage rate is the applicable annual percentage rate divided by 365.
  • 4 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.
  • 5 Tiered interest rates apply: different interest rates apply to different portions of account balances. Interest rates are subject to change. Interest is calculated by applying the daily percentage rate applicable 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.

This is Part 3 – Deposit Interest Rate Schedule of the Product Disclosure Statement (PDS). It must be read in conjunction with: Part 1 - Key Features and Terms and Conditions and Part 2 - Schedule of Fees, Charges and Transaction Limits. You should consider the PDS in its entirety in deciding whether to acquire or continue to hold any of the products the subject of the PDS.

    

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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.