Our Edgeworth Branch is temporarily closed during the Hunter Region’s lockdown. The Mutual Bank sincerely apologises for any inconvenience caused. Please contact our Member Services Team on 1300 688 825 for more information or support.
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Latest News
Financial Strength To Support Members, Community
A summary of our 2021 financial year results.
Beware ‘Flubot’ Scam Text Messages
Since August, Australians have increasingly been receiving scam text messages about missed calls, voicemails, or deliveries.
Welcoming our new Chief Financial Officer
After an extensive search, The Mutual Bank has appointed local leader, Aleisha Taylor, as Chief Financial Officer.
Important Information
Footnotes:
- 1 The Discounted Variable Rate Home Loan interest rate on the Owner Occupied - Package Home Loan Variable Rate Home Loan is available for new borrowers applying for Owner Occupied - Package Home Loan Variable Rate Home Loan with principal and interest repayments, a minimum balance of $150,000 and the loan security Loan to Value Ratio (LVR) of less than 90% as approved by The Mutual Bank. The Discounted Variable Rate Home Loan interest rate reverts to the Owner Occupied- Package Home Loan Variable Rate Home Loan interest rate at the end of the 12 month discount period.
- 2 Each of the above comparison rates is calculated on the basis that the loan is secured with repayments made at monthly intervals. Comparison rate calculated on the loan amount of $150,000 for 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. NOTE: All loans are subject to The Mutual Bank's lending guidelines. Full details of Terms and Conditions are available on application. Eligibility criteria, conditions, fees and charges apply to all loans.
- 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 $1.00 deposited 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.
- 4 On expiry of the Package Home Loan Fixed rate period the rate will revert to your prevailing Owner Occupied Package Home Loan Variable Rate.
