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Latest News
Building a Future of Mutual Support
As a member-owned bank, supporting our members and local community is a part of our DNA. This commitment spans all levels of our organisation, not only are our
Edgeworth Branch Now Open
The Mutual Bank branch at Edgeworth is now open. Member Service Supervisor Carolyn, and our friendly Member Services Team, are excited to welcome our Lake Macquarie members back into this exciting new location.
Sharon Howes joins The Mutual Bank Board of Directors
The Mutual Bank has announced the appointment of experienced executive and non-executive leader, Sharon Howes, to its Board of Directors. Appointed in November, Mrs Howes has joined the Board with around 30 years’ experience in executive leadership and business consultancy garnered through a career spanning manufacturing, energy, and resources in private, listed, and government sectors.
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.
