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New Places in the newly named Home Guarantee Scheme

New Places in the newly named Home Guarantee Scheme

The Home Guarantee Scheme (HGS) is an Australian Government initiative to support first home buyers and single parents, with dependent children, to buy their home sooner. From 1 July 2022 the number of places available in the Scheme has increased to 40,000.

Changes to The Mutual Bank interest rates

Changes to The Mutual Bank interest rates

Following the Reserve Bank of Australia’s (RBA) recent increases to the official cash rate, The Mutual Bank has changed deposit and lending interest rates.

Meet our new Personal Banking Managers

Meet our new Personal Banking Managers

Helping deliver exceptional, personalised service are our two newly appointed Personal Banking Managers Zac Baylis and Cherylynn Cambridge – local people helping local people.

Important Information

Footnotes:

  • 1 Interest on Term Deposits is calculated by applying the daily percentage rate to the account balance and paid at intervals as specified in the tables above. A reduced interest rate applies if term deposits are redeemed before Maturity Date. The reduced interest rate is 0.10% per annum calculated from the date the account was opened to the date of early redemption. The daily percentage rate is the applicable annual percentage rate divided by 365.
  • 2 On expiry of the Package Home Loan Fixed rate period the rate will revert to your prevailing Owner Occupied Package Home Loan Variable Rate.
  • 3 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.