The Mutual Bank offers two types of trust accounts:

  • Real Estate Trust Account: Offered to Licensed Estate Agents to hold clients funds pending settlement of purchases and rental payments deposited by tenants.
  • Solicitor’s Trust Account: Offered to Solicitors to hold client payments relating to property, conveyancing, estate settlements, investments and other trust monies.

Go to rates

Interest Rates:

Account   Interest Rate
 Real Estate Trust Account Over $1   0.225% p.a.  
 Solicitors Trust Account Over $1 0.35% p.a.

Product Features:

Business Banking
Account-keeping fees : $0
Internet banking : Yes
Interest : Interest earned on Real Estate Trust Account is paid to the Office of Fair Trading monthly after close of business at the end of the month as required by the Property, Stock and Business Agents Act, 2002. Interest earned on Solicitors Trust Account is paid to the Public Purpose Fund after the close of business at the end of the month as required by the Legal Profession Act, 2004.

Important Information

We have not considered your objectives, financial situation or needs. You should consider these things and the Product Disclosure Statement before making decisions. 

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