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Explore our Trust Accounts

Safely manage client funds with our specialised Trust Accounts designed for solicitors, conveyancers and real estate professionals who must meet strict regulatory requirements.

With The Mutual Bank, you can count on interest-earning trust accounts that align with industry standards, supported by secure digital access and personalised service from our experienced Business Banking team. Whether you're managing settlements, deposits or legal transactions, our trust account solutions offer the confidence and credibility your profession demands.

So, what are my options?

Features, Rates and Further Information

Product Features:

Business Banking
Minimum opening balance : $0
Internet banking : Yes
Interest : Interest earned on the Real Estate Trust Account and Conveyancers Trust Account is paid to the Department of Fair Trading monthly after close of business at the end of the month as required by the relevant regulating body. Interest earned on the Solicitors Trust Account and Solicitors Statutory Deposit Account is paid to the Law Society of New South Wales monthly after the close of business at the end of the month as required by the relevant regulating body.
Staff assisted transactions : Branch and Contact Centre

Interest Rates:

Account   Interest Rate
Real Estate Trust Account 3.465% p.a.  
Solicitors Trust and Solicitors Trust Statutory Deposit Account 3.45% p.a.
Conveyancer Trust Account 3.465% p.a.

 

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The Mutual Bank has been supporting regional communities with trusted banking for over 135 years

We’re proudly customer owned, which means we exist to benefit you. Not external shareholders. Whether you're opening your first account or planning for the future, we’re here with genuine service, great-value products and the kind of care only a mutual can offer.

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View and compare our Business Savings Accounts

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  • 1

    Offered to licensed agents holding client funds pending settlement of purchases and depositing of rental monies by tenants. Penalty Interest will be charged at a rate of 20.00% per annum on overdrawn accounts. This penalty interest will be calculated daily and charged on a monthly basis.

  • 2

    Offered to solicitors for holding client payments relating to property, conveyancing, estate settlements, investment and other trust monies. Penalty Interest will be charged at a rate of 20.00% per annum on overdrawn accounts. This penalty interest will be calculated daily and charged on a monthly basis.

  • 3

    Offered to licensed conveyancers who are required by law to hold client's money in a complying trust account. Penalty Interest will be charged at a rate of 20.00% per annum on overdrawn accounts. This penalty interest will be calculated daily and charged on a monthly basis.