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Sovereign Term Deposit

Secure your savings with a guaranteed rate, for a term that suits you.

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A Sovereign Term Deposit with The Mutual Bank is a simple and secure investment account for those looking to invest over $100,000 with terms available from thirty days to three years.

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How much interest would I earn?

Interest Rates

 Investment Term Interest Payment Frequency   Sovereign Account
($100,000 to $200,000)		 Sovereign Plus Account
(Over $200,000) 
 30 - 59 days  at maturity 0.10% p.a.   0.10% p.a.
60 - 89 days at maturity 0.10% p.a. 0.10% p.a.
90 - 119 days at maturity 0.20% p.a. 0.20% p.a.
120 - 149 days at maturity 0.20% p.a. 0.20% p.a.
150 - 179 days at maturity 0.20% p.a. 0.20% p.a.
180 - 269 days at maturity 0.30% p.a. 0.30% p.a.
270 - 364 days at maturity 0.35% p.a. 0.35% p.a.
365 - 395 days annually 0.40% p.a. 0.40% p.a.
365 days half yearly interest 0.35% p.a. 0.35% p.a.
365 days quarterly interest 0.32% p.a. 0.32% p.a.
365 days monthly interest 0.30% p.a. 0.30% p.a.

 

For investment inquiries over $300,000 please contact the Treasury on (02) 4934 0103 or treasury@themutual.com.au 

Product Features:

Savings and Investments
Minimum : $100,000
Account-keeping fee : $0
Choice of fixed terms : 30 days to 3 years
Interest payment frequencies : Optional

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Express Savings

The Mutual Bank’s Express Savings transaction account makes everyday banking easy.

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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. 

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.

Footnotes:

   

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Any advice or information on this site does not take into account your personal objectives, financial situation or needs and you should consider whether it is appropriate for you. Interest rates and credit fees and charges may change without notice. Please review our Product Disclosure Statement, Financial Services Guide and Credit Guide before acquiring the product.

 Maitland Mutual Limited trading as The Mutual Bank ABN 94 087 651 983 AFSL/Australian credit licence 238139