Edgeworth Branch is temporarily closed. The Mutual Bank apologises for any inconvenience caused.

Login

Sovereign Term Deposit

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

  • Home
  • Everyday Banking
  • Term Deposits
  • Sovereign Term Deposit

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.

Go to rates

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

We're ready to help you

Express Savings

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

Learn about The Mutual Bank

Important Information

We have not considered your objectives, financial situation, or needs. You should consider these things, along with the Product Disclosure Statement and our product Target Market Determinations before making any decision to acquire a product.

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:

   

Home | Privacy Policy | Important Documents | CDR Policy | Contact Us | Lost or Stolen Cards | Website Terms of Use

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. Please review our Product Disclosure Statement, Target Market Determinations, Terms and Conditions, Financial Services Guide, and Credit Guide before deciding to acquire a product. Interest rates, fees, and charges may change without notice.

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