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Term Deposit

A simple and secure way to grow your savings.

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Earn a higher rate of interest on your savings with a Term Deposit. A Term Deposit is a secure way to grow your savings with terms available from three months to three years.

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How much interest would I earn?

Interest Rates

 Investment Term  Interest Payment Frequency  Min $1,000 Min $5,000 Min $20,000
3 months at maturity 0.20% p.a. 0.20% p.a. 0.20% p.a.
4 months at maturity 0.20% p.a. 0.20% p.a. 0.20% p.a.
5 months at maturity 0.20% p.a. 0.20% p.a. 0.20% p.a.
6 months at maturity 0.30% p.a. 0.30% p.a. 0.30% p.a.
7 months at maturity 0.30% p.a. 0.30% p.a. 0.30% p.a.
8 months at maturity 0.30% p.a. 0.30% p.a. 0.30% p.a.
9 months at maturity 0.30% p.a. 0.30% p.a. 0.30% p.a.
10 months at maturity 0.35% p.a. 0.35% p.a. 0.35% p.a.
11 months at maturity 0.35% p.a. 0.35% p.a. 0.35% p.a.
12 months at maturity 0.40% p.a. 0.40% p.a. 0.40% p.a.
12 months half yearly interest 0.35% p.a. 0.35% p.a. 0.35% p.a.
12 months monthly 0.30% p.a. 0.30% p.a. 0.30% p.a.
24 months annually 0.45% p.a. 0.65% p.a. 0.65% p.a.
24 months half yearly interest 0.40% p.a. 0.60% p.a. 0.60% p.a.
24 months monthly 0.35% p.a. 0.55% p.a. 0.55% p.a.
36 months annually 0.80% p.a. 0.80% p.a. 0.80% p.a.
36 months half yearly interest 0.75% p.a. 0.75% p.a. 0.75% p.a.
36 months monthly 0.70% p.a. 0.70% p.a. 0.70% 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 : $1,000
Account-keeping fee : $0
Choice of fixed terms : 3 months to 3 years
Interest payment frequencies : Optional

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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, 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:

   

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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. 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