Following the RBA’s decision to reduce the cash rate, we will be decreasing variable interest rates for our home and business loans. Read more here.

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Loan Saver

Flexibility of an at call account while reducing the interest on your home loan.

Our Loan Saver account is a transaction account available with variable rate home loans. The interest the Loan Saver earns reduces the interest payable on your home loan. The Loan Saver account gives you the flexibility of an “at call” account while reducing the interest on your home loan.

Product Features:

Everyday Banking
Monthly fee : $0
Mutual Visa Debit Card : Available
ATM/Eftpos access : Yes
Internet banking : Yes
The Mutual App : Yes
NPP/PayTo/PayID/Osko® : Yes
BPAY® : Yes
Mutual Alerts : Available
Bank@Post : Yes, with a linked Mutual Visa Debit Card
Minimum opening balance : $0

Things to note...

View all Interest Rates

View Fees and Charges

View Target Market Determinations

Compare Everyday Accounts

Use the Mutual App to access your savings

View Important Documents

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Important Information

Both the Loan Saver and 100% Loan Offset accounts have been approved by the Australian Taxation Office only on the basis that no interest is earned. The interest offset accrues on these accounts up to the point where the balance of the account equals the balance owing on the home loan. No interest offset accrues on the portion of the balance of the Loan Saver or 100% Loan Offset account which exceeds the balance outstanding on the loan.

® Registered to BPAY Pty Ltd ABN 69 079 137 518

    

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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.

Eligibility and lending criteria, conditions, fees, and charges apply to all loans. Interest rates, fees, and charges may change without notice. Information is current as at date of appearance and is subject to change. We use reasonable efforts to provide accurate and up to date information. However, mistakes may still occur from time to time and we cannot guarantee that this website is free from any errors, inaccuracies or omissions. Maitland Mutual Limited trading as The Mutual Bank ABN 94 087 651 983 AFSL/Australian credit licence 238139.

The Mutual Bank acknowledges the Traditional Custodians of Country across Australia and recognises their continuing connection to lands, waters and communities. We pay our respects to Aboriginal and Torres Strait Islander cultures and to Elders past and present.