Scheduled payments for 25 and 26 December 2024 will be processed in advance on 24 December 2024. Please see our branch opening hours for the festive season here.

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Everyday Account Interest Rates

Express Savings

Effective Date: 1 June 2023

Express Savings Account Interest Rate
Up to $2,000 0.00% p.a.
Over $2,000 to $5,000 0.00% p.a.
Over $5,000 to $20,000 0.00% p.a.
Over $20,000 to $50,000 0.00% p.a.
Over $50,000 0.01% p.a.

 

 

Retirement

Effective Date: 1 December 2023

Retirement Account Interest Rate
Up to $25,000 0.25% p.a.  
Over $25,000 to $50,000 3.50% p.a.  
Over $50,000 2.00% p.a.  

 

 

Loan Saver

Effective Date: 1 November 2022

Loan Saver Account Interest Rate
Over $2   0.10% p.a.

 

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Important Information

This is Part 3 – Deposit Interest Rate Schedule of the Product Disclosure Statement (PDS). It must be read in conjunction with:
Part 1 - Key Features and Terms and Conditions and Part 2 - Schedule of Fees and Charges and Transaction Limits.
You should consider the PDS in its entirety in deciding whether to acquire or continue to hold and of the products the subject of the PDS.

Note: The Loan Saver account has 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 Account which exceeds the balance outstanding on the loan.

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.

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.