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Effective Date: 1 June 2025
Bonus Saver Account | Interest Rate |
All balances | 3.50 % p.a. |
Effective Date: 1 June 2025
Mighty Mutual Account | Interest Rate |
All balances | Up to 3.75 % p.a. |
Effective Date: 1 June 2025
Cash Management Account | Interest Rate |
Up to $5,000 | 0.00% p.a. |
$5,000 and over | 0.00% p.a. |
$20,000 and over | 0.01% p.a. |
$50,000 and over | 0.01% p.a. |
$100,000 and over | 0.05% p.a. |
$200,000 and over | 0.05% p.a. |
$500,000 and over | 0.05% p.a. |
Effective Date: 1 June 2025
Christmas Club Account | Interest Rate |
All balances | Up to 0.25 % p.a. |
Effective Date: 1 June 2025
Internet Saver | Interest Rate (p.a.) |
Up to $25,000 | 2.25% p.a. |
Over $25,000 to $50,000 | 2.25% p.a. |
Over $50,000 to $250,000 | 2.25% p.a. |
Over $250,000 | 0.00% p.a. |
Interest is calculated by applying the daily percentage rate to the daily balance and paid monthly. Bonus Interest of 10% of the amount of interest earned is payable if there are no withdrawals for the month. The daily percentage rate is the applicable annual percentage rate divided by 365.
Interest is calculated by applying the daily percentage rate to the whole daily balance and paid 6 monthly on 30 June and 31 December. The daily percentage rate is the applicable annual percentage rate divided by 365.
Tiered interest rates apply: Different interest rates may apply to different portions of account balances. Fees and charges may apply. Bonus rate promotion: Earn 4.25% p.a. interest by depositing new money to The Mutual Bank (excluding funds you currently have in existing accounts) between 1 June 2025 to 31 August 2025. Bonus Interest of 2.00% p.a. applies for 90 days from the date of each deposit of new money, less withdrawals made, during the promotional period, in addition to the base rate of 2.25% p.a. Interest rates are subject to change.
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, Charges and Transaction Limits. You should consider the PDS in its entirety in deciding whether to acquire or continue to hold any of the products the subject of the PDS.