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Term Deposit Interest Rates

Term Deposit

Effective Date: 17 November 2023

 Investment Term  Interest Payment Frequency $1000 to $499,999 $500,000-$1,000,000
1 month at maturity 1.45% p.a. 1.50% p.a.
2 months  at maturity 1.95% p.a. 2.00% p.a.
3 months  at maturity 3.85% p.a. 3.90% p.a.
4 months at maturity 2.95% p.a. 3.00% p.a.
5 months at maturity 2.95% p.a. 3.00% p.a.
6 months at maturity 4.15% p.a. 4.20% p.a.
7 months at maturity 2.95% p.a. 3.00% p.a.
8 months at maturity 2.95% p.a. 3.00% p.a.
9 months at maturity 4.20% p.a. 4.25% p.a.
10 months at maturity 2.95% p.a. 3.00% p.a.
11 months at maturity 2.95% p.a. 3.00% p.a.
12 months monthly 4.75% p.a. 4.80% p.a.
12 months quarterly 4.75% p.a. 4.80% p.a.
12 months half yearly 4.80% p.a. 4.85% p.a.
12 months at maturity 4.85% p.a. 4.90% p.a.
24 months monthly 5.10% p.a. 5.10% p.a.
24 months quarterly 5.10% p.a. 5.10% p.a.
24 months half yearly 5.15% p.a. 5.15% p.a.
24 months annually 5.20% p.a. 5.20% p.a.
36 months monthly 5.10% p.a. 5.10% p.a.
36 months quarterly 5.10% p.a. 5.10% p.a.
36 months half yearly  5.15% p.a. 5.15% p.a.
36 months annually 5.20% p.a. 5.20% 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 to acquire, or continue to hold any of the products the subject of the PDS.
Interest on Term Deposits are 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.

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.