News

Home News

Open a Term Deposit online

We’re making saving simpler. Members can open a Term Deposit online in Internet Banking, anytime it suits. No branch visit, no paperwork. Just log in, choose your term, and start earning!  Why our Members love Term Deposits Certainty: Lock in a higher interest rate for a fixed term.  Simplicity: One application, one confirmation, clear timelines.  Focus: Put funds aside and watch your savings grow.  It’s as easy as logging in to Internet Banking and following the prompts.  Not yet a Member of The Mutual Bank?  Join online in minutes, then once your Internet Banking is established you can log in to open your Term Deposit.  We’ve been proud to see our products recognised, including Term Deposit Account Of The Year (Customer Owned Bank) at the 2025 WeMoney Banking Awards, reflecting our focus on Member value and service.   Ready to get started?  Open a Term Deposit online in Internet Banking today.  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. 

The Mutual Bank Partners with NRLW Stars

We’re excited to announce a new partnership with two of the biggest names in women’s rugby league - Yasmin Clydsdale and Olivia Higgins. Both are standout players in the National Rugby League Women’s (NRLW) competition, playing for the Newcastle Knights after being raised in the Hunter. They are proud Jillaroos representatives, and now they’re joining The Mutual Bank family. We’re proud to champion women in sport and strengthen our connection to the communities we serve. Yasmin, captain of the Newcastle Knights, is a force on the field in the second row. Her sporting journey includes representing Australia in Rugby Union before making her mark in rugby league at the Roosters, Knights and representing NSW in the Sky Blues and Australia in the Jillaroos. Raised in Cardiff South and now living in Scone, Yasmin is a qualified high school teacher who is currently devoting all her energy to sport. She’s also a co-founder of Future Fierce Academy, a program dedicated to empowering female players of all ages. Olivia, also a three-time NRLW premiership winner alongside Yasmin and NSW and Australian representative, brings her own impressive credentials. Olivia made her test debut in 2024 and was part of the winning national side again this year. A Raymond Terrace local and former All Saints Maitland student, Olivia now teaches at Newcastle High and shares Yasmin’s passion for developing the next generation of players as her business partner in Future Fierce Academy. We’re thrilled to have Yasmin and Olivia represent The Mutual Bank and can’t wait to share some exciting promotions and content featuring the duo in the coming months.

News

Festive season trading hours

Over the festive season our Branches and Contact Centre will be closed on the following days:    Christmas Day: Thursday 25 December 2025  Boxing Day: Friday 26 December 2025  Saturday 27 December 2025  New Years Day: Thursday 1 January 2026   Regular hour will apply on all other days   Scheduled Payments:   Scheduled payments for 25 – 27 December 2025, will be processed in advance on Wednesday 24 December.   Scheduled payment for Thursday 1 January 2026, will be processed in advance on Wednesday 31 December 2025.    We thank you for your understanding and wish you a happy and safe festive season.   

Joseph Hill Earns Prestigious Career Award

The Mutual Bank is proud to announce that our Data and Analytics Intern Joseph Hill has won the Student Employability Achievement Award at the University of Newcastle’s 2025 Employability Excellence Awards. Joseph joined The Mutual Bank in June 2025 and is working in the Data and Analytics team whilst studying a Bachelor of Mathematics / Bachelor of Data Science and quickly became an integral part of our team. From day one, he impressed us with his fresh ideas, positive attitude, and eagerness to learn. His hard work and commitment have now been recognised on a major stage.  This award celebrates students who demonstrate initiative, adaptability, and dedication to developing employability skills through diverse experiences. Joseph’s journey is a shining example of how curiosity and persistence can lead to incredible career opportunities.  We were proud to celebrate alongside Joseph at the awards night and even more excited when the University of Newcastle’s media team visited our Head Office to film a special video highlighting his achievement. Want to hear Joseph’s story? Watch his video here Why This Matters for Your Career  At The Mutual Bank, we believe in creating career-ready opportunities for students and graduates. Internships like Joseph’s provide hands-on experience, mentorship, and exposure to real-world projects that help future professionals thrive.  As the University of Newcastle celebrates 60 years of serving our regions, these awards showcase the partnerships and programs that prepare students for life beyond university – through career-ready placements, innovative teaching, and impactful industry engagement. We’re honoured to play a role in this journey.    Explore Careers at The Mutual Bank  Looking for an opportunity to kickstart your career in banking, data analytics, or customer service? Join a team that values growth, innovation, and community impact.  View Current Opportunities Interested in doing an internship or University placement at The Mutual Bank? > Contact our People and Culture team    Congratulations again, Joseph! You’ve done us proud. 

Managing Money

Sending money oversees now even easier

We’re excited to announce a new feature that makes sending money overseas easier than ever for our Members.  You can now make international transfers under $2000 directly through Internet Banking — securely, conveniently and with no fees for self-service transactions.  What’s New?  Through our trusted partner Convera, Members can now access international money transfers online. Whether you're supporting family abroad, paying for overseas goods or services, or managing international business, this feature puts the power in your hands at your convenience.  Self-service convenience: No need to visit a branch, just log in to your Internet Banking to send international transfers. If you need to make a payment more than $2000, please contact us.  More than 30 currencies supported: Including USD, EUR, GBP, NZD, INR, CNY, JPY and more.  No fees for online transfers: Save on costs when you manage transfers yourself in Internet Banking.  Secure and reliable: Backed by Convera’s global network.  Making an international payment is simple:  Log in to Internet Banking. Go to Send Money > International Transfer. Choose an existing payee or add a new recipient. Enter recipient details including bank name, SWIFT/BIC, and account number or IBAN. 5. Select the currency and amount.  Review the exchange rate and enter the purpose of payment. Submit the transfer—new payees will require second factor authentication (SMS One Time password or your token) for verification. Optionally, you can add your email to receive a receipt. To complete a transfer, have the following information ready:  Recipient’s full name and address  Bank name and SWIFT/BIC code  IBAN or account number  Reason for payment  Learn more about International Transfers and read our Frequently Asked Questions.  Important information: The Mutual Bank has entered into contractual arrangements with Convera Australia Pty Ltd (ACN 150 129 749; AFSL 404092) (“Convera”), to assist it in fulfilling certain foreign exchange and payment services, including telegraphic transfers. The relationship relating to the services described is solely between you and The Mutual Bank. If you make or receive an international transfer, the Mutual Bank will receive a commission from Convera.  

Home and Property

Insure with CGU and get a $100 eGift Card

Looking to protect your home, car, or investment property? Now’s the perfect time. From 27 October to 7 December 2025, The Mutual Bank is offering a $100 eGift card for every new eligible CGU insurance policy taken out. Whether it’s Building, Contents, Landlords, or Comprehensive Motor Vehicle Insurance, you’ll be rewarded for helping secure your peace of mind. How it works Take out a new eligible CGU policy through The Mutual Bank. Ensure your policy starts during the offer period and is paid in full or first instalment. Receive your $100 eGift card via email or SMS within 8 weeks of the campaign end. Ready to insure and be rewarded? Visit CGU Insurance campaign, call into a branch or call us on 1300 688 825. Promotion valid from 27 October until 7 December 2025. The eGift Card will be provided per eligible policy, not per person. Terms  and conditions apply.  The Mutual Bank ABN 94 087 651 983, AFSL 238139 acts under its own AFSL and under an agreement with the issuer Insurance Australia Limited ABN 11 000 016 722, AFSL 227681 under the CGU brand. Any advice provided is general advice only and does not take into account your individual objectives, financial situation or needs (your personal circumstances). Before using this advice to decide whether to purchase a product, you should consider your personal circumstances and the relevant the PDS and TMD from the CGU website https://www.cgu.com.au/partner/policy-booklets.  

Categories

Community
Home and Property
Managing Money
News
Scam Awareness

Tags

Budgeting Events Member notices Awards

Tags

Budgeting Events Member notices Awards