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Up to 3.75 % p.a. Interest rate

A fun and flexible way for kids to start saving

Our Mighty Mutual account helps children learn the value of saving while encouraging smart money habits. With bonus interest for regular deposits, no monthly fees and a colourful passbook to track their progress, it’s a rewarding way to make saving exciting from an early age.

So, what are the perks?

Become a Member

Joining is easy - it only takes a few minutes to complete the application online or in person.

Features, Rates and Further Information

Product Features:

Everyday Banking
Monthly fee : $0
Internet banking : Yes
The Mutual App : Yes
BPAY® : Yes
Mutual Alerts : Yes
Interest : Calculated by applying the daily percentage rate to the daily balance and paid monthly.
Minimum opening balance : $0
Staff assisted transactions : Branch and contact centre
Mighty Mutual Interest rate
All balances Up to 3.75% p.a.

Bonus Interest of 10% of the amount of interest earned is payable if there are no withdrawals for the month.

Document or Information View or Download
Fees, charges and limits Download PDF →
Target market determinations Learn more →
Interest rates Learn more →
Important documents Learn more →
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Money management tools

Want to plan ahead with confidence? Our easy-to-use calculators can help you set savings goals and keep track of your spending, so you stay in control of your finances.

View all our online calculators

Why bank with us?

You're gonna love us

The Mutual Bank has been supporting regional communities with trusted banking for over 135 years

We’re proudly customer owned, which means we exist to benefit you. Not external shareholders. Whether you're opening your first account or planning for the future, we’re here with genuine service, great-value products and the kind of care only a mutual can offer.

Looking for something else?

View and compare our Savings and Investment Accounts

Need more support? We're here to help

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    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.

® Registered to BPAY Pty Ltd ABN 69 079 137 518

Financial Claims Scheme information available at fcs.gov.au.