With no shareholders to please, our profits are reinvested to benefit you.
Confirmation of Payee: A new service to help safeguard your payments is coming soon. Learn more.
Whether you're saving for a special event, planning a holiday, building your wealth or investing with confidence, we have an account to suit your needs.
Enjoy competitive interest rates, secure banking and features designed to help your money grow. Whatever your goal, make it yours sooner with one of our savings or investment accounts.
Enjoy flexible banking options and access to your funds with The Mutual Bank's Cash Management account.
Earn a higher rate of interest on your savings with a Term Deposit. A Term Deposit is a secure way to grow your savings with terms available from one month to three years
Our Internet Saver account allows you to earn interest while being able to access your funds at your convenience. Tiered interest rates apply.
Looking for a savings account that encourages good savings habits? The Mutual Bank’s Bonus Saver account allows you to earn interest if you make one deposit and no withdrawals in a calendar month.
Christmas is a great time of the year - giving and receiving gifts, spending time with family and friends, maybe you are planning a holiday. Save a little each week and access your savings at the festive time of the year.
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.
View and compare our Transaction Accounts
Interest on Term Deposits is calculated by applying the daily percentage rate to the account balance and paid at intervals as specified in the tables above. We may allow you to break your Term Deposit before the Maturity Date, subject to you first providing us with a valid request in writing no less than 31 calendar days’ prior, unless financial hardship applies. A reduced interest rate applies if term deposits are redeemed before the 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.
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.
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.
We have not considered your objectives, financial situation, or needs. You should consider these things, along with the Product Disclosure Statement and our product Target Market Determinations before making any decision to acquire a product.
Financial Claims Scheme information available at fcs.gov.au.