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Term Deposit

A simple and secure way to grow your savings.

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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 three months to three years.

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How much interest would I earn?

Interest Rates

 Investment Term  Interest Payment Frequency  Min $1,000 Min $5,000 Min $20,000
3 months at maturity 0.95% p.a. 0.95% p.a. 0.95% p.a.
4 months at maturity 0.80% p.a. 0.80% p.a. 0.80% p.a.
5 months at maturity 0.80% p.a. 0.80% p.a. 0.80% p.a.
6 months at maturity 1.00% p.a. 1.00% p.a. 1.00% p.a.
7 months at maturity 0.80% p.a. 0.80% p.a. 0.80% p.a.
8 months at maturity 0.80% p.a. 0.80% p.a. 0.80% p.a.
9 months at maturity 0.80% p.a. 0.80% p.a. 0.80% p.a.
10 months at maturity 0.80% p.a. 0.80% p.a. 0.80% p.a.
11 months at maturity 0.80% p.a. 0.80% p.a. 0.80% p.a.
12 months at maturity 1.00% p.a. 1.00% p.a. 1.00% p.a.
12 months half yearly interest 0.95% p.a. 0.95% p.a. 0.95% p.a.
12 months monthly 0.90% p.a. 0.90% p.a. 0.90% p.a.
24 months annually 1.05% p.a. 1.05% p.a. 1.05% p.a.
24 months half yearly interest 1.00% p.a. 1.00% p.a. 1.00% p.a.
24 months monthly 0.95% p.a. 0.95% p.a. 0.95% p.a.
36 months annually 1.10% p.a. 1.15% p.a. 1.15% p.a.
36 months half yearly interest 1.05% p.a. 1.10% p.a. 1.10% p.a.
36 months monthly 1.00% p.a. 1.05% p.a. 1.05% p.a.

 

Product Features:

Savings and Investments
Minimum : $1,000
Account-keeping fee : $0
Choice of fixed terms : 3 months to 3 years
Interest payment frequencies : Optional

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Express Savings

The Mutual Bank’s Express Savings transaction account makes everyday banking easy.

Learn about The Mutual Bank

Important Information

We have not considered your objectives, financial situation or needs. You should consider these things and the Product Disclosure Statement before making decisions. 

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. A reduced interest rate applies if term deposits are redeemed before Maturity Date. The reduced interest rate is 0.50% 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. Interest rates and credit fees and charges may change without notice. Please review our Product Disclosure Statement, Financial Services Guide and Credit Guide before acquiring the product.

 Maitland Mutual Limited trading as The Mutual Bank ABN 94 087 651 983 AFSL/Australian Credit Licence 238139