• ¹

  Interest is calculated by applying the daily percentage rate to the different portions of the daily balance as set out and paid 6 monthly on 30 June and 31 December. Penalty Interest will be charged at a rate of 20.00% per annum on overdrawn accounts. This penalty interest will be calculated daily and charged on a monthly basis.

• ² Interest is calculated by applying the daily percentage rate applicable to the daily balance as set out to the entire balance and paid 3 monthly on 31st March, 30th June, 30th September and 31st December.
• ³

  Interest on Farm Management 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 Farm Management 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 Farm Management 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.

• ⁴

  Tiered interest rates apply: Different interest rates may apply to different portions of account balances. Fees and charges may apply.  Bonus rate promotion: Earn 3.50% 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 1.50% p.a. Interest rates are subject to change.  We have not considered your personal objectives, financial situation, or needs.  Please consider the PDS & TMD before deciding to acquire a product.

• ⁵

  Offered to licensed agents holding client funds pending settlement of purchases and depositing of rental monies by tenants. Penalty Interest will be charged at a rate of 20.00% per annum on overdrawn accounts. This penalty interest will be calculated daily and charged on a monthly basis.

• ⁶

  Offered to solicitors for holding client payments relating to property, conveyancing, estate settlements, investment and other trust monies. Penalty Interest will be charged at a rate of 20.00% per annum on overdrawn accounts. This penalty interest will be calculated daily and charged on a monthly basis.

• ⁷

  Offered to licensed conveyancers who are required by law to hold client's money in a complying trust account. Penalty Interest will be charged at a rate of 20.00% per annum on overdrawn accounts. This penalty interest will be calculated daily and charged on a monthly basis.

Interest is calculated by applying the daily percentage rate to the different portions of the daily balance as set out and paid 6 monthly on 30 June and 31 December.*
_{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 whether to acquire or continue to hold any of the products the subject of the PDS.
The daily percentage rate is the applicable annual percentage rate divided by 365.
* Penalty Interest will be charged at a rate of 20.00% per annum on overdrawn savings accounts. This penalty interest will be calculated daily and charged on a monthly basis
** Interest on Farm Management 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 Farm Management 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.