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Australian Mutual Bank iNet Saver Account

Advertiser disclosure
Interest rate
0.10% p.a.(for $2,000 and over)
Maximum rate
No Current Offer
Govt deposit guarantee
Yes up to $250,000

Mozo editorial review Australian Mutual Bank iNet Saver Account - last updated: 25 October 2021

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What's hot
  • No account keeping fees
What's not
  • 0.05% standard variable rate on balances below $2,000
Mozo snapshot

The Australian Mutual iNetSaver is a super simple, no strings attached savings account that comes with a maximum rate of 0.15% for balances over $2,000.

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Key features

As the name suggests, the Australian Mutual iNet Saver is an online savings account with two simple rate tiers depending on a savers account balance. 

Savers with $2,000 or more in their account will be able to earn a 0.15% rate, while those with a balance below that will receive a 0.05% rate. Unlike many accounts, customers won't need to meet any other requirements to achieve those rates. 

Interest is calculated daily and paid monthly, and when it comes to accessing your money, you’ll be able to make unlimited transactions via phone and internet banking.

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Who is it good for

The Australian Mutual iNetSaver could suit those with at least $2,000 in savings, but considering the maximum interest rate sits at just 0.15% it might be worth shopping around for another place to put your savings.

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Any catches

As mentioned above, the maximum rate of 0.15% will only apply for balances of $2,000 or above. Balances below that will earn just 0.05%.

Details

Rates and fees information correct as at 6 December 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

Balances from $0: 0.05% p.a.
Balances from $2,000: 0.10% p.a.

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Fees

$0.00

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Unlimited phone and internet banking

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$0.00

$0.00

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Other financial bits

$0.00

$0.00

Monthly

Features

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