7.4/10

Based on 114 G&C Mutual Bank product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.

G&C Mutual Bank savings accounts

Operating for over 55 years, G&C Mutual Bank is owned by its members, which means they pass profits back to customers in the form of competitive interest rates on its products and deliver superior financial solutions to consumers. G&C Mutual Bank offers a full suite of financial solutions including home loans, investment loans, personal loans and credit cards to its members. It also has everyday banking products such as savings accounts and transaction accounts that can help with short and long term savings goals.

G&C Mutual Bank offers the following savings accounts

Rates and fees verified as correct at 18 June 2024. Other information correct at the time of writing. Advertiser disclosure.
Product Interest rate Maximum rate Govt deposit guarantee
Bonus Saver

0.10% p.a.(for $1 and over)

4.65% p.a. (for $1 and over)

Yes up to $250,000

Cash Management

2.00% p.a.(for $0 to $20,000)

No Current Offer

Yes up to $250,000

iNet Saver

1.50% p.a.(for $0 to $100,000)

No Current Offer

Yes up to $250,000

How are G&C Mutual Bank savings accounts rated?

Mozo users have rated G&C Mutual Bank savings accounts on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of savings-accounts
G&C Mutual Bank savings accounts customer reviews
Overall
6.4/10
Price
6.7/10
Features
5.3/10
Customer service
6.7/10
Convenience
5.4/10
Trust
7.0/10
Based on 31 G&C Mutual Bank product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Recent G&C Mutual Bank savings account reviews

G&C Mutual Bank Savings Account
Overall 9/10
Nice people. G8t interest rates are easy to obtain

I've always been given great assistance whenever I've needed it. The only drawback I have with them is on occasion I've had to wait to talk to an operator. Nothing overly long, but it is one of those annoying things that happen with online banking. That's not to say that I'm in any way upset with this bank, far from it. I like the rate of return and the requirements needed to obtain a steady rate of interest are most certainly NOT onerous.

Read full review

I've always been given great assistance whenever I've needed it. The only drawback I have with them is on occasion I've had to wait to talk to an operator. Nothing overly long, but it is one of those annoying things that happen with online banking. That's not to say that I'm in any way upset with this bank, far from it. I like the rate of return and the requirements needed to obtain a steady rate of interest are most certainly NOT onerous.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
8/10
Trust
9/10
Less
Barry, Victoria, reviewed 9 months ago
G&C Mutual Bank iNet Saver
Overall 1/10
No help to stop fraud payments.

I was trying to contact the bank on a Saturday morning to stop a payment which I stupidly got scammed into. They only operate during business hours so my $500 is long gone if it was salvageable. I contacted lost cards but they couldn't help as she stated they are a third party service. Not good enough!

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I was trying to contact the bank on a Saturday morning to stop a payment which I stupidly got scammed into. They only operate during business hours so my $500 is long gone if it was salvageable. I contacted lost cards but they couldn't help as she stated they are a third party service. Not good enough!

Features
1/10
Customer service
1/10
Convenience
7/10
Trust
1/10
Less
Shauna, New South Wales, reviewed over 3 years ago
G&C Mutual Bank iNet Saver
Overall 8/10
Good interest rates & service to customers

I've been with G&C Mutual Bank for 49 years and they have given me excellent service with home loans, personal loans and the management of my money. I have had my salary deposited with them since that option became available. I would definitely recommend them as a banking institution.

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I've been with G&C Mutual Bank for 49 years and they have given me excellent service with home loans, personal loans and the management of my money. I have had my salary deposited with them since that option became available. I would definitely recommend them as a banking institution.

Price
8/10
Customer service
8/10
Convenience
8/10
Trust
8/10
Less
Peter, New South Wales, reviewed over 5 years ago
G&C Mutual Bank Savings Account
Overall 1/10
Internet security abysmal

I have been a customer with G&C (formerly SGECU) for many, many years. I was shocked recently how easy it was for someone to actually hack into my internet banking account and steal a substantial sum of money. Nearly two months have passed and I'm still waiting for a resolution. On calling to ask why it is taking so long I received a rather bewildered response from customer service rep - "I don't know why (!?)" After emailing their complaints department, I received a rather short reply - "We are still waiting on the other bank to respond." The other bank being the host to the fraudulent account my money was transferred to. I also received the stock reply - "We are taking your claim very seriously, but need to follow bank protocols..." It's ironic that G&C's protocols seem to better serve those criminals who hacked my account than myself as a genuine customer - they are more likely to have disappeared a long time ago before G&C took the time to act. How can you possibly trust this bank with your money?

Read full review

I have been a customer with G&C (formerly SGECU) for many, many years. I was shocked recently how easy it was for someone to actually hack into my internet banking account and steal a substantial sum of money. Nearly two months have passed and I'm still waiting for a resolution. On calling to ask why it is taking so long I received a rather bewildered response from customer service rep - "I don't know why (!?)" After emailing their complaints department, I received a rather short reply - "We are still waiting on the other bank to respond." The other bank being the host to the fraudulent account my money was transferred to. I also received the stock reply - "We are taking your claim very seriously, but need to follow bank protocols..." It's ironic that G&C's protocols seem to better serve those criminals who hacked my account than myself as a genuine customer - they are more likely to have disappeared a long time ago before G&C took the time to act. How can you possibly trust this bank with your money?

Price
4/10
Features
4/10
Customer service
1/10
Convenience
1/10
Trust
0/10
Less
Rob, New South Wales, reviewed almost 9 years ago
See all savings account reviews
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.
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