Name: The Mutual Bank savings account
Brand: The Mutual Bank
Rating: 4.6 (10 reviews)

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Compare The Mutual Bank savings accounts
The Mutual Bank savings accounts as rated by customers
The Mutual Bank savings accounts reviews by customers

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Last updated 25 October 2024 Important disclosures

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Internet Saver
Standard rate

2.00 % p.a.
(for $0 to $25,000)

Maximum rate

6.00 % p.a.
(for $50,000 to $100,000)

6% rate applicable until 31 Jan 25, reverting to 4.50% on 1 Feb 25.

Link not supplied

Standard rate

Balances from $0: 2.00% p.a.
Balances from $25,000: 3.00% p.a.
Balances from $50,000: 6.00% p.a.
Balances from $100,000: 0.00% p.a.

Maximum rate

Account fee per month

$0.00

Maximum rate conditions

Special interest rate of 6% for balances $50,000 - $100,000 is available until 31 January 2025. Rate reverts to 4.50% on 1st Feb 25.

Access

Internet banking

Minimum balance

$5,000.00

Other restrictions

Maximum account balance is $1,000,000. 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.
Mighty Mutual
Standard rate

0.00 % p.a.
(for $0 to $2)

Maximum rate

4.30 % p.a.
(for $2 and over)

Interest paid 6-monthly. If no withdrawals within that period, then an extra 10% of the interest earned is applied.

Link not supplied

Standard rate

Balances from $0: 0.00% p.a.
Balances from $2: 4.30% p.a.

Maximum rate

Account fee per month

$0.00

Maximum rate conditions

Interest paid 6-monthly. If no withdrawals within that period, then an extra 10% of the interest earned is applied.

Access

BPay, Branch access, Phone banking, Internet banking

Minimum balance

$2.00

Other restrictions

-
Bonus Saver
Standard rate

0.00 % p.a.
(for $0 and over)

Maximum rate

4.00 % p.a.
(for $2 and over)

minimum $1 deposit, no withdrawals

Link not supplied

Standard rate

Balances from $0: 0.00% p.a.

Maximum rate

Balances from $0: 0.00% p.a.
Balances from $2: 4.00% p.a.

Account fee per month

$0.00

Maximum rate conditions

Minimum $1 deposit and no withdrawals in the month

Access

BPay, Branch access, Phone banking, Internet banking

Minimum balance

$2.00

Other restrictions

-
Cash Management Account
Standard rate

0.00 % p.a.
(for $0 to $20,000)

Maximum rate

0.05 % p.a.
(for $100,000 and over)

Link not supplied

Standard rate

Balances from $0: 0.00% p.a.
Balances from $20,000: 0.01% p.a.
Balances from $100,000: 0.05% p.a.

Maximum rate

Account fee per month

$0.00

Maximum rate conditions

n/a

Access

Internet banking

Minimum balance

$5,000.00

Other restrictions

-

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The Mutual Bank savings account ratings

Overall customer rating for The Mutual Bank savings accounts

4.6

Price
4.3
Features
4.2
Customer service
4.7
Convenience
4.6
Trust
4.7

Based on 10 product reviews.

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The Mutual Bank products

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Important information on terms, conditions and sub-limits

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The Mutual Bank savings accounts

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