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Savings Account Interest Rates

The Mutual offers a range of Savings Accounts with competitive interest rates to suit your individual needs.

Internet Saver Account

Interest Rate (p.a.)
Over $5,000 - (maximum $1,000,000) 1.25% pa
Interest is calculated by applying the daily percentage rate applicable to the daily balance as set out to the entire balance and paid on the last day of every month.*

 

Bonus Saver Account

Interest Rate (p.a.)
Over $2 2.20% pa2
Interest is calculated by applying the daily percentage rate1 applicable to the daily balance to the entire balance and paid on the last day of every month.*

 

Cash Management Account

Interest Rate (p.a.)
Up to $5,000 0.00% pa
$5,000 and over 0.00% pa
$20,000 and over 0.10% pa
$50,000 and over 0.10% pa
$100,000 and over 0.10% pa
$200,000 and over 0.75% pa
$500,000 and over 1.00% pa
Interest is calculated by applying the daily percentage rate1 applicable to the daily balance to the entire balance and paid 3 monthly on 31st March, 30th June, 30th September and 31st December.*

 

Christmas Club Account

Interest Rate (p.a.)
Over $2 0.20% pa
Interest is calculated by applying the daily percentage rate1 to the different portions of the daily balance and paid 6 monthly on 30 June and 31 December.*

Mighty Mutual  Account

Interest Rate (p.a.)
Over $2 2.20% pa
Interest is calculated by applying the daily percentage rate1 to the daily balance and paid 6 monthly on 30 June and 31 December. Bonus Interest of 10% of the amount of interest earned is payable if there are no withdrawals for the 6 month period ended on these dates.*

All Savings Account interest rates are effective as at 19 July 2017.

Questions

If you have any questions, please contact us

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.
1 The daily percentage rate is the applicable annual percentage rate divided by 365.
2 Interest will be calculated and paid if there has been at least $1.00 deposited and no withdrawals on the account during the calendar month. Interest credits from this account do not constitute a deposit. If this condition is not met, no interest will be paid for that month.

 

 

View all rates
View all rates