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First Home Guarantee
Secure your first home loan with a deposit of as little as 5%, without Lenders Mortgage Insurance, under the Australian Government's Home Guarantee Scheme.
Latest News
The Mutual Bank joins the new offensive against scammers
The Mutual Bank is proud to be a part of a new Scam-Safe Accord aimed at delivering a higher standard of protection for our Members and help put scammers out of business in Australia.
An open letter to our Members and the Hunter Community
The current economic circumstances are tough for many. We want you to know that we are here for you. The Mutual Bank has been helping Hunter businesses and families thrive since 1888 – that’s over 135 years. What started as an ambitious plan to keep money in the Hunter has grown into an institution that is embedded in the region’s rich history. Through wars, droughts, floods, earthquakes, financial crises and pandemics, we have always been here for our Members. We are still here for you today.
Changes to The Mutual Bank's interest rates
The Mutual Bank has made changes to its deposit and lending interest rates following the Reserve Bank of Australia's decision on 7 November 2023 to increase the official cash rate by 0.25% to
A Greener Way To Pay
Our Mutual Visa Debit Card is made of plants, not plastic, with features that are sustainable, accessible and inclusive. Available now with eligible transaction accounts.
Bank on the go with the Mutual App
Keeping track of your banking with the convenience of the Mutual App is now easier than ever.
Access your accounts, manage your cards, share and save transaction receipts, create savings goals, track your spending across categories, manage your Pay ID, make Osko payments and more!
Helping Hunter people since 1888
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Important Information
Information is current as at date of appearance and is subject to change. Eligibility and lending criteria, conditions, fees, and charges apply to all loans.
*Apply by 22 December 2023, settle within 120 days of application. Minimum new loan amount of $500,000. Limit of one cash back within 12 month period. Terms and conditions apply.
Footnotes:
- 1 Rate includes a discount margin off the Owner-Occupied Budget Home Loan Variable Rate. Margin subject to change until loan contract is issued. Lending criteria, T&Cs, fees and charges apply. Rate only available for new owner-occupied loans to The Mutual Bank with minimum new loan amount of $100,000.
- 2 Comparison rate is based on a loan of $150,000 over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
- 3 Interest on Term 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 term deposits are redeemed before Maturity Date. The reduced interest rate is 0.10% 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 Interest is calculated by applying the daily percentage rate applicable to the daily balance to the entire balance and paid on the last day of every month. Interest will be calculated and paid if there has been at least one deposit 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. The daily percentage rate is the applicable annual percentage rate divided by 365.
- 5 The interest rate offered to you will be personalised depending on our credit assessment of your financial situation. The interest rate shown is the minimum interest rate that may be applicable.
- 6 Comparison rate is based on a secured loan of $30,000 over 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
