Internet Saver

Reach your saving goals sooner. Enquire now to open an account.

Up to 5.65 % p.a. Interest rate

Internet Saver


Planning that dream holiday? Eyeing a new set of wheels? Or simply keen to see your savings flourish?

With the Internet Saver, you’ll be one step closer to achieving your financial goals faster.

So, what are the perks?

Become a Member

Joining is easy - it only takes a few minutes to complete the application online or in person.

Features, Rates and Further Information

Product Features:

Everyday Banking
Mutual Visa Debit Card : No
ATM/Eftpos access : No
Internet banking : Yes
The Mutual App : Yes
NPP/PayTo/PayID/Osko® : Yes
BPAY® : Yes
Bank@Post : No
Apple Pay : No
Google Pay : No
Interest : Calculated daily, paid monthly.
Sub-Accounts : Up to 3
Minimum opening balance : $0
Staff assisted transactions : Branch and contact centre
Internet Saver Interest Rate (p.a.)
Up to $25,000 3.25% p.a.
Over $25,000 to $50,000 3.25% p.a.
Over $50,000 to $100,000 3.25% p.a.
Over $100,000 to $250,000 3.25% p.a.
Over $250,000 3.25% p.a.
Plus Conditional Bonus1 Up to 2.40% p.a.

 

Document or Information View or Download
Fees, charges and limits Download PDF →
Target market determinations Learn more →
Interest rates Learn more →
Important documents Learn more →
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Money management tools

Want to plan ahead with confidence? Our easy-to-use calculators can help you set savings goals and keep track of your spending, so you stay in control of your finances.

View all our online calculators →

You're gonna love us

The Mutual Bank has been supporting regional communities with trusted banking for over 135 years

We’re proudly customer owned, which means we exist to benefit you. Not external shareholders. Whether you're opening your first account or planning for the future, we’re here with genuine service, great-value products and the kind of care only a mutual can offer.

 

 

Open an account within Internet Banking

Already a Member? Open an account instantly online at your convenience.

Log on to Internet Banking to open your account online now.

Looking for something else?

View and compare our Savings and Investment Accounts

Need more support? We're here to help

  • Speak to a local

    Connect to our Hunter based team in minutes during business hours.

  • Make an enquiry

    Send us your request or feedback anytime using our secure online forms.

  • Explore FAQs

    Looking for a quick answer? Browse our most frequently asked questions.

  • Secure Message

    Securely message our local Contact Centre Team through the Mutual App or Internet Banking.

  • 1

    Interest is calculated by applying the daily percentage rate applicable to each portion of the daily balance to the relevant balance tiers and paid monthly on the last day of every month. The daily percentage rate is the applicable annual percentage rate divided by 365. Up to 5.65% p.a. is a combined rate made up of the applicable base interest rate plus a promotional bonus interest rate of 2.40% p.a. The base interest rate was 2.75% p.a. between 13 April and 19 May 2026. From 20 May 2026, the base interest rate is 3.25% p.a.  Bonus interest applies for three months from the date of deposit on new electronic deposits made between 13 April and 31 July 2026. Eligible deposits are funds transferred from another bank. Internal transfers, cash and cheque deposits are not eligible. Deposits qualifying for bonus interest are reduced by withdrawals made from the account, starting with the earliest qualifying deposit. Rates are subject to change.

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.

® Registered to BPAY Pty Ltd ABN 69 079 137 518

Financial Claims Scheme information available at fcs.gov.au.

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Any advice or information on this site does not take into account your personal objectives, financial situation, or needs and you should consider whether it is appropriate for you. Please review our Product Disclosure Statement, Target Market Determinations, Terms and Conditions, Financial Services Guide, and Credit Guide before deciding to acquire a product.

Eligibility and lending criteria, conditions, fees, and charges apply to all loans. Interest rates, fees, and charges may change without notice. Information is current as at date of appearance and is subject to change. We use reasonable efforts to provide accurate and up to date information. However, mistakes may still occur from time to time, and we cannot guarantee that this website is free from any errors, inaccuracies or omissions. Maitland Mutual Limited trading as The Mutual Bank ABN 94 087 651 983 AFSL/Australian credit license 238139.

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We acknowledge the Traditional Owners of the lands on which we operate and pay our respects to Elders past and present, and to emerging community leaders. We also acknowledge the important role Aboriginal and Torres Strait Islander peoples continue to play within the communities in which The Mutual Bank operates and where our team members reside.