Mighty Mutual

Start early and learn the value of saving. Build smart habits and make the future yours with no monthly fees and bonus interest.

Up to 4.675 % p.a. Interest rate

A fun and flexible way for kids to start saving

Our Mighty Mutual account helps children learn the value of saving while encouraging smart money habits. With bonus interest for regular deposits, no monthly fees and a colourful passbook to track their progress, it’s a rewarding way to make saving exciting from an early age.

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
Monthly fee : $0
Internet banking : Yes
The Mutual App : Yes
BPAY® : Yes
Mutual Alerts : Yes
Interest : Calculated by applying the daily percentage rate to the daily balance and paid monthly.
Minimum opening balance : $0
Staff assisted transactions : Branch and contact centre
Mighty Mutual Interest rate
All balances Up to 4.25% p.a.
Conditional Bonus Up to 0.425% p.a.

Conditional Bonus Interest of 10% of the amount of interest earned is payable if there are no withdrawals for the month.

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 →

Why bank with us?

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.

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 to the daily balance and paid monthly. Bonus Interest of 10% of the amount of interest earned is payable if there are no withdrawals for the month. The daily percentage rate is the applicable annual percentage rate divided by 365.

  • 2

    Bonus Interest of 10% of the amount of interest earned is payable if there are no withdrawals for the month.
    Interest is calculated by applying the daily percentage rate to the daily balance and paid monthly.

® 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.