Savings Accounts

• ¹ Interest is calculated by applying the daily percentage rate applicable to the daily balance to the entire balance and paid three monthly on 31 March, 30 June, 30 September and 31 December. The daily percentage rate is the applicable annual percentage rate divided by 365.
• ² 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. The daily percentage rate is the applicable annual percentage rate divided by 365. We may allow you to break your Term Deposit before the Maturity Date, subject to you first providing us with a valid request in writing no less than 31 calendar days’ prior, unless financial hardship applies. A reduced interest rate applies if term deposits are redeemed before the Maturity Date. If we allow you to access your term deposit funds before maturity, an interest rate reduction will apply. The amount of interest charged as an interest rate adjustment will depend on how early in the term you seek to access your funds.
• ³ Tiered interest rates apply: Different interest rates may apply to different portions of account balances. Fees and charges may apply.  Bonus rate promotion: Earn 4.25% p.a. interest by depositing new money to The Mutual Bank (excluding funds you currently have in existing accounts) between 1 June 2025 to 31 August 2025. Bonus Interest of 2.00% p.a. applies for 90 days from the date of each deposit of new money, less withdrawals made, during the promotional period, in addition to the base rate of 2.25% p.a. Interest rates are subject to change.
• 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 Interest is calculated by applying the daily percentage rate to the whole daily balance and paid 6 monthly on 30 June and 31 December. The daily percentage rate is the applicable annual percentage rate divided by 365.

We have not considered your objectives, financial situation, or needs. You should consider these things, along with the Product Disclosure Statement and our product Target Market Determinations before making any decision to acquire a product.

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