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Bonus Saver

Save regularly, earn more and watch your savings grow. Enquire now to open an account.

3.50 % p.a. Interest rate

Reward your savings with bonus interest

Want to get rewarded for good saving habits? With our Bonus Saver account, you'll earn bonus interest when you make at least one deposit and no withdrawals in a calendar month. Earn a competitive interest rate and grow your savings faster.

It’s a simple way to stay on track and make wealth creation yours.

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:

Savings and Investments
Minimum opening balance : $0
Internet banking : Yes
The Mutual App : Yes
Mutual Alerts : Available
Interest : Calculated daily, paid monthly
BPAY : Yes
Osko : Yes
PayID : Yes
PayTo : Yes
Staff assisted transactions : Branch and contact centre
Bonus saver Interest rate
All Balances 3.50% 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.

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 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.

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 licence 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.