Mobile Payments: Apple Pay and Google Pay are now available at The Mutual Bank. Register now on your device via the App Store or Google Play.
A Sovereign Term Deposit with The Mutual Bank is a simple and secure investment account for those looking to invest over $100,000 with terms available from thirty days to three years.
Investment Term | Interest Payment Frequency | Sovereign Account ($100,000 to $200,000) |
Sovereign Plus Account (Over $200,000) |
30 - 59 days | at maturity | 0.10% p.a. | 0.10% p.a. |
60 - 89 days | at maturity | 0.10% p.a. | 0.10% p.a. |
90 - 119 days | at maturity | 0.20% p.a. | 0.20% p.a. |
120 - 149 days | at maturity | 0.20% p.a. | 0.20% p.a. |
150 - 179 days | at maturity | 0.20% p.a. | 0.20% p.a. |
180 - 269 days | at maturity | 0.30% p.a. | 0.30% p.a. |
270 - 364 days | at maturity | 0.35% p.a. | 0.35% p.a. |
365 - 395 days | annually | 0.40% p.a. | 0.40% p.a. |
365 days | half yearly interest | 0.35% p.a. | 0.35% p.a. |
365 days | quarterly interest | 0.32% p.a. | 0.32% p.a. |
365 days | monthly interest | 0.30% p.a. | 0.30% p.a. |
For investment inquiries over $300,000 please contact the Treasury on (02) 4934 0103 or treasury@themutual.com.au
Savings and Investments |
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Minimum : | $100,000 |
Account-keeping fee : | $0 |
Choice of fixed terms : | 30 days to 3 years |
Interest payment frequencies : | Optional |
Important Information
We have not considered your objectives, financial situation or needs. You should consider these things and the Product Disclosure Statement before making decisions.
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.