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Loan Saver

Flexibility of an at call account while reducing the interest on your home loan.

Our Loan Saver account is a transaction account available with variable rate home loans. The interest the Loan Saver earns reduces the interest payable on your home loan. The Loan Saver account gives you the flexibility of an “at call” account while reducing the interest on your home loan.

Product Features:

Everyday Banking
Monthly fee : $0
Mutual Visa Debit Card : Available
ATM/Eftpos access : Yes
Internet banking : Yes
The Mutual App : Yes
PayID/Osko® : Yes
BPAY® : Yes
Mutual Alerts : Available
Bank@Post : Yes, with a linked Mutual Visa Debit Card

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Important Information

Both the Loan Saver and 100% Loan Offset accounts have been approved by the Australian Taxation Office only on the basis that no interest is earned. The interest offset accrues on these accounts up to the point where the balance of the account equals the balance owing on the home loan. No interest offset accrues on the portion of the balance of the Loan Saver or 100% Loan Offset account which exceeds the balance outstanding on the loan.

® Registered to BPAY Pty Ltd ABN 69 079 137 518

    

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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.

Information is current as at date of appearance and is subject to change. Eligibility and lending criteria, conditions, fees, and charges apply to all loans. Interest rates, fees, and charges may change without notice. Maitland Mutual Limited trading as The Mutual Bank ABN 94 087 651 983 AFSL/Australian credit licence 238139.

The Mutual Bank acknowledges the Traditional Custodians of Country across Australia and recognises their continuing connection to lands, waters and communities. We pay our respects to Aboriginal and Torres Strait Islander cultures and to Elders past and present.