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Savings Account Interest Rates

The Mutual offers a range of Savings Accounts with competitive interest rates to suit your individual needs.

Internet Saver Account

Interest Rate (p.a.)
Over $5,000 - (maximum $1,000,000) 1.10% pa
Interest is calculated by applying the daily percentage rate applicable to the daily balance as set out to the entire balance and paid on the last day of every month.*

 

Bonus Saver Account

Interest Rate (p.a.)
Over $2 2.00% pa2
Interest is calculated by applying the daily percentage rate1 applicable to the daily balance to the entire balance and paid on the last day of every month.*

 

Cash Management Account

Interest Rate (p.a.)
Up to $5,000 0.00% pa
$5,000 and over 0.00% pa
$20,000 and over 0.10% pa
$50,000 and over 0.10% pa
$100,000 and over 0.10% pa
$200,000 and over 0.75% pa
$500,000 and over 1.00% pa
Interest is calculated by applying the daily percentage rate1 applicable to the daily balance to the entire balance and paid 3 monthly on 31st March, 30th June, 30th September and 31st December.*

 

Christmas Club Account

Interest Rate (p.a.)
Over $2 0.20% pa
Interest is calculated by applying the daily percentage rate1 to the different portions of the daily balance and paid 6 monthly on 30 June and 31 December.*

Mighty Mutual  Account

Interest Rate (p.a.)
Over $2 2.20% pa
Interest is calculated by applying the daily percentage rate1 to the daily balance and paid 6 monthly on 30 June and 31 December. Bonus Interest of 10% of the amount of interest earned is payable if there are no withdrawals for the 6 month period ended on these dates.*

All Savings Account interest rates are effective as at 4 April 2018.

Questions

If you have any questions, please contact us

This is Part 3 of the Product Disclosure Statement (PDS). It must be read in conjunction with:

Part 1 - Key Features and Terms and Conditions and Part 2 - Schedule of Fees, Charges and Transaction Limits.

You should consider the PDS in its entirety in decding whether to acquire or continue to hold any of the products the subject of the PDS.

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.

1 The daily percentage rate is the applicable annual percentage rate divided by 365.
2 Interest will be calculated and paid if there has been at least $1.00 deposited 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.

 

 

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View all rates