The Mutual Bank will make changes to its deposit and lending interest rates following the Reserve Bank of Australia's decision on 17 March 2026 to increase the official cash rate by 0.25% to 4.10%.
Chief Member Officer, Matthew Dunnill, said The Mutual Bank continues to carefully balance the needs of both depositor and borrower Members.
“The Mutual Bank’s interest rates remain under regular review, to ensure we remain both competitive and sustainable,” Matthew said.
“We seek to balance the needs of both our depositor Members and borrower Members, by delivering consistently competitive rates across our range of products.”
Term Deposits
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Term Deposit rates will increase for most terms, effective 20 March 2026
Savings Accounts
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Some Savings Account interest rates will increase by 0.25%, effective 9 April 2026
Home Loan and Business Lending Changes
For existing borrowers:
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Variable interest rates for Owner Occupied, Investment, Business and Commercial Home Loans will increase by 0.25% p.a., effective 9 April 2026. Members will receive written notification outlining their revised repayment amounts.
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Fixed interest rates for Owner Occupied, Investment and Business Loans will increase, effective 23 March 2026.
Support for Members Experiencing Financial Pressure
Matthew encouraged any Member feeling the impact of rising living costs to reach out early.
“Please reach out to your Lending Manager, visit a branch or phone our Hunter-based Contact Centre Team on 1300 688 825. Based on your circumstances, our team can assess your eligibility for a range of support options such as loan deferrals, interest-only periods, or other appropriate relief.”
Members can view the full list of The Mutual Bank’s current interest rates here.
