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The Mutual Bank will make changes to a range of deposit and lending interest rates following the Reserve Bank of Australia’s decision on 3 February 2026 to increase the official cash rate by 0.25% to 3.85%.  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.”    Recent Term Deposit Increases  In anticipation of the RBA decision, The Mutual Bank recently increased several Term Deposit interest rates:  Four-month Term Deposit: now 4.3% p.a.  Twelve-month Term Deposit: now 4.25% p.a.    Savings Account Updates  Savings Account interest rates will increase by 0.25%, effective 1 March 2026.    Home Loan and Business Lending Changes  For existing borrowers:  Variable Home Loan interest rates — including Owner Occupied, Investment, Business, and Commercial loans — will increase by 0.25% p.a. from 23 February 2026. Members will receive written notification outlining their new repayments.  Fixed Loan interest rates will increase:   Owner Occupied: +0.2%  Investment & Business Loans: +0.25% Effective 6 February 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.    About The Mutual Bank  The Mutual Bank is a customer-owned bank headquartered in East Maitland and has been helping people thrive since 1888. Our Budget Home Loan has proudly won the Mozo Experts Choice Home Loan Award in the Low-Cost Home Loan category for three consecutive years, as well as multiple WeMoney Awards, including Customer Owned Bank Lender of the Year for 2025.   

Looking to protect your home, car, or investment property? Now’s the perfect time. From 27 October to 7 December 2025, The Mutual Bank is offering a $100 eGift card for every new eligible CGU insurance policy taken out. Whether it’s Building, Contents, Landlords, or Comprehensive Motor Vehicle Insurance, you’ll be rewarded for helping secure your peace of mind. How it works Take out a new eligible CGU policy through The Mutual Bank. Ensure your policy starts during the offer period and is paid in full or first instalment. Receive your $100 eGift card via email or SMS within 8 weeks of the campaign end. Ready to insure and be rewarded? Visit CGU Insurance campaign, call into a branch or call us on 1300 688 825. Promotion valid from 27 October until 7 December 2025. The eGift Card will be provided per eligible policy, not per person. Terms  and conditions apply.  The Mutual Bank ABN 94 087 651 983, AFSL 238139 acts under its own AFSL and under an agreement with the issuer Insurance Australia Limited ABN 11 000 016 722, AFSL 227681 under the CGU brand. Any advice provided is general advice only and does not take into account your individual objectives, financial situation or needs (your personal circumstances). Before using this advice to decide whether to purchase a product, you should consider your personal circumstances and the relevant the PDS and TMD from the CGU website https://www.cgu.com.au/partner/policy-booklets.  

We’re excited to launch our new campaign designed to support first home buyers with a generous cashback offer and access to government schemes. Starting 16 October, eligible borrowers can enjoy a $5,000 cashback when they meet specific conditions, making the dream of home ownership even more achievable. Both Owner Occupied and Investment loans are eligible for the cashback offer. Making first home ownership even closer, eligible first home buyers can also access the Australian Government 5% Deposit Scheme. This means they can buy a first home with as little as 5% deposit and no need to pay Lenders Mortgage Insurance if they meet the eligibility criteria for the scheme. Learn more. Cashback offer is available for new applications submitted between 16 October and 30 November 2025 and settled by 30 April 2026. Excluding construction loans where settlements may vary. Offer can be withdrawn at any time, minimum loan amount $500,000. Only available for eligible first home buyers for purchases and new builds. To be eligible to receive the bonus your salary must be directed to your Everyday Account or 100% Offset Account. View full Terms and Conditions for the First Home Buyer Cashback Offer.