Australian Mutual Bank
Edvest Cash Management account
Exclusive to Edvest members, our higher interest rates make your money work harder for you.
Savings & transaction accountsBank updated 13 July 2026
At a glance
- Base rate
- 1.00%
§ 01 — Rates · 6
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | — | — | up to $2,000 | 1.00% | — | paid every 1 mo |
| Variable | — | — | $10,000–$20,000 | 1.00% | — | paid every 1 mo |
| Variable | — | — | $2,000–$5,000 | 1.00% | — | paid every 1 mo |
| Variable | — | — | $20,000–$50,000 | 1.00% | — | paid every 1 mo |
| Variable | — | — | $5,000–$10,000 | 1.00% | — | paid every 1 mo |
| Variable | — | — | $50,000+ | 1.00% | — | paid every 1 mo |
§ 02 — Fees · 1
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| EDVEST_MEMBERSHIP | Periodic | $30 | Every 1 yr | An annual charge debited from the Everyday Direct account on each Edvest membership in January and on a pro-rata basis for new Edvest members. |
§ 03 — Features
Instant paymentsPayIDDigital bankingUnlimited transactions
§ 04 — Eligibility & limits
- · Residency: Individuals must be citizens or permanent residents of Australia.
- · This product is only available to members who are 50 years or older and part of our Edvest benefit scheme and currently hold an Everyday Direct or Bill Paying account with us.
- · You must be a member. Membership is open to current or retired employees of the Australian education sector or family members of members (i.e. shareholders) of the Bank.
§ 05 — Compare
§ 06 — Run the numbers
Put this product through a calculator
Published by Australian Mutual Bank LTD under the Consumer Data Right, last changed by them on 13 July 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.