The Mutual BankBonus Saver
A savings account that pays a competitive interest rate when at least one deposit and no withdrawals are made in the calendar month.
At a glance
- Up to
- 4.25%
- Base rate
- 0.00%
- Bonus rate
- 4.25%
How it compares
This account in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
| Rate | This account | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Bonus savings accountBase plus bonus, when every condition is met | 4.25% | 5.75%Defence Bank Limited's iSaver | 5.25%of 51 institutions | 44th highest of 51 |
Rates
Every rate The Mutual Bank publishes for this account, 3 in all.
How the rate is made up
4.25%in a month every condition is met
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Bonus | - | - | - | 4.25% | - | paid every 1 mo; Interest will be paid if there has been at least one deposit and no withdrawals during the calendar month. Interest credits do not constitute a deposit. If conditions not met no interest will be paid. |
| VariablePenalty Interest will be charged on overdrawn accounts. | - | - | - | 20.00% | - | - |
| Variable | - | - | - | 0.00% | - | paid every 1 mo |
Rate changes
One change logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 2 Nov 2026 | Bonus | 4.00% | 4.25% | up 0.25 |
Each change is logged the night it appears in the rates Maitland Mutual Limited publishes. See how every lender answered the RBA on the rate tracker.
Fees
12 fees published, grouped by when they're charged.
When you make a transaction2
- UNCLAIMED_MONIES_FEE
The lessor $20.00 or account balance. Payable when an account is classified as dormant.
$20 - PHYSICAL_FOREIGN_CURRENCY
1% of Australian currency equivalent amount. Payable when physical foreign currency is issued or purchased.
1.00% of transaction
When particular things happen10
- CHEQUE_DISHONOUR
A dishonoured cheque is a cheque that is not paid by the financial institution on which it is drawn. A dishonour fee will apply each time the cheque is presented for payment and dishonoured.
$9 - DIRECT_ENTRY_DISHONOUR
Payable when a direct entry (inward and outward) is dishonoured.
$9 - DOCUMENT_FEE
$60.00 per hour (subject to minimum $10.00 per copy). Payable if you request copies of documents such as withdrawal forms or statements, or you ask us to verify a transaction performed on your Accoun…
$60 - DORMANT_ACCOUNT_FEE
This fee is charged to each of your Deposit Accounts closed due to dormancy. The lesser of $20.00 or the account balance.
$20 - FINANCIAL_INSTITUTION_CHEQUE
Payable when you request us to issue a financial institution cheque.
$2.50 - MISCELLANEOUS_SERVICE_FEE
$60.00 per hour. Payable if you request information not covered by the Document Fee.
$60 - ONLINE_INTERNATIONAL_TRANSFER_(OUTWARD)
Payable if you use online banking to transfer funds internationally.
$30 - OVERDRAWN_FEE
If your Account is overdrawn, without our prior agreement, a fee will be charged each time this occurs. Penalty interest (at the rate disclosed on the Deposit Interest Rate Schedule) will also be cha…
$9 - OVERSEAS_TELEGRAPHIC_TRANSFER_(OUTWARD)_-_AUSTRALIAN_CURRENCY
Payable if we assist you send funds electronically overseas in Australian dollars.
$50 - OVERSEAS_TELEGRAPHIC_TRANSFER_(OUTWARD)_-_FOREIGN_CURRENCY
Payable if we assist you send funds electronically overseas in a foreign currency.
$30
Features
- Staff assisted transactions - Branch and Contact Centre
Eligibility and limits
- Minimum age 12
- Residency: Australian citizen or a permanent resident of Australia or otherwise approved
- Available to individuals
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Published by Maitland Mutual Limited under the Consumer Data Right, last changed by them on 1 Nov 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.