The Mutual Bank
Christmas Club
A savings account for the festive period, where members can access the funds between 1 November and 31 January.
Savings & transaction accountsBank updated 15 Sept 2026
At a glance
- Base rate
- 1.00%
§ 01 — Rates · 1
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableInterest is paid 6 monthly on 30 June and 31 December. | — | — | — | 1.00% | — | paid every 6 mo |
§ 02 — Fees · 11
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| UNCLAIMED_MONIES_FEE | Cash advance | $20 | — | The lessor $20.00 or account balance. Payable when an account is classified as dormant. |
| CHEQUE_DISHONOUR | Event | $9 | — | 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. |
| DIRECT_ENTRY_DISHONOUR | Event | $9 | — | Payable when a direct entry (inward and outward) is dishonoured. |
| DOCUMENT_FEE | Event | $60 | — | $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… |
| DORMANT_ACCOUNT_FEE | Event | $20 | — | This fee is charged to each of your Deposit Accounts closed due to dormancy. The lesser of $20.00 or the account balance. |
| MISCELLANEOUS_SERVICE_FEE | Event | $60 | — | $60.00 per hour. Payable if you request information not covered by the Document Fee. |
| ONLINE_INTERNATIONAL_TRANSFER_(OUTWARD) | Event | $30 | — | Payable if you use online banking to transfer funds internationally. |
| OVERDRAWN_FEE | Event | $9 | — | 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… |
| OVERSEAS_TELEGRAPHIC_TRANSFER_(OUTWARD)_-_AUSTRALIAN_CURRENCY | Event | $50 | — | Payable if we assist you send funds electronically overseas in Australian dollars. |
| OVERSEAS_TELEGRAPHIC_TRANSFER_(OUTWARD)_-_FOREIGN_CURRENCY | Event | $30 | — | Payable if we assist you send funds electronically overseas in a foreign currency. |
| PHYSICAL_FOREIGN_CURRENCY | Transaction | 1.00% of transaction | — | 1% of Australian currency equivalent amount. Payable when physical foreign currency is issued or purchased. |
§ 03 — Features
Instant paymentsPayIDDigital bankingUnlimited transactions
- · Passbook account only
- · Staff assisted transactions - Branch and Contact Centre
§ 04 — Eligibility & limits
- · Minimum age 12
- · Residency: Australian citizen or a permanent resident of Australia or otherwise approved
- · Available to individuals
§ 05 — Compare
§ 06 — Run the numbers
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Published by Maitland Mutual Limited under the Consumer Data Right, last changed by them on 15 Sept 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.