The Mutual BankInternet Saver Business
An online savings account for businesses.
At a glance
- Base rate
- 2.50%
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.
Each institution's best interest-paying business account, base plus any bonus. One dot per institution, at its highest business savings rate anyone can apply for; hover or tap a dot for its name.
| Rate | This account | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Business savings accountEach institution's best interest-paying business account, base plus any bonus | 2.50% | 5.40%Great Southern Bank Business+'s Business+ Saver | 0.55%of 34 institutions | 7th highest of 34 |
Rates
Every rate The Mutual Bank publishes for this account, 4 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariablePenalty Interest will be charged on overdrawn accounts. | - | - | - | 20.00% | - | - |
| Variable | - | - | up to $5,000 | 2.50% | - | paid every 1 mo |
| Variable | - | - | $1,000,000+ | 2.50% | - | paid every 1 mo |
| Variable | - | - | $5,000–$1,000,000 | 2.50% | - | paid every 1 mo |
Rate changes
3 changes logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 15 Oct 2026 | Variable, up to $5,000 | 2.25% | 2.50% | up 0.25 |
| 15 Oct 2026 | Variable, $1,000,000+ | 2.25% | 2.50% | up 0.25 |
| 15 Oct 2026 | Variable, $5,000–$1,000,000 | 2.25% | 2.50% | 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
8 fees published, grouped by when they're charged.
When you take it out1
- BECS_SPONSORSHIP
Subject to approval if your business requests sponsorship within BECS. $500.00 upfront fee, $0.25 per non direct debit item for The Mutual Bank, $Nil per direct debit item for The Mutual Bank.
$500
When you make a transaction1
- UNCLAIMED_MONIES_FEE
The lessor $20.00 or account balance. Payable when an account is classified as dormant.
$20
When particular things happen6
- 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 - 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
Features
Eligibility and limits
- Available to businesses
Compare it with others
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Published by Maitland Mutual Limited under the Consumer Data Right, last changed by them on 14 Oct 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.