The Mutual Bank
Internet Saver
An online savings account.
Savings & transaction accountsBank updated 3 Aug 2026
At a glance
- Base rate
- 3.25%
§ 01 — Rates · 6
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariablePenalty Interest will be charged on overdrawn accounts. | — | — | — | 20.00% | — | — |
| VariableInterest is calculated by applying the daily percentage rate to the different portions of the daily balance and paid monthly on the last day of each month. | — | — | up to $25,000 | 3.25% | — | paid every 1 mo |
| VariableInterest is calculated by applying the daily percentage rate to the different portions of the daily balance and paid monthly on the last day of each month. | — | — | $100,000–$250,000 | 3.25% | — | paid every 1 mo |
| VariableInterest is calculated by applying the daily percentage rate to the different portions of the daily balance and paid monthly on the last day of each month. | — | — | $25,000–$50,000 | 3.25% | — | paid every 1 mo |
| VariableInterest is calculated by applying the daily percentage rate to the different portions of the daily balance and paid monthly on the last day of each month. | — | — | $250,000+ | 3.25% | — | paid every 1 mo |
| VariableInterest is calculated by applying the daily percentage rate to the different portions of the daily balance and paid monthly on the last day of each month. | — | — | $50,000–$100,000 | 3.25% | — | paid every 1 mo |
§ 02 — Fees · 7
| 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. |
| 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… |
§ 03 — Features
Instant paymentsPayIDDigital bankingUnlimited transactions
- · Up to 3 sub accounts
§ 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 3 Aug 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.