The Mutual BankInternet Saver
An online savings account.
At a glance
- Base rate
- 3.50%
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.
| Rate | This account | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| No bonus conditionsPaid whatever you deposit or spend | 3.50% | 4.80%MoveBank's Online Saver | 2.25%of 61 institutions | 17th highest of 61, level with 2 others |
Rates
Every rate The Mutual Bank publishes for this account, 6 in all.
| 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 | 3.50% | - | 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 | 3.50% | - | 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 | 3.50% | - | 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+ | 3.50% | - | 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 | 3.50% | - | paid every 1 mo |
Rate changes
5 changes logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 2 Nov 2026 | Variable, up to $25,000 | 3.25% | 3.50% | up 0.25 |
| 2 Nov 2026 | Variable, $100,000–$250,000 | 3.25% | 3.50% | up 0.25 |
| 2 Nov 2026 | Variable, $25,000–$50,000 | 3.25% | 3.50% | up 0.25 |
| 2 Nov 2026 | Variable, $250,000+ | 3.25% | 3.50% | up 0.25 |
| 2 Nov 2026 | Variable, $50,000–$100,000 | 3.25% | 3.50% | 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
7 fees published, grouped by when they're charged.
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
- Up to 3 sub accounts
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.