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Mighty Mutual Account

A savings account for children.

Savings & transaction accountsBank updated 1 Nov 2026
Product page ↗Fees and pricing ↗Terms ↗

At a glance

Up to
4.95%
Base rate
4.50%
Bonus rate
0.45%

Rates

Every rate The Mutual Bank publishes for this account, 2 in all.

How the rate is made up

4.95%in a month every condition is met

4.50% base rate0.45% bonus, when its conditions are met
TypeApplies toTermBandRateComparisonConditions
Bonus---0.45%-paid every 1 mo; Bonus interest is payable if there are no withdrawals for the month.
Variable---4.50%-paid every 1 mo

Rate changes

2 changes logged, newest first.

DateRateWasNowChange
2 Nov 2026Bonus0.42%0.45%up 0.03
2 Nov 2026Variable4.25%4.50%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

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

Instant paymentsPayIDDigital bankingUnlimited transactions
  • Passbook account only
  • Staff assisted transactions - Branch and Contact Centre

Eligibility and limits

  • Maximum age 18
  • Residency: Australian citizen or a permanent resident of Australia or otherwise approved
  • Available to individuals

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.