The Mutual Bank
Term Deposit
The Mutual Bank · term deposits
Provider last updated this product 2026-10-01.
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A Term Deposit which offers a fixed rate for terms up to 36 months.
Deposit rates
| Type | Rate | Term | Calculated | Applies to | Conditions | Interest |
|---|---|---|---|---|---|---|
| FIXED | 1.45% | 1 months | daily | $1,000 - $499,999, Term Deposit_Tier | - | calculated daily |
| FIXED | 1.50% | 1 months | daily | $500,000 - $5,000,000, Term Deposit_Tier | - | calculated daily |
| FIXED | 1.95% | 2 months | daily | $1,000 - $499,999, Term Deposit_Tier | - | calculated daily |
| FIXED | 2.00% | 2 months | daily | $500,000 - $5,000,000, Term Deposit_Tier | - | calculated daily |
| FIXED | 4.85% | 3 months | daily | $1,000 - $499,999, Term Deposit_Tier | - | calculated daily |
| FIXED | 4.90% | 3 months | daily | $500,000 - $5,000,000, Term Deposit_Tier | - | calculated daily |
| FIXED | 5.40% | 4 months | daily | $1,000 - $499,999, Term Deposit_Tier | - | calculated daily |
| FIXED | 5.40% | 4 months | daily | $500,000 - $5,000,000, Term Deposit_Tier | - | calculated daily |
| FIXED | 4.90% | 5 months | daily | $1,000 - $499,999, Term Deposit_Tier | - | calculated daily |
| FIXED | 4.90% | 5 months | daily | $500,000 - $5,000,000, Term Deposit_Tier | - | calculated daily |
| FIXED | 5.20% | 6 months | daily | $1,000 - $499,999, Term Deposit_Tier | - | calculated daily |
| FIXED | 5.20% | 6 months | daily | $500,000 - $5,000,000, Term Deposit_Tier | - | calculated daily |
| FIXED | 3.95% | 7 months | daily | $1,000 - $499,999, Term Deposit_Tier | - | calculated daily |
| FIXED | 3.95% | 7 months | daily | $500,000 - $5,000,000, Term Deposit_Tier | - | calculated daily |
| FIXED | 3.95% | 8 months | daily | $1,000 - $499,999, Term Deposit_Tier | - | calculated daily |
| FIXED | 4.00% | 8 months | daily | $500,000 - $5,000,000, Term Deposit_Tier | - | calculated daily |
| FIXED | 3.95% | 9 months | daily | $1,000 - $499,999, Term Deposit_Tier | - | calculated daily |
| FIXED | 4.00% | 9 months | daily | $500,000 - $5,000,000, Term Deposit_Tier | - | calculated daily |
| FIXED | 3.95% | 10 months | daily | $1,000 - $499,999, Term Deposit_Tier | - | calculated daily |
| FIXED | 4.00% | 10 months | daily | $500,000 - $5,000,000, Term Deposit_Tier | - | calculated daily |
| FIXED | 3.95% | 11 months | daily | $1,000 - $499,999, Term Deposit_Tier | - | calculated daily |
| FIXED | 4.00% | 11 months | daily | $500,000 - $5,000,000, Term Deposit_Tier | - | calculated daily |
| FIXED | 5.30% | 12 months | daily | $1,000 - $499,999, Term Deposit_Tier | - | calculated daily |
| FIXED | 5.15% | 12 months | daily | $1,000 - $499,999, Term Deposit_Tier | - | calculated daily, paid monthly |
| FIXED | 5.15% | 12 months | daily | $1,000 - $499,999, Term Deposit_Tier | - | calculated daily, paid quarterly |
| FIXED | 5.20% | 12 months | daily | $1,000 - $499,999, Term Deposit_Tier | - | calculated daily, paid half-yearly |
| FIXED | 5.30% | 12 months | daily | $500,000 - $5,000,000, Term Deposit_Tier | - | calculated daily |
| FIXED | 5.20% | 12 months | daily | $500,000 - $5,000,000, Term Deposit_Tier | - | calculated daily, paid monthly |
| FIXED | 5.20% | 12 months | daily | $500,000 - $5,000,000, Term Deposit_Tier | - | calculated daily, paid quarterly |
| FIXED | 5.25% | 12 months | daily | $500,000 - $5,000,000, Term Deposit_Tier | - | calculated daily, paid half-yearly |
| FIXED | 1.45% | 1 months | daily | $1,000 - $499,999, 1 - 1 months | - | calculated daily |
| FIXED | 1.50% | 1 months | daily | $500,000 - $5,000,000, 1 - 1 months | - | calculated daily |
| FIXED | 1.95% | 2 months | daily | $1,000 - $499,999, 2 - 2 months | - | calculated daily |
| FIXED | 2.00% | 2 months | daily | $500,000 - $5,000,000, 2 - 2 months | - | calculated daily |
| FIXED | 4.85% | 3 months | daily | $1,000 - $499,999, 3 - 3 months | - | calculated daily |
| FIXED | 4.90% | 3 months | daily | $500,000 - $5,000,000, 3 - 3 months | - | calculated daily |
| FIXED | 5.40% | 4 months | daily | $1,000 - $499,999, 4 - 4 months | - | calculated daily |
| FIXED | 5.40% | 4 months | daily | $500,000 - $5,000,000, 4 - 4 months | - | calculated daily |
| FIXED | 4.90% | 5 months | daily | $1,000 - $499,999, 5 - 5 months | - | calculated daily |
| FIXED | 4.90% | 5 months | daily | $500,000 - $5,000,000, 5 - 5 months | - | calculated daily |
| FIXED | 5.20% | 6 months | daily | $1,000 - $499,999, 6 - 6 months | - | calculated daily |
| FIXED | 5.20% | 6 months | daily | $500,000 - $5,000,000, 6 - 6 months | - | calculated daily |
| FIXED | 3.95% | 7 months | daily | $1,000 - $499,999, 7 - 7 months | - | calculated daily |
| FIXED | 3.95% | 7 months | daily | $500,000 - $5,000,000, 7 - 7 months | - | calculated daily |
| FIXED | 3.95% | 8 months | daily | $1,000 - $499,999, 8 - 8 months | - | calculated daily |
| FIXED | 4.00% | 8 months | daily | $500,000 - $5,000,000, 8 - 8 months | - | calculated daily |
| FIXED | 3.95% | 9 months | daily | $1,000 - $499,999, 9 - 9 months | - | calculated daily |
| FIXED | 4.00% | 9 months | daily | $500,000 - $5,000,000, 9 - 9 months | - | calculated daily |
| FIXED | 3.95% | 10 months | daily | $1,000 - $499,999, 10 - 10 months | - | calculated daily |
| FIXED | 4.00% | 10 months | daily | $500,000 - $5,000,000, 10 - 10 months | - | calculated daily |
| FIXED | 3.95% | 11 months | daily | $1,000 - $499,999, 11 - 11 months | - | calculated daily |
| FIXED | 4.00% | 11 months | daily | $500,000 - $5,000,000, 11 - 11 months | - | calculated daily |
| FIXED | 5.30% | 12 months | daily | $1,000 - $499,999, 12 - 12 months | - | calculated daily |
| FIXED | 5.15% | 12 months | daily | $1,000 - $499,999, 12 - 12 months | - | calculated daily, paid monthly |
| FIXED | 5.15% | 12 months | daily | $1,000 - $499,999, 12 - 12 months | - | calculated daily, paid quarterly |
| FIXED | 5.20% | 12 months | daily | $1,000 - $499,999, 12 - 12 months | - | calculated daily, paid half-yearly |
| FIXED | 5.30% | 12 months | daily | $500,000 - $5,000,000, 12 - 12 months | - | calculated daily |
| FIXED | 5.20% | 12 months | daily | $500,000 - $5,000,000, 12 - 12 months | - | calculated daily, paid monthly |
| FIXED | 5.20% | 12 months | daily | $500,000 - $5,000,000, 12 - 12 months | - | calculated daily, paid quarterly |
| FIXED | 5.25% | 12 months | daily | $500,000 - $5,000,000, 12 - 12 months | - | calculated daily, paid half-yearly |
| FIXED | 5.10% | 24 months | daily | $1,000 - $499,999, 24 - 24 months | - | calculated daily, paid monthly |
| FIXED | 5.10% | 24 months | daily | $1,000 - $499,999, 24 - 24 months | - | calculated daily, paid quarterly |
| FIXED | 5.15% | 24 months | daily | $1,000 - $499,999, 24 - 24 months | - | calculated daily, paid half-yearly |
| FIXED | 5.20% | 24 months | daily | $1,000 - $499,999, 24 - 24 months | - | calculated daily, paid P12M |
| FIXED | 5.10% | 24 months | daily | $500,000 - $5,000,000, 24 - 24 months | - | calculated daily, paid monthly |
| FIXED | 5.10% | 24 months | daily | $500,000 - $5,000,000, 24 - 24 months | - | calculated daily, paid quarterly |
| FIXED | 5.15% | 24 months | daily | $500,000 - $5,000,000, 24 - 24 months | - | calculated daily, paid half-yearly |
| FIXED | 5.20% | 24 months | daily | $500,000 - $5,000,000, 24 - 24 months | - | calculated daily, paid P12M |
| FIXED | 4.40% | 36 months | daily | $1,000 - $499,999, 36 - 36 months | - | calculated daily, paid monthly |
| FIXED | 4.40% | 36 months | daily | $1,000 - $499,999, 36 - 36 months | - | calculated daily, paid quarterly |
| FIXED | 4.45% | 36 months | daily | $1,000 - $499,999, 36 - 36 months | - | calculated daily, paid half-yearly |
| FIXED | 4.50% | 36 months | daily | $1,000 - $499,999, 36 - 36 months | - | calculated daily, paid P12M |
| FIXED | 4.40% | 36 months | daily | $500,000 - $5,000,000, 36 - 36 months | - | calculated daily, paid monthly |
| FIXED | 4.40% | 36 months | daily | $500,000 - $5,000,000, 36 - 36 months | - | calculated daily, paid quarterly |
| FIXED | 4.45% | 36 months | daily | $500,000 - $5,000,000, 36 - 36 months | - | calculated daily, paid half-yearly |
| FIXED | 4.50% | 36 months | daily | $500,000 - $5,000,000, 36 - 36 months | - | calculated daily, paid P12M |
Fees
| Fee | Type | Amount | Details |
|---|---|---|---|
| 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 Account e.g. evidence of a Visa Debit Card purchase. |
| FINANCIAL_INSTITUTION_CHEQUE | EVENT | $2.50 | Payable when you request us to issue a financial institution cheque. |
| MISCELLANEOUS_SERVICE_FEE | EVENT | $60 | $60.00 per hour. Payable if you request information not covered by the Document Fee. |
| 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% | 1% of Australian currency equivalent amount. Payable when physical foreign currency is issued or purchased. |
| UNCLAIMED_MONIES_FEE | CASH_ADVANCE | $20 | The lessor $20.00 or account balance. Payable when an account is classified as dormant. |
| 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 charged until the Account is brought back in order. |
| 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. |
| FOREIGN_CURRENCY_CONVERSION_SERVICE_FEE | TRANSACTION | 1.00% | A 1% service fee on the Australian dollar equivalent is payable for foreign currency transactions using your Mutual Visa Debit Card. |
Rate history
The figures behind this chart
| From | Until | Rate |
|---|---|---|
| 2026-07-15 | 2026-09-30 | 4.20% |
| 2026-10-01 | 2026-10-26 (current) | 5.40% |
Published figures as captured daily since 2026-07-15. A step is the day the provider's published figure changed; days without a published figure carry the last published value.
Features
- A certificate account only
- Early redemption - 31 calendar days notice required
Who can apply
- residency status - Australian citizen or a permanent resident of Australia or otherwise approved
- businessA domestic business with an ABN or ACN where relevant (e.g. company, sole trader, partnership, association, trust)
- natural personAvailable for personal use
Limits
- opening balance - 1000.00Minimum opening balance $1,000.00
- min balance - 1000.00Minimum balance $1,000.00
The provider's own documents
- Product overview › (opens in a new tab)
- Terms and conditions › (opens in a new tab)
- Eligibility criteria › (opens in a new tab)
- Fees and pricing › (opens in a new tab)
Published by the provider under the Consumer Data Right. These are their documents, not ours - they are the authority on this product.
Last updated by data holder: 2026-10-01T21:35:58.000+10:00 · Product ID: Term_Deposit