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Savings Interest Rates

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View our interest rates for our Transaction, Savings, and Term Deposit Accounts.

Transaction Account Rate p.a.
All balances 0.00% pa  
Savings Motivator Rate p.a.
Highest rate available (includes standard interest + bonus interest) 4.65% pa
Bonus Interest 4.30% pa
Standard Interest 0.35% pa
Pensioner Aware Account Rate p.a.
$0 - $1,999.99 0.01% pa
$2,000.00 - $49,200.00 1.60% pa
Portion above $49,200.00 2.20% pa
iNet Savings Account Rate p.a.
 $0 - $1,999.99 2.55% pa
 $2,000.00 and over 2.55% pa
Young Saver Account Rate p.a.
$0 - $5,000.00 5.50% pa  
$5,000.01 - $10,000.00 2.50% pa
Portion above $10,000.00 0.01% pa
Terms Under $5,000
no new deposits *		 $5,000 - 
$99,999.99 *		 $100,000 - 
$249,999.99 *		 $250,000 - 
$999,999.99 *
3 months 1.80% pa 3.70% pa 3.75% pa 3.80% pa
4 months 1.80% pa 3.75% pa 3.80% pa 3.85% pa
5 months 1.80% pa 3.90% pa 3.95% pa 4.00% pa
6 months 1.95% pa 4.15% pa 4.20% pa 4.25% pa
7 months 1.95% pa 4.35% pa 4.40% pa 4.45% pa
8 months 1.95% pa 4.20% pa 4.25% pa 4.30% pa
9 months 1.95% pa 4.20% pa 4.25% pa 4.30% pa
10 months 1.95% pa 4.30% pa 4.35% pa 4.40% pa
11 months 1.95% pa 4.35% pa 4.40% pa 4.45% pa
12 months 2.15% pa 4.70% pa 4.75% pa 4.80% pa
13-15 months 2.15% pa 3.90% pa 3.95% pa 4.00% pa
16-18 months 2.15% pa 3.90% pa 3.95% pa 4.00% pa
19-21 months 2.15% pa 3.90% pa 3.95% pa 4.00% pa
22-24 months 2.15% pa 3.90% pa 3.95% pa 4.00% pa
25-30 months 2.15% pa 3.70% pa 3.75% pa 3.80% pa
31-36 months 2.15% pa 3.70% pa 3.75% pa 3.80% pa

Why choose Australian Mutual Bank?

  • 100% Customer owned

    On becoming a member of our bank, you're not just a customer, you're an owner!

  • Ethical banking

    The benefit of our members, society, and the planet drives everything we do

  • Friendly service

    Our number one goal is to give you the best overall banking experience we can

  • Safe and secure

    Eligible deposits are protected by the Financial Claims Scheme

Footnotes:

  • 1 Calculated daily on whole balance, paid monthly on the last day of the month. Bonus rate applies where the balance has been retained and at least one deposit of $1.00 or more has been made with no withdrawals during the month, otherwise the Standard Rate applies.
  • 2 Calculated daily on the portion of the balance which falls within each of the tiers and paid monthly on the last day of the month. To be eligible for this account you must be a pensioner or a self funded retiree.
  • 3 Interest is calculated daily on the portion of the balance which falls within each of the tiers and paid monthly on the last day of the month unless otherwise stated. A savings account available to members aged 12 to under 18 years. Account is also available to members under 12 years of age, where the membership is held in the parents’ name in trust for the young member. Only one account per child.

* Different Terms available at request. Retail deposits only. Interest will be credited at maturity and annually for terms over 12 months. Terms greater than 3 months can be paid monthly or fortnightly at a rate of 0.10% p.a. below the published rates. Interest will only be compounded to the principal at maturity. Interest payments made other than on maturity will be credited to an allocated savings account or transferred electronically to a previously agreed external account. Early redemption rate: 0.05%

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Australian Mutual Bank acknowledges the Traditional Owners and Custodians of the land where our office is located in Surry Hills, Sydney as the Gadigal people of the Eora Nation. We further acknowledge the Traditional Owners and Custodians of Country from where our members and employees reside.

We extend our deep respect to Elders, past and present, and emerging Community leaders for their continued connections and reciprocal relationships that protect and care for Country for a sustainable future.

Disclosures | Security | Privacy | BSB: 611 100

Any advice or information on this site does not take into account your personal objectives, financial situation or needs and you should consider whether it is appropriate for you. Please review Australian Mutual Bank Ltd Account and Access Facility Conditions of Use and Financial Services Guide before acquiring the product.

© Australian Mutual Bank Ltd | ABN 93 087 650 726 | Australian credit licence 236476 | AFSL 236476.