Compare Teachers Mutual Bank savings accounts
Teachers Mutual Bank provides day to day banking accounts, savings accounts and term deposits, giving you the ability to choose as per your needs.
Teachers Mutual Bank began operations in 1966 and offers membership to individuals related to the education sector as well as their family members. This mutual bank has more than 160,000 members and holds more than $4.5 billion in assets. It has branches in ACT, NSW, WA and it has online banking systems in place.
Teachers Mutual Bank savings accounts, bank accounts and term deposits
Teachers Mutual Bank savings accounts
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Teachers Mutual Bank bank accounts
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Teachers Mutual Bank term deposits
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What are the pros and cons of banking with the Teachers Mutual Bank?
Pros
- Variety of accounts
- Easy access to account information
Cons
- Has a handful of branches spread across few Australian cities, and this can be a drawback for people who wish to bank in person
How to apply for a Teachers Mutual Bank savings account
Applying online for a new bank account is fast and easy. You'll need identity documents such as your driving licence or passport. For more about the process, check out our full guide to opening an account online.
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Read more on Bank Accounts
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Teachers Mutual Bank Edvest Term Deposit
Enjoy a guaranteed return on investment over 3 to 36 months with a Teacher's Mutual Edvest term deposit account.
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Teachers Mutual Bank Term Deposit
Give your money the benefit of a high interest savings account boost with a flexible term deposit that allows you to structure the terms to meet your needs.
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Teachers Mutual Bank Everyday Direct Account
The Everyday Direct Account gives you the chance to bank the way you want without accumulating extra fees.
I wish to invest money in a 6 month deposit above $5000.
Retired teacher. What is the process please?
I like it smooth and simple not stressful please.
Hi Ange,
Thanks for your comment. It’s good looking after your financial health!
The process to apply for a Teacher’s Mutual Bank depends on how you want to apply. It can be online, in person, or over the phone. To apply online, simply click on the MORE button on the right side of the type of account you want to apply for.
You will be directed to the official webpage of Teachers Mutual Bank where you will be guided carefully on how to apply.
As a friendly reminder, review the eligibility criteria, fees, interest rates, and terms & conditions of the chosen account before applying. You may also contact the bank should you have any questions about their product.
Hope this helps and feel free to reach out to us again for further assistance.
Best,
Nikki
Can I open a term deposit account if I am not a current member of Teachers Mutual Bank nor in the teaching field?
Hi Michael,
Thank you for getting in touch with Finder.
You can invest with their term deposit account even if not a member or from any teaching field but there’s a limit. You can be a member even if you do not have any teaching or teaching-related background. Please see details below for the membership requirements:
-Be an Australian citizen or permanent resident
-Be at least 18 years or over
-Provide your identification documents with your full name, date of birth and address (e.g. Driver’s Licence, Passport)
-Subscribe to one-time membership ($10.00)
I hope this helps.
Thank you and have a wonderful day!
Cheers,
Jeni
If I am an Australian resident but not have any teaching past or present history. Can I make an investment in to anyone of your term deposits for any length of term up to 5 years?
Hi David,
Thank you for getting in touch with finder.
To invest on one of term deposits offered by Teachers Mutual Bank, you must be a Teachers Mutual Bank member. To qualify as a Teachers Mutual Bank member, you should meet any of the following criteria:
-You work in the Australian education sector, or are retired and worked in this sector
-You are studying teaching and are a member of a relevant education union
-You are a family member of an existing Teachers Mutual Bank member
-You are a member of a relevant industrial association
-You have Teachers Health Fund membership
I hope this helps.
Please feel free to reach out to us if you have any other enquiries.
Thank you and have a wonderful day!
Cheers,
Jeni