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Teachers Mutual Bank Cash Management Account

Use a cash management account to earn daily interest on your balance while retaining access to your money when you need it.

You must be currently working in or retired from Australia's education sector, or the family member of someone who is. With this account members get a savings account with full accessibility, a tiered interest rate when your balance is over a certain amount as well as unlimited free transactions over the phone or online. Consider the Teacher's Mutual Cash Management Account for hybrid benefits.

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0.20% p.a.

Maximum variable rate


Base interest rate

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Product NameTeachers Mutual Bank Cash Management Account
Maximum Variable Rate0.20% p.a.
Standard Variable Rate0.10% p.a.
Monthly Account Fee$0
Minimum Opening Deposit$0
Minimum Age18

Review by

Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs.

Expert review

Teacher’s Mutual Bank is for members only.

Key features

Zero monthly and transaction fees

No account keeping fees, no fees for accessing your account online or over the phone and free unlimited phone and internet transfers.

Earn 0.2% p.a. interest on $5,000 and above

A nominal 0.1% interest is earned on balances of up to $4,999, but 0.2% is earned on balances of $5,000 and above.

Launch savings account calculator

How to apply


Check the eligibility requirements before getting started.

  • Minimum age. You must be at least 18 years of age to apply.
  • Residency requirement. Only applications from permanent Australian residents will be accepted for this account.

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