Get the Finder app 🥳

Track your credit score

Free

Teachers Mutual Bank Online Savings Account

Last updated:  

Open a flexible Online Savings Account with Teacher’s Mutual Bank today and watch your savings grow.

With a Teacher's Mutual Online Savings Account, you receive an ongoing interest rate of 0.5% on your first $2,000. Account holders who are able to deposit more than $2,000 will receive bonus interest on their balance. This bonus saver account offers multiple ways to access your savings and transfer funds without incurring fees, and while enjoying competitive interest rates.

0.5% p.a.

Maximum variable rate

0.5% p.a.

Base interest rate

We’re committed to our readers and editorial independence. We don’t compare all products in the market and may receive compensation when we refer you to our partners, but this does not influence our opinions or reviews. Learn more about Finder .

Details

Product NameTeachers Mutual Bank Online Savings Account
Maximum Variable Rate0.5% p.a.
Standard Variable Rate0.50%
Bonus Variable Rate0.00%
Monthly Account Fee$0
Minimum Opening Deposit$0
Minimum Age18

Key features

$0 Account keeping fees

There are no monthly service fees with the online savings account from Teacher’s Mutual Bank.

Low assistance fees

You will be charged $3 for each transaction that requires the assistance of a Teacher’s Mutual Bank staff member.

Launch savings calculator


How to apply

Eligibility

First ensure that it will be accepted by going over the following eligibility requirements:

  • Minimum age. Only applicants who are at least 18 years of age will be accepted.
  • Residency requirements. You must either be an Australian citizen or permanent resident to become a member of Teacher’s Mutual Bank.

Ask an expert

To ask a question simply log in via your email or create an account.

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site