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Our accounts can help you take control so you have money for today, tomorrow and your future.
Gain fast and easy access to your money with our Everyday accounts.
The account for all your day-to-day banking needs, with minimal fees and packed with features.
The all-in-one bank account that provides flexibility and has you covered for all your electronic transactions.
The account that allows you to separate your money for bill. So you don't miss a payment.
Conditions of use - Accounts and access Fees and charges
Earning a good return on your money is just a step away. With so many options available, there’s a saving solution to achieve your goals.
A high-interest online savings account linked to your online banking to provide unlimited access to your money.
Be rewarded with a great ongoing variable bonus interest rate when you save your money regularly.
Get a higher return on your savings and access to your Cash Management account when you need it.
A high interest Online Savings account linked to your online banking. Specifically to help new teachers get started.
Exclusive to Edvest members, our higher interest rates make your money work harder for you.
An account for members receiving a pension or allowance from Centrelink or Veteran Affairs.
Whether you're saving for your children's education, or Christmas - there's an account to help you get started.
With our Christmas Savings account you have the whole year to save for Christmas.
Looking for a professionally managed savings investment product, to build a nest egg to fund education expenses for your children?
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Help your kids learn the fundamentals of banking and managing money with our Tiny Monsters Bank*. Tiny Monsters Bank is a resource for children and grown-ups which is filled with activities that stimulate, educate and engage children while they learn about money.
*Tiny Monsters Bank brought to you by Teachers Mutual Bank
We've created Teen banking to help teenagers develop good money habits, and bring sanity into their life. Find out how we can help them save their hard earned cash.
Enjoy a fixed rate of return for the nominated term, so you exactly what your investment's worth.
Learn moreView rates
Earning a good return on your money is just a step away for both members and non-members.
Be rewarded with an extra 0.05% bonus interest. Exclusive to Rewards Package members.
Not a member? No worries, you can take advantage of great returns on our term deposits.
Term deposits between $500 and $999 can be opened by members aged 14 to 23 and New Teachers members.
Interest rate effective from 16 February 2015 and is subject to change without notice. For deposits over $500,000 rates are by negotiation and subject to acceptance. View the Conditions of use – Accounts and Access, and Fees and Charges brochure, also available from any of our offices. You should consider whether this product is appropriate for you before acquiring it.
Interest can be paid monthly, 12 monthly or at maturity on the Member, Edvest, Rewards Package and Customer Term Deposits and fortnightly on the Edvest Term Deposit. The Customer Term Deposit interest is calculated on the daily closing balance of the account and can be credited (compounded) to the term deposit account annually or on maturity. Term deposits lodged for more than 12 months must have interest paid at least every 12 month period as well as at maturity and can be compounded to the principal. Fortnightly and monthly interest payments cannot be compounded to the principal.
Term deposits interest rates are subject to change without notice. However, your interest rate is guaranteed for the term of your chosen deposit, except for Edvest Term Deposit, where if your Edvest membership is cancelled, your Edvest Term Deposit will be transferred to a comparable non-Edvest Term Deposit for the remaining term providing the remaining term is 3 months or more. If the remaining term is less than 3 months, your Edvest Term Deposit balance will automatically be transferred to your Everyday or Everyday direct account. Terms and conditions are available on request.
You cannot make a partial withdrawal if the remaining balance will be less than the minimum opening balance required for the account. You must then withdraw the whole balance (minus any interest corrections) and close the account.
The reduced rate is currently 2% lower than the rate specified on your Term Deposit Certificate.
1 For deposits over $500,000, rates are by negotiation and subject to acceptance.
2 If you cancel or do not renew your Rewards Package by paying the annual fee each year you will no longer be eligible for the rewards benefits. As a result the term deposit will be transferred to a comparable term deposit for the remaining term, providing the remaining term is 3 months or more or if the remaining term is less than 3 months, your term deposit balance will automatically be transferred to your account. Reduced interest is paid on term deposits if you withdraw your funds before the end of the proposed term.
Fetes, raffles, sausage sizzles… We can give you a better way to raise the level of your hard earned funds with a Teachers Mutual Bank term deposit.
Simply request our special P&C association pack which contains everything you need to know about our term deposits and how you can open one.
If you need approval from your P&C committee, we may be able to arrange for one of our Business Relationship Managers to be present at your next meeting.
Useful information for making the most of your Teachers Mutual Bank accounts.