If you like the convenience of saving online and to be rewarded with a high interest rate, the Online Savings account is the solution. With this account, you have full control – you can transfer funds, check your balance and more. It’s simple to open in internet banking and only takes a few minutes.
Enjoy:
- no account keeping fee
- higher rate for balances $2,000 and over1
- the ease of connecting with your account, 24/7
- the simplicity of setting up a regular savings plan
- the convenience of managing this account yourself.
Children 10 years and over with internet banking can open an Online Savings account too.
1 New Teachers earn higher rate of interest on the full balance of the account.
Interest rates
Effective 1 January 2013
Online Savings account
Up to $1,999
$2,000 and over |
0.10%pa
3.30%pa |
New Teachers Online Saving account
No minimum balance |
3.30%pa
|
Tiered interest calculated daily and credited monthly. Rates quoted apply to entire balance of account
Fees and charges
Enjoy a low fee environment at Teachers Mutual Bank
Account keeping fees
Number of electronic transactions per month
SMS banking
Internet and phone banking transfers and balance enquiries
Staff assist fee |
$0
unlimited
free
free
$3 |
|
|
New Teachers earn higher rate of interest on the full balance of the account.
> See our full fees and charges
There are many ways to access your Online Savings account:
Internet banking
In internet banking, you can access your account 24/7. Check balances, transactions and do transfers. To withdraw from this account, you will need to do a transfer into your transaction account.
Phone banking
Call 13 21 40 anytime to check balances, transactions and to transfer money.
Direct your pay and income
You can easily arrange for all or part of your pay, dividends, government allowances or other income to be automatically deposited into this account.
Electronic deposits
Transfer from your account at another financial institution to your Online Savings account. This can be set up as a one-off or recurring transfer.
Here are some other ways we can help you:
Switch to Teachers Mutual Bank
Once you’re a member, switching all your banking to Teachers Mutual Bank is easier than ever.
Our other savings accounts
Achieve your savings goals sooner by choosing the savings account which works best for you.
Make the most of your money overseas
By using a Multi-Currency Cash Passport or buying foreign cash or travellers cheques for your next trip.
To open an Online Savings account, you need to be a
member of Teachers Mutual Bank and an internet banking user.
Login to internet banking, go to 'Account Information' and select 'Open Account'.
If you do not have access to internet banking,
register today to open your Online Savings account.