Members and non-members can take advantage of excellent returns on our term deposits:
Effective 21 March 2013
| Popular terms |
I10 Term deposits
$5,000 - $499,999 |
I20 and I39 Term deposits
$5,000 - $499,999 |
I40 Term deposits
$5,000 - $499,999 |
| 3 months |
4.20%pa |
4.25%pa |
4.15%pa |
| 6 months |
4.05%pa |
4.10%pa |
4.00%pa |
| 12 months |
4.25%pa |
4.30%pa |
4.20%pa |
Features include:
- no account keeping fee
- terms from 3 to 36 months
- a guaranteed rate
- $1,000 gets you started
- interest paid monthly, 12 monthly or at maturity
- if you’re an Edvest member, you receive special benefits.
Term deposits between $500 and $999 can be opened by members aged 14 to 23 and New Teachers members.
Interest rates
> View our current interest rates.
Fees and charges
Enjoy a low fee environment at Teachers Mutual Bank.
Account keeping fees
Early withdrawal penalty
Internet and phone banking balance enquiries
(for members only) |
$0
2% less than rate lodged at
Free |
> Refer to our fees and charges
Viewing your term deposit balance
When your term deposit is opened we will send you a 'Term Deposit Certificate' containing your deposit details. In addition, if you're a member you can access your term deposit balance via:
- Internet banking
- Phone banking
- Statements
Maturity
We will advise you in writing when your deposit is nearing maturity.
First Home Saver account
If you're an aspiring homeowner, our First Home Saver account can help you save for your first home faster. For members and non-members.
Edvest - Over 50s
Rewards begin at 50 with Edvest. For Teachers Mutual Bank members.
Online Savings account
If you like the convenience of saving online and being rewarded with a high interest rate, consider an Online Savings account. For Teachers Mutual Bank members.
Cash Management account
Need a good return with at call access to your funds? Consider a Cash Management account. For Teachers Mutual Bank members.
Financial Planning
If you are interested in other investment options, why not attend a financial planning seminar or see a Bridges financial planner to get the right advice.