Our banking and savings accounts can help you take control of your money, giving you financial freedom today, tomorrow and in the future.

Everyday banking

Accounts for everyday transactions.

Everyday Direct account

An all-in-one bank account that provides flexibility, security and hassle-free online transactions.

Learn more

  • $0 Monthly account fees
  • $0 Electronic transactions
  • $0 Bank@Post transactions
  • $0 Dishonours
  • $0 Pay Anyone

Combine with our Target Saver Account to reach your savings goals

Everyday banking icon (of a card in a wallet) plus Target Saver (of an arrow hitting a target and a dollar sign).

Maximise your savings! Earn up to 5.50%p.a. variable rate on every dollar saved, with no monthly account fees and no maximum deposit limit (Deposits over $5,000,000 are subject to acceptance at the bank’s discretion).

Earning bonus interest is easy. Each month, deposit a minimum of $1000 while making no withdrawals and you’ll earn the bonus 5.49%p.a. variable interest rate on top of your 0.01%p.a variable base rate to super-charge your savings.

To qualify for your bonus interest, all you have to do each month is:

  • Deposit a minimum of $1000
  • Make no withdrawals
  • Keep a positive balance in your account at all times
  • Account Resources

    Listen to our podcast series

    Join host, Alan Waugh, Chief Sales Officer at Teachers Mutual Bank, and financial coach Betsy Westcott.

    In our Better Money Management podcast series, we'll cover essential topics including budgeting, saving, and being credit healthy. Listen in whilst on the go for information, tools and tips you need to boost your financial wellbeing and work towards the life goals that matter most to you.

    If you haven’t joined Teachers Mutual Bank yet

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    What bank accounts can I link to my Everyday Direct account?

    You can link all of your Teachers Mutual Bank accounts – including mortgages and loans – to your Everyday Direct account to easily transfer funds, track your savings and manage your bills and spending.

    Who can become a Member of Teachers Mutual Bank?

    Membership is open to citizens or permanent residents of Australia who are current or retired employees in the Australian education sector or are family members of members (i.e. shareholders) of the Bank.

    How can I deposit and withdraw funds?

    Teachers Mutual Bank offers a variety of ways to make transactions. You can deposit or withdraw funds via Internet Banking, our Mobile Banking App, through your Mobile Wallet or PayID4, 5, in one of our branches, or at one of more than 10,000 fee-free ATMs nationwide.

    Can’t find the answers you’re looking for? Read all our FAQs in our Help Centre.


    A man sits on a couch, using his laptop and holding a phone to his ear. The Teachers Mutual Bank Security Promise logo is overlaid next to the man.

    Teachers Mutual Bank Security Promise

    Our commitment to you

    Our Teachers Mutual Bank Security Promise is your guarantee we are working around the clock to protect you, your identity and your money. This includes repaying money lost to fraud so long as you’ve complied with our terms and conditions and haven’t contributed to the loss.