Mighty Saver account Receive bonus interest on your savings by saving more and not withdrawing. Talk to us Phone us Email us Breadcrumbs Teachers Mutual Bank Accounts Mighty Saver account 2.81%pa Combined interest rate $0 Minimum Balance $0 Access Fee Apply Mighty Saver Account is a high interest savings account for Under 18 year olds that rewards savings. Save as little as $10 each month, make no withdrawals during the month and ensure your account has a credit balance at all times and we'll reward you with great bonus interest rates! No minimum balance Bonus interest rate* 1 free withdrawal each month* Save as little as $10 a month* Apply Mighty Saver account Avoiding and minimising fees Join Savings calculator Features and benefits Rates and fees Have you considered? Features and benefits Features and benefits Designed for Under 18s Teachers Mutual Bank members, it is easy to get started. This account pays bonus interest each month when a minimum amount of $10 is deposited, no withdrawals are made and the account has a credit balance at all times during that month. If all criteria are not met, the standard interest rate will apply. There is a limited allocation of free withdrawals before excess usage applies. Enjoy: No minimum balance 24/7 access via internet, mobile app and phone banking Bonus interest earned for each month you deposit a minimum of $50 (or for Mighty Saver a minimum of $10 during a month), make no withdrawals during the month and the account has a credit balance at all times during that month One free withdrawal per month* (when you withdraw in a month you lose the additional interest for that month). Direct credits Track payments with SMS and email alerts Access to online banking anywhere, anytime View all accounts Rates and fees Interest rates Combined interest rate 2.81%pa Reward interest rate 1.81%pa Interest rate 1.00%pa Interest rates effective date Interest rates effective 1 September 2016 Interest rates type Variable Other information Minimum Balance $0 Excess Usage Fee $1.50 Additional Statements Fee $7 per month Withdrawal Limits 1 free withdrawal each month - conditions apply For full details of our fees please review the Fees and charges brochure. Have you considered? Here are some other ways we can help you Introducing our Tiny Monsters Bank, brought to you by Teachers Mutual Bank, and teen banking - created for every child, from tiny tots to young adults. They teach kids to be money smart in a way that they learn. By being engaging, fun and age-appropriate. Learn more Switch to Teachers Mutual Bank Once you’re a member, switching all your banking to Teachers Mutual Bank is easier than ever. Make the switch Our other savings accounts Achieve your savings goals sooner by choosing the savings account which works best for you. View all accounts Make the most of your money overseas Purchase a Cash Passport Platinum MasterCard for your next trip. Learn more To become a member, you'll need: To be a family member of a TMB member + Account details to purchase your share in the bank + Details on income and expenses Join *Important information Conditions of use—Accounts and access Fees and charges brochure Back to top.