Accounts

Our accounts can help you take control so you have money for today, tomorrow and your future.

Savings accounts

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Certified responsible investment deposit products

All of our new deposit accounts are certified as responsible investment deposit products by the Responsible Investment Association Australasia (RIAA).

Savings accounts

Whether you are starting your savings goal, trying to stay ahead of the Christmas rush or wanting to set up a long term savings strategy, there is an account for you.

Our Savings and Investments interest rates

  • Reward Saver account

    Be rewarded with a great ongoing variable bonus interest rate when you save your money regularly.

    Learn more

    • 1 .85
      pa %
      Combined interest rate
    • 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).
    • Track payments with SMS and email alerts
    • Access to online banking anywhere, anytime
    • Direct credits
    1 .85
    pa %
    Combined interest rate
    Apply Become a member

  • Summer Stash account

    Summer can be an expensive time, but with our Summer Stash account you have the whole year to save.

    Learn more
    • 1 .50
      pa %
      Interest rate
    • Simplicity of setting up a regular savings plan
    • Track payments with SMS and email alerts
    • Access to online banking anywhere, anytime
    • Direct credits
    1 .50
    pa %
    Interest rate
    Apply Become a member

  • Online Savings account

    A high-interest online savings account linked to your online banking to provide unlimited access to your money.

    Learn more

    • 1 .05
      pa %
      $2k and over
    • Track payments with SMS and email alerts
    • Access to online banking anywhere, anytime
    • Direct credits
    1 .05
    pa %
    $2k and over
    Apply Become a member

  • Cash Management account

    Get a higher return on your savings and access to your Cash Management account when you need it.

    Learn more

    • 0 .70
      pa %
      $5k and over
    • Track payments with SMS and email alerts
    • Access to online banking anywhere, anytime
    • Direct credits
    0 .70
    pa %
    $5k and over
    Apply Become a member

Over 50's saving

Whether you are an Edvest member or receiving a pension, our higher interest rates make your money work harder for you.

  • Edvest Cash Management account

    Exclusive to Edvest members, our higher interest rates make your money work harder for you.

    Learn more

    • 0 .75
      pa %
      $2k and over
    • Access to online banking anywhere, anytime
    • Track payments with SMS and email alerts
    • Direct credits
    0 .75
    pa %
    $2k and over
    Apply Become a member

  • Pension Advantage account

    An account for members receiving a pension or allowance from Centrelink or Veteran Affairs.

    Learn more

    • 1 .50
      pa %
      up to $50,000
    • Access to online banking anywhere, anytime
    • Track payments with SMS and email alerts
    • Direct credits
    1 .50
    pa %
    up to $50,000
    Apply Become a member

Under 18's accounts

It’s simple at Teachers Mutual Bank. Our range of Under 18s products and services are tailored to help children and teens get into the habit of saving from a young age. With regular deposits, they can really watch their savings grow.

Tips for parents

Activities centre

  • Mighty Saver account

    Mighty Saver Account is a high interest savings account for Under 18 year olds that rewards savings.

    Learn more

    • 2 .20
      pa %
      Combined interest rate
    • 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
    2 .20
    pa %
    Combined interest rate
    Apply Become a member

P&C Association account

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.

Request a P&C pack
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