Australian Mutual Bank Everyday Business Account

transaction accountoccupation membershipstale

Everyday Business Account is a transaction account from Australian Mutual Bank. At $50,000 it pays 0.01% p.a. with no bonus conditions.

Not ranked: a transaction (everyday) account, not a savings account.

Rate tiers

Every balance band in the bank's feed: base is the rate the bank pays.

Each rate is paid on the whole balance: the balance falls into one band and earns that band's rate.

Conditions

• Membership limited to current or retired employees of the Australian education sector or family members of members (i.e. shareholders) of the Bank (the lender's words)
• not updated by the bank since 2026-09-09, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed
• also open to self-managed super funds (SMSFs): the bank's own words are "an Australian company, partnership, trust, sole trader, incorporated association, self-managed super fund, government body or registered co-operative."

Features

card

Visa Debit with payWave (amb have Visa Debit Card)

app

yes

Osko

yes

PayID

yes

BPAY

yes

notifications

yes

transactions

unlimited

wallets

Apple Pay, Google Pay, Samsung Pay

Other features, in the bank's words:

• Make deposits and withdrawals through a Bank@Post facility at Australia Post outlets. For full details refer to our Conditions of Use. Fees and charges apply

Fees, limits and who can open it

monthly fee

no monthly fee stated

other fees named

INTERNATIONAL_CONVERSION_FEE, COMPANY_SEARCH (no amount in the feed)

interest paid

monthly

interest calculated

daily

open to

SMSF and business customers

occupation membership

open only to people in certain occupations, or the lender takes members only from them

Who can open it, in the bank's own words:

• Membership is open to everyone. Visit our website for more details.
• residency: Individuals must be citizens or permanent residents of Australia.
• business: Only business clients may apply for the account

About this account

An easy and efficient way to manage your business.

Data

• Australian Mutual Bank's own page for this account.
• The bank's documents its product record links to: terms and conditions, fees, eligibility.
• Our verbatim snapshot of the bank's product record (source), as fetched on 22 October 2026.
• /au/finance/savings-accounts/v1/brands/australian-mutual-bank-ltd.json: this bank's accounts and every balance band as JSON; Australian Mutual Bank's page lists them.
• The bank last updated this record on 9 September 2026. Rates are per annum as the bank states them; "stale" means the bank has not updated the record for over 60 days or since the latest cash rate change.

Other accounts at Australian Mutual Bank

• Business Saver Account savings account, 2.95% base at $50,000
• Essential Saver Account savings account, 5.50% base at $50,000
• Momentum Saver Accountstale savings account, 5.35% conditional at $50,000
• Pension Advantage Account savings account, 3.50% base at $50,000
• Starter Saver Account savings account, 5.75% base at $50,000
• Edvest Cash Management Account cash management account, 1.50% base at $50,000
• Everyday Direct Accountstale transaction account, 0.00% base at $50,000

All of Australian Mutual Bank's accounts on its page, with its best rates per segment and rate kind, and every account at every bank.