The Mutual Bank Bonus Saver
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Bonus Saver is a savings account from The Mutual Bank. It pays 4.25% p.a. in a month in which the conditions below are met and 0.00% when they are not.
Rate tiers
Every balance band in the bank's feed: base is the rate when the bonus conditions are not all met, bonus the add-on for meeting them, conditional the two together.
| Balance | Base | Bonus | Conditional |
|---|---|---|---|
| $0+ | 0.00% | 4.25% | 4.25% |
The bonus is paid on top of the base rate in a month in which the conditions are met; conditional is the two together, and the base rate is what is paid otherwise.
The feed states no cap on the balance that earns the bonus.
Conditions
For the bonus rate
- no withdrawals in the month
Other conditions
- not updated by the bank since 2026-11-01, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed
Features
- app
- yes
- Osko
- yes
- PayID
- yes
- BPAY
- yes
- notifications
- yes
- transactions
- unlimited
Other features, in the bank's words:
- Staff assisted transactions - Branch and Contact Centre
Fees, limits and who can open it
- monthly fee
- no monthly fee stated
- other fees named
- PHYSICAL_FOREIGN_CURRENCY (no amount in the feed)
- interest paid
- monthly
- interest calculated
- daily
- age
- ages 12 and over
- open to
- personal customers
Who can open it, in the bank's own words:
- residency: Australian citizen or a permanent resident of Australia or otherwise approved
About this account
A savings account that pays a competitive interest rate when at least one deposit and no withdrawals are made in the calendar month.
Data
- The 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 5 November 2026.
- We read the bank's own page and terms against this page on 1 November 2026: bonus-saver, important-documents, www.themutual.com.au, www.themutual.com.au; conditions they state and its feed does not are listed above.
/au/finance/savings-accounts/v1/brands/maitland-mutual-limited.json: this bank's accounts and every balance band as JSON; The Mutual Bank's page lists them.- The bank last updated this record on 1 November 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 The Mutual Bank
- Christmas Clubstale savings account, 1.00% base at $50,000
- Internet Saverstale savings account, 3.50% base at $50,000
- Internet Saver Businessstale savings account, 2.50% base at $50,000
- Mighty Mutual Accountstale savings account, 4.95% conditional at $50,000
- Retirement Accountstale savings account, 2.00% base at $50,000
- Cash Managementstale cash management account, 0.01% base at $50,000
- Everyday Accountstale transaction account, 0.00% base at $50,000
- Everyday Business Accountstale transaction account
All of The Mutual Bank's accounts on its page, with its best rates per segment and rate kind, and every account at every bank.
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Deep Almanac is a secondary source and this page is provided for general information and reference. It is not financial, investment, legal, valuation, educational or other professional advice, and it is not a substitute for checking the original source. Rates change without notice, bonus interest is paid only in the months an account's conditions are met, and banks may apply conditions not captured here. You are responsible for any decision you or your software makes in reliance on this page. See our terms of use.