The Mutual Bank Everyday Account
transaction accountstale
Everyday Account is a transaction account from The Mutual Bank. At $50,000 it pays 0.00% 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.
| Balance | Base |
|---|---|
| $0 – $50,000stepped: paid on the part of the balance in this band | 0.00% |
| $50,000.01+stepped: paid on the part of the balance in this band | 0.01% |
The rates are stepped: each band's rate is paid on the part of the balance that falls in it, so a balance across several bands earns a blend of them.
Conditions
- not updated by the bank since 2026-09-15, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed
Features
- card
- Visa Debit Card
- app
- yes
- Osko
- yes
- PayID
- yes
- BPAY
- yes
- notifications
- yes
- transactions
- unlimited
- wallets
- Apple Pay & Google Pay
Fees, limits and who can open it
- monthly fee
- no monthly fee stated
- other fees named
- PHYSICAL_FOREIGN_CURRENCY, FOREIGN_CURRENCY_CONVERSION_SERVICE_FEE, REPLACEMENT_CARD_FEE_-_VISA_DEBIT_CARD, ATM_OWNER_FEE (no amount in the feed)
- interest paid
- half-yearly
- 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
An everyday transaction account with no monthly account keeping fees.
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 22 October 2026.
/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 15 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 The Mutual Bank
- Bonus Saverstale savings account, 4.25% conditional at $50,000
- 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 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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