Looking to Give Your Savings a Boost? Here’s How.
- intouch Magazine
- 13 hours ago
- 2 min read
If you’ve been thinking about growing your savings, now’s a great time to act. The Mutual Bank is offering a generous bonus interest rate that could help you make the most of your money, without jumping through hoops.
Until 31 August 2025, customers who open an Internet Saver account can earn up to 4.25% p.a. interest on balances up to $250,000. Deposit new to bank money to earn 2.25% p.a. base interest rate + 2.00% p.a. bonus interest rate for 90 days from the date of deposit.
So why is this worth considering?
More interest, less hassle
This account is designed to reward you for saving. By depositing new funds before the end of August, you’ll unlock a higher interest rate for the first 90 days.
No monthly fees
There are zero account-keeping fees, so your savings stay intact and keep growing.
Simple to get started
Just deposit new-to-bank money before 31 August. That’s it.
A few things to keep in mind
• The bonus interest applies only to new money, funds that haven’t been held with the bank before.
• If you don’t deposit new money during the promotional period, you’ll earn the base interest rate.
• Withdrawals during the 90-day bonus period may reduce the interest you earn.
Ready to get started?
Opening an Internet Saver account is easy, simply visit the website at www.themutual.com.au/internetsaver or get in touch with The Mutual Bank team at 1300 688 825 or email info@themutual.com.au.
Whether you’re saving for a holiday, a home, or just building a buffer, this offer is a smart way to get ahead. But it won’t last forever, make your move before 31 August.
Start supercharging your savings today!
Important Information
Tiered interest rates apply: Different interest rates may apply to different portions of account balances. Fees and charges may apply. Bonus rate promotion: Earn 4.25% p.a. interest by depositing new money to The Mutual Bank (excluding funds you currently have in existing accounts) between 1 June 2025 to 31 August 2025. Bonus Interest of 2.00% p.a. applies for 90 days from the date of each deposit of new money, less withdrawals made, during the promotional period, in addition to the base rate of 2.25% p.a. Interest rates are subject to change. For more information visit www.themutual.com.au. Maitland Mutual Limited trading as The Mutual Bank ABN 94 087 651 983 AFSL/Australian credit licence 238139.
