Savings Interest Rates

Footnotes:

• ¹ Calculated daily on whole balance, paid monthly on the last day of the month. Bonus rate applies where the balance has been retained and at least one deposit of $1.00 or more has been made with no withdrawals during the month, otherwise the Standard Rate applies.
• ² Calculated daily on the portion of the balance which falls within each of the tiers and paid monthly on the last day of the month. To be eligible for this account you must be a pensioner or a self funded retiree.
• ³ Interest is calculated daily on the portion of the balance which falls within each of the tiers and paid monthly on the last day of the month unless otherwise stated. This is a savings account available to members aged 12 to under 18 years. The account is also available to adults with a child or children under 12 years of age, where the membership is owned and operated by the parents’ or guardians. At the age of 12, the child can apply for their own membership at Australian Mutual Bank. Only one account per child. Any accounts held under a parent or guardians name will therefore be required to be closed.

* Different Terms available at request. Retail deposits only. Interest will be credited at maturity and annually for terms over 12 months. Terms greater than 3 months can be paid monthly or fortnightly at a rate of 0.10% p.a. below the published rates. Interest will only be compounded to the principal at maturity. Interest payments made other than on maturity will be credited to an allocated savings account or transferred electronically to a previously agreed external account. Early redemption rate: 0.05%