Savings Interest Rates

Footnotes:

• ¹ Calculated daily on the whole balance based on the rate applicable for the balance tier and paid monthly on the last day of the month unless otherwise stated.
• ² Calculated daily on whole balances. Bonus rate applies where the balance has been retained and at least one processed deposit of $1.00 or more has been made with no withdrawals during the month, otherwise the Standard Rate applies. Noting that as a result of end of month processing requirements, transactions received after 12pm (AEST) on the last day of the month may be processed the following day impacting bonus interest eligibility.
• ³ 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.
• ⁴ 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. Interest is paid at maturity. For terms greater than 3 months you may at the time of application select monthly interest payments, which will be paid at a rate of 0.10% p.a below the published rates. For terms greater than 12 months, at the time of application you may request interest be paid annually. Interest will only be compounded to the principal at maturity. Interest payments made at times other than maturity will be credited or paid to your nominated account at our Bank or another Bank. If you do not nominate an account, interest will be credited to an account you hold with our Bank. Early redemption rate: 0.05%.