Everyday banking made easier
Starter Saver
Under 30 or at Uni? Get a head start.
Grow your money with a great variable rate on balances up to $50,0001 – no strings attached.
- No monthly fees or minimum deposits4
- No penalties for withdrawals
- No short-term intro rates that vanish
Earn up to
~SSA_PU_50000~
On balances up to and including $50,0001.
Effective date ~SSA_EFD~
Momentum Saver
Saving for something special? Earn more when you grow your balance.
Unlock a great bonus rate when you deposit $100 or more before 5pm (Sydney time) on the last day of the month and make no withdrawals2.
- No monthly fees4
- No short-term teaser rates
Earn up to
~MSA_PUT_250000_Combi~
Combined variable interest rate on balances up to $250,0001.
Effective date ~MSA_EFD~
Essential Saver
Want more flexibility without giving up on returns?
Access your savings anytime and still earn a great variable rate.
- No monthly fees4
- No minimum or regular deposit requirements
- No intro rates that vanish
- Open up to nine accounts to save for different goals
Earn up to
~ESA_PUT_250000~
Variable interest rate on balances up to $250,0001.
Effective date ~ESA_EFD~
Pension Advantage account
Receiving a Government Pension?
A simple, secure everyday account with fewer fees and easy access to your money.
- Receive your pension directly into your account
- No minimum balance requirements
- No monthly account keeping fees4
- No withdrawal fees4
- Optional Visa Debit card
Edvest Cash Management account
Exclusively for over 50s
A flexible way to manage your cash with additional Edvest program benefits.
- Bonus interest on term deposits
- No monthly account fees4
- No minimum balance
- Unlimited deposits and withdrawals
- Quarterly financial and lifestyle insights
Everyday Direct account
A simple, low-cost account for your everyday banking.
A no-hassle bank account with all the essentials and none of the fees.
- No monthly account keeping fees4
- No electronic transaction fees4
- No Bank@Post transaction fees4
- Mobile App5 for easy money management
- Mobile Wallet6 compatible
- PayID for quick and easy payments7
- Australia-wide access at our branches, 3,500 Bank@Post locations and over 10,000 ATMs
Term Deposit
Lock in a fixed rate for guaranteed returns and peace of mind
Choose a term that suits you and know exactly what you’ll earn.
- Invest from as little as $1,000
- Terms from 3 to 36 months
- Interest paid monthly
- No set up or monthly account-keeping fees4
Earn up to
~TD_12_5000_499999~
For 12 months
$1,000 - $1,000,0001,3
Effective date ~TD_EFD~
Credit Card
The simple, affordable credit card designed to keep costs down.
Enjoy a great introductory rate, no annual fee, and all the essentials you need from a low‑cost credit card.
- ~CC_Intro~ introductory rate for six months, then ~CC_P_IR~
- Up to 55 days on interest-free on eligible purchases8
- Limits from $1,000 to $25,0009
- Add additional cardholders for free
- Visa Zero Liability10 purchase protection
TOOLS AND CALCULATORS
Help and resources
Are you experiencing financial difficulty?
If you find yourself under financial pressure, there’s a good chance we can help. Whatever the issue, let’s talk it through.
Membership eligibility applies to join the Bank. All applications for credit are subject to our responsible lending criteria. Fees and charges apply.
For products and services, Conditions of Use - Accounts and Access, and Fees and Charges apply. These may change or we may introduce new features or fees and charges in the future. Full details are available on this website or on request. This information is general in nature and does not take your personal objectives, circumstances or needs into account. Consider its appropriateness to these factors before acting on it. Read the disclosure documents for your selected product or service, including the Terms and Conditions before deciding. Unless otherwise specified, the products and services described on this website are available only in Australia from or through Teachers Mutual Bank Limited ABN 30 087 650 459 AFSL and Australian Credit Licence 238981.
You can find our Credit Card terms and conditions available online or from any of our offices.
1. Deposits over $5,000,000 (in aggregate across all your savings accounts) are subject to acceptance at the bank's discretion. The interest rate(s) applicable are dependent on the relevant interest rate tier(s) based on account balance.
2. Bonus Interest - Bonus interest is earned for each month you deposit a minimum of $100 and make no withdrawals during the calendar month, and the account has a credit balance. Deposits must be made into your Momentum Saver account before 5pm Sydney time on the last day of the month.
3. Term Deposits – A $1,000 minimum applies to member and customer term deposits. For deposits of $1,000,000.01 and over, rates are by negotiation and subject to acceptance. View the Conditions of Use - Accounts and Access, and Fees and Charges brochure, also available from any of our offices. You should consider whether this product is appropriate for you before acquiring it. Interest can be paid monthly, 12 monthly or at maturity on the Member, Edvest, and Customer Term Deposits and fortnightly on the Edvest Term Deposit. Term Deposit interest is calculated on the daily closing balance of the account and can be credited (compounded) to the term deposit account annually or on maturity. Term deposits lodged for more than 12 months must have interest paid at least every 12-month period as well as at maturity and the interest can be compounded to the principal. Fortnightly and monthly interest payments cannot be compounded to the principal.
Early withdrawal: You cannot withdraw or transfer funds from a term deposit account prior to maturity unless you give us thirty-one days’ notice. The notice period commences on the first business day after you provide notice to us. If you believe that you may have a need to immediately withdraw or transfer funds before maturity, please select a more suitable deposit product. Where you give us notice of early withdrawal and the maturity date is less than thirty-one days from the date of notice, we will not release the funds until maturity. Upon early withdrawal or transfer, we will reduce the interest payable. An adjustment may be required where we have paid interest to you prior to you making an early withdrawal. Where an adjustment is required, we will deduct the applicable amount from the deposit balance paid to you. The reduced rate is currently 0.5% lower than the rate specified on your Term Deposit Certificate.
4. Fees and Charges Refer to the Fees and charges brochure for details on fees and charges.
5. Mobile App - You should consider whether this service is appropriate for you before acquiring it. For additional information please refer to our Security Guide for electronic transactions and the Mobile App Terms of Use. Internet connection is needed to access the Mobile App. Normal mobile data charges apply. We test mobile banking to ensure compatibility with the majority of popular devices, but cannot guarantee compatibility with all devices and operating systems. The Mobile App is free to download, however your mobile network provider may charge you for accessing data on your phone. We recommend that you read the App Terms of Use and consider if this service is appropriate to you prior to making a decision to use the Mobile App. We test the Mobile App to ensure compatibility with the majority of popular devices, but cannot guarantee that it will be compatible with all devices and operating systems.
6. Mobile Wallet - You should consider whether this service is appropriate for you before acquiring it. Terms and conditions apply to the use of Mobile Wallet and are available on our website. Access to the system is subject to availability and maintenance. We do not charge a fee to allow you to use your Visa card via your Mobile Wallet. Internet data charges may be incurred through your mobile service provider – check with your Internet Service Provider for more details.
Google Pay - You should consider whether this service is appropriate for you before acquiring it. Terms and conditions apply to the use of Google PayTM and Teachers Mutual Bank Limited Mobile Wallet and are available on our website. Smart phone must be NFC (Near Field Communication) enabled and running Lollipop 5.0 and above. Access to the system is subject to availability and maintenance. We do not charge a fee to allow you to use your Visa card in Google PayTM. Internet data charges may be incurred through your mobile service provider – check with your Internet Service Provider for more details. Android, Google PayTM and Google logo are trademarks of Google Inc.
Apple Pay - You should consider whether this service is appropriate for you before acquiring it. Terms and conditions apply to the use of Apple Pay and Teachers Mutual Bank Limited Mobile Wallet and are available on our website. Access to the system is subject to availability and maintenance. We do not charge a fee to allow you to use your Visa card in Apple PayTM. Internet data charges may be incurred through your mobile service provider – check with your Internet Service Provider for more details. Apple, the Apple logo, Apple Pay, Apple Watch, iPad and iPhone are trademarks of Apple Inc, registered in the U.S. and other countries. Apple Pay works with iPhone 6 and later in stores, apps and websites in Safari; with Apple Watch in stores and apps, with iPad Pro, iPad Air 2 and iPad mini 3 and later in apps and websites; and with Mac in Safari with an Apple Pay enabled iPhone 6 or later or Apple Watch. For a list of compatible Apple Pay devices, see https://support.apple.com/en-au/102896.
Samsung Pay - You should consider whether this service is appropriate for you before acquiring it. Terms and conditions apply to the use of Samsung Pay and Teachers Mutual Bank Limited Mobile Wallet and are available on our website. Access to the system is subject to availability and maintenance. We do not charge a fee to allow you to use your Visa card in Samsung Pay. Internet data charges may be incurred through your mobile service provider – check with your Internet Service Provider for more details. For more information and a list of compatible Samsung Pay devices visit our page about Samsung Pay.
The Apple logo is a trademark, and the App Store is a service mark, of Apple Inc.
Google Play and the Google Play logo are trademarks of Google LLC.
7. PayID - PayID Terms of Use apply in respect of any PayID you create, attempt to create or request that we create for an Account and must be read together with any other terms and conditions that apply to the relevant Account. The complete PayID Terms of Use can be reviewed and accepted before you create any PayID within your Internet Banking.
8. To receive the full interest-free period, you must pay your closing balance in full by the due date. Interest applies to cash advances and balance transfers.
9. Credit limits are subject to approval and eligibility criteria. Terms and conditions apply.
10. Visa’s Zero liability policy covers Australian and New Zealand- issued cards and does not apply to ATM transactions, transactions not processed by Visa or certain commercial card transactions. Cardholders should notify their issuer promptly of any unauthorised Visa use. Please contact the Bank for additional details.
Design and Distribution Obligations
The target market for this product will be found within the product’s Target Market Determination, available here.
For accounts no longer offered for sale please click here.