Member owned. Member focused.
Member-owned from day one
We were created for one simple reason: to give our members a better deal in banking.
More than 60 years ago, in the Chemistry Department at the University of Western Australia, a group of academics set out to pool their resources and back one another pursue their goals. They believed there could be a fairer alternative to the big banks of the day - one that understood academic life and put people before profit. That idea became UniBank, and it still guides us today.
We’re proudly member owned and focused on the needs of university staff, students and alumni. That means we don’t answer to external shareholders. We answer to our members - the people who are a part of the bank and rely on it every day.
Unibank is part of Teachers Mutual Bank Limited - one of Australia’s largest member-owned banks. Alongside Teachers Mutual Bank, Australian Mutual Bank Health Professionals Bank and Firefighters Mutual Bank, we proudly serve more than 280,000 members.
Good rates are just the start
Save on fees
$0 monthly fees on savings and transaction accounts, so more of your money stays yours.
Better terms
Home loan assessments with no minimum employment period required for permanent and regular part-time teachers.
Real People
Mobile bankers who meet you at work, at home or over the phone, plus an Australian-based call centre, staffed by people who take the time to listen.
Real Support
Pause-for-cause repayment relief when you need it most, including during parental leave.
The power of mutual banking
You own us
When you join as a member, you don’t just bank with us – you own a share of the bank. One member. One equal share.
Your voice counts
As a member, you have a say. You get to vote on key decisions and help shape the future of UniBank.
We invest in you
Because we don’t pay dividends to external shareholders, we put profits back where they belong – into better rates and improved products and services for members.
We invest in what matters to you
Supporting teachers goes beyond banking. Our profits also help fund scholarships, grants and programs that back teachers to develop, grow and lead.
We bank responsibly
As a certified B Corporation1, we’re committed to responsible banking. That means we don’t lend to industries that harm people or the planet - including fossil fuels, tobacco or gambling.
And it all comes full circle
Members’ savings help fund loans for other teachers. Their repayments strengthen the bank and support members in return. Instead of flowing to outside investors, money stays within the teaching community – creating a virtuous cycle that benefits everyone.
Joining is easy
Eligibility criteria
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Be an Australian citizen or permanent resident.
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Be either:
- Employed by, or retired from an Australian university
- Studying or have graduated from an Australian university
- Immediate family to a UniBank member.
Not sure if you can join? Let’s talk.
What you need to apply
- An Australian residential address
- Identification documents with your full name, date of birth and address, such as a birth certificate or driver’s licence or passport, AND Medicare card
- Tax File Number
If you’re setting up an account for a child, here’s what you need to know:
Quick tip: To open a membership or account for a child, parents or guardians must already be members of the Bank.
For children under 13
- As the child’s parent or legal guardian, you’ll need to open the account for them.
- You’ll need to provide the child’s birth certificate or passport.
- The child can’t be an account signatory yet — but once they turn 13, they can.
- When they turn 18, they will become responsible for managing their own account.
For children aged 13–17
- The account can be opened by a parent or guardian or by the child themself.
- If the child is opening the account, they’ll need to show either a birth certificate or a passport.
- Children 13 and older can be added as a signatory, as well as parents and guardians.
- When they turn 18, they will become responsible for managing their own account.
Earn up to ~MSA_PUT_250000_Combi~
Deposit $100 or more and make no withdrawals each month to get your bonus rate2,3.
REACH YOUR GOALS FASTER WITH MOMENTUM SAVER
Deposit $100 or more and make no withdrawals each month to get your bonus rate2,3.
- 58 is correct as of 2 June 2025. Deposit Bank – Developed Capital Markets as defined on bcorporation.net
- 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.
- 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.