Online Savings account

With this account, you have full control – you can transfer funds, check your balance and more. It’s simple to open in internet banking and only takes a few minutes.

No monthly fees

Bank online or on your mobile

Icon of the Teachers Mutual Bank Security Promise.

Protected by our Security Promise

Interest rates
$2k and over	1.75%pa
up to $1,999	1.75%pa
Interest rates effective date	Interest rates effective 1 December 2023
Interest rates type	Variable

Other information

Transaction	Fee
EFTPOS transactions	Free
Money Account Keeping Fee	Free
Excess Usage Charge	Free
Overdrawn Account Fee	Free
Overlimit Fee Free	Free
Australia Post Transactions	Free
Direct Debit Dishonour	Free
Unsuccessful Payment Fee	Free
Online Banking	Free
Periodical Payments	Free

If you haven’t joined UniBank yet

Joining UniBank couldn’t be simpler. Follow the steps below to sign up and open an account.

Check you’re eligible for Membership.
Get the necessary documents together.
Complete an application in just 5 minutes.

Get started

Can I set up an Online Savings account as a joint account?

The account can be opened with a maximum of 2 account holders who both need to be Members. If you choose to open the account as a joint account where both account holders need to authorise withdrawals, both Members can either visit their local branch together, or call the contact centre with both Members present, or complete the Transaction and savings account application form with both Members to sign.

What is the minimum deposit and withdrawal on this account?

There are no minimum deposit or withdrawal restrictions.

Can’t find the answers you’re looking for? Read all our FAQs in our Help Centre.

UniBank Security Promise

Our commitment to you

Our Security Promise is your guarantee we are working around the clock to protect you, your identity and your money. This includes repaying money lost to fraud so long as you’ve complied with our terms and conditions and haven’t contributed to the loss.

*Important information

Conditions of use—Accounts and access

Fees and charges brochure

The Responsible Investment Association Australasia (RIAA)

All new retail mortgages and deposits at the Bank have been certified by RIAA according to the strict operational and disclosure practices required under the Responsible Investment Certification Program. See www.responsibleinvestment.org for details. RIAA’s Certification Symbol Trade Mark provides consumers and industry alike with a quality mark of Australia and New Zealand’s standard for responsible investing products and advice.

Design and Distribution Obligations

The target market for this product will be found within the product’s Target Market Determination, available here.