Before you decide on any of our products or services, we strongly recommend that you read both the Conditions of use—Accounts and access and Fees and charges booklets. You can find these online at our website or ask at any of our offices. We have not considered your objectives, financial situation or needs. For further information contact us here or go to our website.
Introductory bonus offer
We are offering a bonus interest rate (‘Bonus Rate’) for a period to members and customers who open an Online Savings Account with Teachers Mutual Bank Limited (‘The Bank’) between 16 July 2018 and 16 November 2018 inclusive (the ‘Bonus Period’), subject to certain conditions as follow:
The Bonus Rate of 1.49%pa will be paid in addition to the standard variable interest rate for balances of $2,000 or more until the end of the first four months following the opening of your account, or until your account is closed, whichever occurs first. If your balance falls below $2,000 at any time during the Bonus Period (whilst your account remains open), your rate will be the standard variable rate.
This offer is available only to members and customers who open an Online Savings Account during the Bonus Period. The Bank reserves the right not to pay the Bonus Rate (i) on any additional Online Savings Account you open during the Bonus Period; or (ii) if you have an existing Online Savings Account as at 15 July 2018 and you close that account and open a new Online Savings Account during the Bonus Period.
Payment of the Bonus Rate will cease four months from the account opening date, at which time your account will revert to the standard variable interest rate.
The standard variable interest rate is subject to change at any time. The Bonus Rate offer may be withdrawn or amended by the Bank at any time. Once you have accepted the offer, however, the Bonus Rate will not alter during the relevant four month period.