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Teachers Mutual Bank

Teachers Mutual Bank, formerly NSW Teachers Credit Union, was formed in 1966 to provide teachers with a low-cost, convenient and efficient banking products and services. Teachers Mutual Bank was built on the values of quality, integrity and co-operation and to this day, continues to demonstrate these core values in their support of the education community. The credit union manages over $2 billion in deposits and has more than 150,000 members throughout Australia. All profits generated are returned to members in the form of exceptional personal service and a value-for-money approach to fees and interest rates. Teachers Mutual Bank also offers a full range of retail financial products which include car loans, credit cards, home loans, personal loans, savings accounts and even term deposit and investment products.

Teachers Mutual Bank savings account repayment calculator

Thinking about taking out a savings account with Teachers Mutual Bank? Use our savings account calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how Teachers Mutual Bank savings account compare with various products.

Investing your money into a savings account is an effective strategy. This calculator is designed to help you achieve your savings goal faster. See how fast your savings can grow with regular deposits.

Initial deposit

Monthly deposit

Period

months

Your monthly interest earned

$14

Interest rate

2.81%

Total interest earned

$298

Total amount

$17,298

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