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Victoria Teachers Mutual Bank

When Victoria Teachers Mutual Bank started in 1972, we had 48 customers and $480 in start-up capital. Today, we have more than 87,000 customers and over $1.8 billion in assets.

The founding Members of Victoria Teachers Mutual Bank were educators who wanted to create a better economic life for people working in education, as well as their families. Their goals were to provide superior service, a fair deal, and a strong, secure organisation that puts its customers first.

In more than three decades we have never strayed from our commitment to provide value to our Members and the Education Community. We're the only financial institution in Victoria focusing on people working in education and their families.

After all these years, our organisation might have grown, but our values have stayed the same. To find out more, visit us at victeach.com.au or call 1300 654 822.

Victoria Teachers Mutual Bank savings account repayment calculator

Thinking about taking out a savings account with Victoria 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 Victoria 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

$11

Interest rate

2.20%

Total interest earned

$233

Total amount

$17,233

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