Victoria Teachers Mutual Bank

Term Deposits

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.

All rates are based on a balance of $50000 for a term of 3 months.
Company Victoria Teachers Mutual Bank
Nominal Rate 3.35%
Effective Rate 3.39%
Payment Frequency At Maturity
Partial Withdrawal Penalty No
Compounding Interest No

Product Features

Can the institution send an email to you on maturity?
Can the institution call you on maturity?
Whether your term deposit account will automatically roll over to a new account with the same term once it reaches maturity if you do not instruct otherwise
Whether the interest dividend can be paid into an account held with another financial instituion

These term deposits are ranked by nominal interest rate on a balance of $50,000.

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