Victoria Teachers Mutual Bank

Term Deposits

Victoria Teachers Mutual Bank is one of Australia’s leading financial institutions, having won many independent awards for the exceptional value and outstanding service we provide to our customers.  By becoming a customer, you also become an equal shareholder, which means all the benefits get returned to you as there are no outside shareholders to satisfy.  Although the bank was started by a group of educators in 1972 and we focus on people who work in education, anyone is welcome to bank with us. 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 12 months.
Company Victoria Teachers Mutual Bank
Nominal Rate 3.65%
Effective Rate 3.68%
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 12 month term deposits are ranked by nominal interest rate on a balance of $50,000.

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