The Mutual Christmas Club Summary
Description
A savings account for the festive period, where members can access the funds between 1 November and 31 January.
Benefits
- No monthly savings-account fee.
- No monthly activity requirements for the ongoing rate.
- No upper balance cap in the reviewed ongoing pricing.
Hoops
- Applicants must be at least 12.
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Details
Key details
| Product name | The Mutual Christmas Club |
|---|---|
| Maximum variable rate | 1.00% p.a. |
| Ongoing interest rate | 1.00% p.a. |
| Base interest rate | 1.00% p.a. |
| Minimum age | 12 years |
Source: noren.com.au
All comparison details
| Base | 1.00% |
|---|---|
| Ongoing | 1.00% |
| Ongoing cap | No cap |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | 0 |
| Dep $/mth | - |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | - |
| Min age | 12 |
| Max age | - |
| Fee/mth | $0 |
Source: noren.com.au
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 1.00% p.a..
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Standard variable | 1.00% | Whole balance | All balances |
Source: noren.com.au
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Requirements
- No monthly account-keeping fee on this reviewed personal savings account. Other service, dishonour and transaction charges can apply. No current introductory/new-money rate is established.
- Withdrawals normally allowed from 1 November to 31 January. Interest calculated on the daily balance, credited six-monthly on 30 June and 31 December. No monthly interest-qualification activity test.
Fees
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with The Mutual.
- Australian citizen or a permanent resident of Australia or otherwise approved
- Available for personal use only
- Age 12 or over.
- Parent/guardian written consent is required for members under 16. Mighty Mutual may be opened for a child under 12 with consent or an eligible trust-for-child arrangement, other reviewed savings accounts start at age 12.
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Sources & review
Noren aggregates information from multiple primary sources to ensure you're getting the most up-to-date, accurate information. All product information is peer reviewed.
Collected on 31 Oct 2026. Pricing verified on 28 Oct 2026.