The Mutual Mighty Mutual Account Summary
Description
A savings account for children.
Benefits
- No monthly savings-account fee.
- No upper balance cap in the reviewed ongoing pricing.
Hoops
- Available up to age 17.
- Bonus interest depends on meeting the provider’s requirements.
- Withdrawals can forfeit bonus interest.
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Details
Key details
| Product name | The Mutual Mighty Mutual Account |
|---|---|
| Maximum variable rate | 4.68% p.a. |
| Ongoing interest rate | 4.68% p.a. |
| Base interest rate | 4.25% p.a. |
| Minimum age | - |
Source: noren.com.au
All comparison details
| Base | 4.25% |
|---|---|
| Ongoing | 4.68% |
| 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 | 0 |
| Min age | - |
| Max age | 17 |
| Fee/mth | $0 |
Source: noren.com.au
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 4.25% p.a., before bonus interest.
- Ongoing: 4.68% p.a. when bonus conditions are met. No upper cap.
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Base rate component | 4.25% | Whole balance | All balances |
| Ongoing total, conditions met | 4.68% | 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.
- Make no withdrawals during the calendar month to earn the bonus. No separate deposit-count, deposit-dollar, growth or purchase qualification is established. A withdrawal forfeits the bonus but retains the base.
- Qualification timing: Requirements are assessed in the current month. Check the settlement deadlines and exclusions in the requirements.
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.
- Available for personal use only
- Australian citizen or a permanent resident of Australia or otherwise approved
- 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.
- Children under 18, parent/guardian operation and identification rules apply. The source MAX_AGE 18 is a conversion boundary, not inclusive new-account eligibility.
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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.