---
title: "Retirement Account — Maitland Mutual Limited"
description: "Transaction & Savings Accounts from Maitland Mutual Limited. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/maitland-mutual-limited/products/Retirement
source: "CDR Compare"
language: en-AU
last_updated: 2026-06-30T12:52:11.000+10:00
---

# Retirement Account — Maitland Mutual Limited

> Transaction & Savings Accounts from Maitland Mutual Limited. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare.

**Transaction & Savings Accounts · The Mutual Bank**

A transaction account that earns interest for members over 55's or in receipt of a pension.

## At a glance

- **Base rate:** 3.5%

## Interest rates

| Type | Rate | Comparison | Applies to |
| --- | --- | --- | --- |
| Variable (Penalty Interest will be charged on overdrawn accounts.) | 20% | — | — |

## Deposit rates

| Type | Rate | Applies to | Interest paid |
| --- | --- | --- | --- |
| Variable (Interest is calculated by applying the daily percentage rate to the different portions of the daily balance and paid monthly on the last day of each month.) | 0.25% | Retirement Account_Tier_1 | monthly |
| Variable (Interest is calculated by applying the daily percentage rate to the different portions of the daily balance and paid monthly on the last day of each month.) | 3.5% | Retirement Account_Tier_2 | monthly |
| Variable (Interest is calculated by applying the daily percentage rate to the different portions of the daily balance and paid monthly on the last day of each month.) | 2.05% | Retirement Account_Tier_3 | monthly |

## Fees

| Fee | Type | Amount |
| --- | --- | --- |
| CHEQUE_DISHONOUR — A dishonoured cheque is a cheque that is not paid by the financial institution on which it is drawn. A dishonour fee will apply each time the cheque is presented for payment and dishonoured. | Event | $9.00 |
| DIRECT_ENTRY_DISHONOUR — Payable when a direct entry (inward and outward) is dishonoured. | Event | $9.00 |
| DOCUMENT_FEE — $60.00 per hour (subject to minimum $10.00 per copy). Payable if you request copies of documents such as withdrawal forms or statements, or you ask us to verify a transaction performed on your Account e.g. evidence of a Visa Debit Card purchase. | Event | $60.00 |
| FINANCIAL_INSTITUTION_CHEQUE — Payable when you request us to issue a financial institution cheque. | Event | $2.50 |
| FOREIGN_CURRENCY_CONVERSION_SERVICE_FEE — A 1% service fee on the Australian dollar equivalent is payable for foreign currency transactions using your Mutual Visa Debit Card. | Transaction | 1% of transaction |
| MISCELLANEOUS_SERVICE_FEE — $60.00 per hour. Payable if you request information not covered by the Document Fee. | Event | $60.00 |
| OVERSEAS_TELEGRAPHIC_TRANSFER_(OUTWARD)_-_AUSTRALIAN_CURRENCY — Payable if we assist you send funds electronically overseas in Australian dollars. | Event | $50.00 |
| OVERSEAS_TELEGRAPHIC_TRANSFER_(OUTWARD)_-_FOREIGN_CURRENCY — Payable if we assist you send funds electronically overseas in a foreign currency. | Event | $30.00 |
| PHYSICAL_FOREIGN_CURRENCY — 1% of Australian currency equivalent amount. Payable when physical foreign currency is issued or purchased. | Transaction | 1% of transaction |
| UNCLAIMED_MONIES_FEE — The lessor $20.00 or account balance. Payable when an account is classified as dormant. | Cash advance | $20.00 |
| ONLINE_INTERNATIONAL_TRANSFER_(OUTWARD) — Payable if you use online banking to transfer funds internationally. | Event | $30.00 |
| REPLACEMENT_CARD_FEE_(INTERNATIONAL) — Payable if you request a replacement card when overseas via Visa Global Cardholder Assistance Service (GCAS), payable when the request is processed. | Event | $100.00 |
| REPLACEMENT_CARD_FEE_-_VISA_DEBIT_CARD — $Nil - Payable if you request a replacement Visa Debit Card. | Cash advance | Variable |
| ATM_OWNER_FEE — This fee amount is disclosed at the time of the ATM transaction and charged by the ATM owner for an ATM transaction including an ATM enquiry. | Cash advance | Variable |
| OVERDRAWN_FEE — If your Account is overdrawn, without our prior agreement, a fee will be charged each time this occurs. Penalty interest (at the rate disclosed on the Deposit Interest Rate Schedule) will also be charged until the Account is brought back in order. | Event | $9.00 |

## Features

- **Additional cards** (Not available with passbook option)
- **Bill payment (BPAY)** — BPAY (Pay bills using BPAY)
- **Card access** — Visa Debit Card - not available with Passbook option
- **Digital banking**
- **PayID**
- **Real-time payments (NPP)**
- **Unlimited transactions**
- **Passbook - not available when Visa Debit Card attached**
- **Notifications** — Mutual Alerts - Balance, low & high balance, deposit, withdrawal
- **Digital wallet** — Apple Pay and Google Pay - not available with Passbook option
- **Staff assisted transactions - Branch and Contact Centre**

## Eligibility

- **Minimum age** — 55 years (Over 55 years unless in receipt of pension)
- **Individuals only** (Available for personal use only)
- **Pension recipients**
- **Residency status** — Australian citizen or a permanent resident of Australia or otherwise approved

## Constraints

- **Opening balance** — $0.00
- **Minimum balance** — $0.00

## More information from Maitland Mutual Limited

- [Overview](https://www.themutual.com.au/everyday-banking/transaction-accounts/retirement/)
- [Terms & conditions](https://www.themutual.com.au/help-support/important-documents/)
- [Eligibility](https://www.themutual.com.au/help-support/important-documents/)
- [Fees & pricing](https://www.themutual.com.au/help-support/important-documents/)

## Data provenance

- Published by Maitland Mutual Limited under the Consumer Data Right
- Product ID: `Retirement`
- Last updated by the provider: 30 June 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/maitland-mutual-limited/Retirement
- Provider page: https://www.cdrcompare.au/brands/maitland-mutual-limited
- CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000203

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/maitland-mutual-limited/products/Retirement) — product data published by Australian data holders under the Consumer Data Right. Not financial advice; no rankings, recommendations or affiliate relationships. Always confirm details with the provider.

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