---
title: "Starter Saver account — Teachers Mutual Bank"
description: "Transaction & Savings Accounts from Teachers Mutual Bank. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/teachers-mutual-bank/products/501d1af4-4a3a-4b5f-a90f-c5a0933fb4a5
source: "CDR Compare"
language: en-AU
last_updated: 2026-07-09T13:33:57.000+10:00
---

# Starter Saver account — Teachers Mutual Bank

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

**Transaction & Savings Accounts**

Starter Saver Account is a high interest savings account for Under 30 year olds that rewards savings.

## At a glance

- **Base rate:** 5.25%

## Apply

Applications are handled by the provider: [Apply at Teachers Mutual Bank](https://www.tmbank.com.au/banking/starter-saver)

## Deposit rates

| Type | Rate | Applies to | Interest paid |
| --- | --- | --- | --- |
| Variable (The product pays members a higher rate of interest on balances up to $20,000.00, with a stepped down rate for balances $20,000.01 and over. Members have funds available at call, with flexibility to access their funds without forfeiting interest within a calendar month.) | 5.25% | Starter Saver account_Tier_1 | monthly |
| Variable (The product pays members a higher rate of interest on balances up to $20,000.00, with a stepped down rate for balances $20,000.01 and over. Members have funds available at call, with flexibility to access their funds without forfeiting interest within a calendar month.) | 4.25% | Starter Saver account_Tier_2 | monthly |

## Features

- **The product pays members a higher rate of interest on balances up to $50,000.00, with a stepped down rate for balances $50,000.01 and over. Members have funds available at call, with flexibility to access their funds without forfeiting interest within a calendar month.**
- **Digital banking**
- **PayID**
- **Real-time payments (NPP)**
- **Notifications** — Track payments with SMS and email alerts.
- **Unlimited transactions**

## Eligibility

- **You must be a member. Membership is open to current or retired employees of the Australian education sector or family members of members (i.e. shareholders) of the Bank.**
- **Residency status** — Individuals must be citizens or permanent residents of Australia.
- **Maximum age** — 29 years (This Product is only available for members aged under 30 years and Students)

## More information from Teachers Mutual Bank

- [Overview](https://www.tmbank.com.au/banking/starter-saver)
- [Terms & conditions](https://www.tmbank.com.au/content/dam/documents/collateral/conditions-of-use.pdf)
- [Eligibility](https://www.tmbank.com.au/banking/starter-saver)
- [Fees & pricing](https://www.tmbank.com.au/content/dam/documents/collateral/fees-and-charges.pdf)

## Data provenance

- Published by Teachers Mutual Bank under the Consumer Data Right
- Product ID: `501d1af4-4a3a-4b5f-a90f-c5a0933fb4a5`
- Last updated by the provider: 9 July 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/teachers-mutual-bank/501d1af4-4a3a-4b5f-a90f-c5a0933fb4a5
- Provider page: https://www.cdrcompare.au/brands/teachers-mutual-bank
- CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000078

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/teachers-mutual-bank/products/501d1af4-4a3a-4b5f-a90f-c5a0933fb4a5) — 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.

Site map: [all providers](https://www.cdrcompare.au/) · [how this works](https://www.cdrcompare.au/about) · [agent guide](https://www.cdrcompare.au/agents.md) · [llms.txt](https://www.cdrcompare.au/llms.txt) · [sitemap.xml](https://www.cdrcompare.au/sitemap.xml)