The bonus interest issue impacting some members has been rectified and interest will be credited to the relevant accounts shortly. We thank you for your patience and apologise for the inconvenience.
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Scam alert: Watch out for mobile fraud
Recently, it's been reported by Scamwatch that criminals are committing fraud by taking control of mobile phone numbers or making unauthorised changes to phone accounts.
Interest Rate Change – March 2026
On Tuesday 17 March 2026, the Reserve Bank of Australia (RBA) announced an increase of 0.25%p.a. to the official cash rate. Following this, we have reviewed the interest rates applicable to our variable rate home loans and advise that the rates will increase by up to 0.25%p.a. for existing variable rate mortgage holders effective from 27 April 2026 and commercial variable rate mortgage holders effective from 1 April.
Scam alert: Tai Chi and community activities malware scam
Recently, it's been reported by Scamwatch that scammers are advertising ‘free’ classes and creating fake social media groups on various platforms and search engines such as Facebook and Google for a range of activities including Tai Chi, dancing, walking, or hiking.
Footnotes:
- 1 These rates apply to retail deposits only available for individual investors (including joint accounts by individuals) and SMSF accounts only. For all other investors, a competitive rate will be offered on application.
- 2 Eligibility criteria, terms and conditions and fees and charges apply.
- 3 Comparison rate based on $150,000 loan over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
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In the spirit of reconciliation G&C Mutual Bank acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. We support the Uluru Statement from the Heart to achieve justice, recognition and respect for First Nations people.
Any advice or information on this site does not take into account your personal objectives, financial situation or needs and you should consider whether it is appropriate for you. Please review G&C Mutual Bank's Terms and Conditions before acquiring the product.
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