Open a savings account

G&C Mutual Bank has a range of savings accounts and term deposits to help you spend or save, the way you want. Understanding how you want to use your money will help you to decide the account that is right for you.

Transaction and savings accounts

These accounts are convenient for everyday transactions, providing 24/7 access to your funds. You may choose to attach a G&C Mutual Bank Visa Debit Card for quick, secure and convenient access to your money in person, online, overseas and over the phone. You can also make and receive real time payments using the National Payments Platform including Osko by BPAY and PayID.

We also offer accounts to help you reach your savings goals, with the ability to earn bonus interest.

Term deposits

If you have a longer term goal and can resist the temptation of tapping into your funds, a term deposit offers a fixed return and interest rate. We offer terms ranging from 30 days, up to 5 years with a minimum deposit of $1000.

The Australian Government's Financial Claims Scheme (FCS) protects people's deposits in the unlikely event that a bank, building society or credit union fails. It only covers banking institutions that are incorporated in Australia, and has been known as the Australian Government deposit guarantee.

Tools like our Budget Planner and Savings Plan Simulator can help you understand the impact that changing a few small spending habits can have on your finances.

Please consult with a financial adviser for personal financial advice.