Why Join Us

Sometimes you don’t spend enough time focusing on yourself. We have the expertise to help.

At Teachers Mutual Bank, we understand that you dedicate so much time to your students, that sometimes you don’t spend enough time focusing on yourself.

While you’re shaping future generations, helping them learn and prepare for the next step, we’ll be here to help you achieve your dreams in life. Whether that’s owning your home or having the finances to buy a car¹, saving for a holiday or helping your own children or grandchildren save for tomorrow² – we have the expertise to help make that happen.

As we know teachers live busy lives, we’re committed to providing a better banking experience that’s convenient to you. Our Mobile Bankers³ can meet you at a time and place that suits you, either in person or over the phone.

If you don’t need to chat face to face you can use our mobile app⁴, or you can use Google Pay⁵, Apple Pay⁶ and Samsung Pay⁷ to make purchases on your phone.

A few more ways that help us continually put you first:

• We channel a portion of our profits back into the business to provide you with better rates and services
• Investing in the education sector
• Competitive interest rates
• Award winning Low Rate Credit Card

Who can join?

Membership is open to citizens or permanent residents of Australia who are current or retired employees in the Australian education sector or are family members of members (i.e. shareholders) of the Bank. 

Not sure you can join? Contact us.

How to join

To get started you will need:

• To be an Australian citizen or permanent resident 18 years old or over.
• Your identification documents with your full name, date of birth and address (e.g. Drivers Licence, Passport).

Don't worry if you don't have these documents, we will call you to complete your application later.

You will need to become a shareholder to join - all you need to do is pay just $10.

Customer Owned Banking

Over 4.5 million Australians are customers of mutual banks, credit unions and building societies. We have worked closely with Customer Owned Banking Association (COBA), to develop the Customer Owned Banking Code of Practice.

What is the Customer Owned Banking Code of Practice?

The Code is an important public statement of the value we place on improving the financial wellbeing of our customers and the education community. It reinforces our commitment to:

• the benefits of mutuality 
• community involvement 
• fairer fees and 
• customer or member, service. 

How does it affect you?

The Customer Owned Banking Code of Practice is how we deliver on our guarantee to serve our customers first. Our 7 key promises to you outline how we do this.

Our 7 key promises to you

1. We will deliver banking services in the interests of our customers.
2. We will obey the law.
3. We will not mislead or deceive.
4. We will act honestly and fairly.
5. We will offer products and services that are fit for general purpose.
6. We will deliver services with reasonable care and skill.
7. We will contribute to our community. 

Find out more

You can download the complete Customer Owned Banking Code of Practice or you can request a copy to be mailed to you.

DownloadRequest a copy

Tiny Monsters Bank

Tiny Monsters Bank* is designed for kids under 13 years old. It shows them the fundamentals about money and helps them develop solid saving habits. 

Learn more

Teen Banking

Tips for Teens has been created to help you navigate the important milestones in your life.

Learn more

*Tiny Monsters Bank brought to you by Teachers Mutual Bank

Rewards begin at 50 with Edvest

Edvest is a benefit scheme available to our members¹ who are 50 years or older. Edvest wants to recognise and reward you with special discounts on selected products, better returns on your investments and much more.

For just $30 per year, you’ll enjoy:

• Better returns on your investments
• And more…

Better returns²

We offer Edvest members higher interest rates on term deposits and cash management accounts than our standard product offers.

Make your money work harder for you:

• Term deposits offer better returns, with terms ranging from 3 months to 3 years. Interest can be paid fortnightly, monthly, annually or on maturity.
• Our Cash Management account offers the flexibility of having money at call 24/7 with a competitive interest rate.

Borrowing

One valuation reimbursed up to any value for a new home loan on selected home or investment property loan applications.

Learn more about our savings accounts to determine which ones are right for you.

Discounts

One free safe custody package per year – store your important documents like Wills and title deeds at selected offices. 

Reduced fees ($10 discount for singles, $20 discount for couples) and a free initial consultation on Wills, Power of Attorney and Enduring Guardians³ provided by our nominated solicitors.

Stay up-to-date with what matters most

Access to Edvest News, a quarterly newsletter containing market news and updates and lifestyle, travel, superannuation and tax information.

Essentially You is a content hub to help support your everyday health and wellbeing. 

There is a wealth of information and topics from experts, valuable tips and much more. Essentially You is complimentary and exclusive for our Members.

Our commitment to you

Watch David Koch interview our Chief Marketing Officer, Nichole Banks and Cuppa.tv Founder, Luke Cook.

Get free access to the Your Financial Wellness program

Managing money can be a challenge and 2020 didn’t make it any easier.  

As an essential worker, you put the needs of the community first, ensuring Australia bounced back and began to once again thrive. You’ve done so much for others now it’s time to focus on you. Your finances, your wellbeing and your future.

And it all starts with a simple program that will get your money working as hard as you do. Your Financial Wellness is Australia’s first financial wellness program. It’s free for members and can give you a snapshot of your financial position and more importantly the know-how to make well-informed decisions today to better prepare you for tomorrow. 

It only takes a few minutes to set yourself up with money confidence. By becoming a member with us you will get free access to a program that will help you thrive. What are you waiting for? Get started today!

What you’ll get with Teachers Mutual Bank and Your Financial Wellness

 

A customised dashboard and money snapshot.

  

Action plans to help you achieve your goals.

 

Personalised financial reports.

 

Easy to use budget planners like The Money Book Household finance system.

  

Informative webinars.

 

 

Lots of easy-to-follow tools and tips.

Your Financial Wellness has been developed to help members articulate and meet their financial goals.

So, what are you waiting for?  Join now to get access!