Thoughts on using a mutual bank?

Discussion in 'Finance & Banking' started by SteveW, 9th Sep, 2015.

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  1. SteveW

    SteveW New Member

    9th Sep, 2015
    Adelaide, SA
    Hi guys,

    Would love to hear from anyone who has dealt with mutual banks before and how their experience was?
    Doing so research on them now, a big attraction for me is that they're customer owned unlike the big 4 in Australia.

    Currently looking to buy my first home within one of Adelaide's suburbs and looking at giving Beyond Bank a try, specifically the following home loan: Basic Variable Home Loan | Great value home loan | Beyond Bank
    Seems quite good with low yearly costs ($132) and a variable rate of 4.64% (according to Mozo).