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Thoughts on using a mutual bank?

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

  1. SteveW

    SteveW New Member

    Joined:
    9th Sep, 2015
    Posts:
    1
    Location:
    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).

    Thanks!