Unity Bank had the opportunity to attend the MEU AGM from the 3rd to the 4th of April 2025.
It was an extremely successful event with a variety of different organisations attending and representing their core business products and services.
Unity Bank conducted a random prize draw, with two prizes to be won.
Congratulations to our winners Brendan and Mitchell, who attended the conference and entered our competition! Brendan won a $300 BCF gift card and Mitchell won a $100 EFTPOS gift card!
We hope you enjoy your prizes!!
We would also like to thank everyone who attended the event and visited our Unity Bank stall.
Unity Bank had the opportunity to attend the ETU National Conference from the 31st of March to the 1st of April 2025.
It was an extremely successful event with a variety of different organisations attending and representing their core business products and services.
Unity Bank conducted a random prize draw, with two prizes to be won.
Congratulations to our winner Matthew, who attended the conference and entered our competition! Matthew won a $500 EFTPOS gift card!
We hope you enjoy your prize!!
We would also like to thank everyone who attended the event and visited our Unity Bank stall.
With communities across Northern NSW and South-East Queensland impacted by Tropical Cyclone Alfred, we stand prepared with Unity Bank's Community Support Package to assist you.
Deferred home loan repayment
Deferred loan repayment option available on qualifying existing and new Unity Bank home loans and home loan refinances1
Member support
Practical and tailored assistance to help you and your family get your finances back in shape
If you have been impacted by Tropical Cyclone Alfred, we are ready to assist. Please give us a call on 1300 36 2000.
DisclaimerCredit eligibility criteria, terms and conditions, fees and charges apply. 1. Loan deferment option available at the discretion of the Bank and subject to approval. Interest accrues and is capitalised to the loan throughout the approved loan repayment deferral period. G&C Mutual Bank Limited trading as Unity Bank & Reliance Bank ABN 72 087 650 637 | AFSL & Australian Credit Licence 238311
Today marks an important milestone as the merger-of-equals between G&C Mutual Bank and Unity Bank takes effect, with the legal merge and banking system integration taking place on 7 March 2025. This follows the earlier regulatory approval and overwhelmingly positive member vote and is the culmination of over 18 months of planning and collaboration by staff across both organisations.
Unity Bank CEO Danny Pavisic and G&C Mutual Bank CEO Rosanna Argall noted that the successful completion of the merger helps secure a strong future as one of Australia’s leading mutually owned banks.
"Both organisations have always prioritised the needs of our members and the communities we serve, and this merger creates an even stronger platform for us to fulfill that mission. As we move forward together, we are excited to offer even greater benefits to our members and continue our legacy of trust, service, and community engagement.”
Member benefits of the merger include access to an expanded branch network, continuity of access to exceptional staff and face-to-face service, improved product range with fewer and lower fees, increased ability for technological investment, scale efficiencies and a continued commitment to member first principles of mutuality.
At a combined $3.8b in assets, the merger provides even greater opportunity to continue the strong growth of the organisations, with both having tracked well above system growth in recent years.
The merged entity will be G&C Mutual Bank Limited immediately following the merger, changing to Unity Bank Limited from 1 July 2025. The G&C Mutual Bank, Unity Bank and Reliance Bank brands will be retained and consolidated into a single Unity Bank brand over the next 12 months.
As part of the merger with G&C Mutual Bank, members are advised that the Account and Access Facilities Terms and Conditions of Unity Bank and G&C Mutual Bank have been combined. While there are no significant changes to the terms themselves, we want to ensure that members are informed about this update.
The combined Account and Access Facilities Terms and Conditions are effective as of 7 March 2025. We recommend you take the time to read through the Account and Access Facilities Terms and Conditions, to familiarise yourself with the document and understand how it may impact you.
By using your account and access facilities with Unity Bank and G&C Mutual Bank after the date the changes take effect, you agree to the combined terms and conditions applying.
We are reducing the interest rate for the following savings products, effective 1 March 2025.
MoneyMAX Account (S12) for balances $1 and over interest rate reduced by 0.35% to 4.35%1
Bonus Saver Account (S7) for balances $1 - $100,000 interest rate reduced by 0.25% to 4.20%2
Power-Up eSaver Account (S6) for balances $1 and over interest rate reduced by 0.25% to 2.65%3
Christmas Savings Account (S4) for balances $1 and over interest rate reduced by 0.25% to 1.60%4
Pensioner Security Account (S8) for balances $1 - $45,400 interest rate reduced by 0.25% to 2.61%5
Pensioner Security Account (S8) for balances $45,400.01 and over interest rate reduced by 0.25% to 2.75%5
For more details, please visit the Savings Interest Rates page here.
Important Information
Eligibility criteria, terms and conditions, fees and charges apply. All information including interest rate is subject to change. Interest rates are on a per annum basis. These products are issued by Unity Bank Limited ABN 11 087 650 315 AFSL/Australian Credit Licence 240399. Reliance Bank is a division of Unity Bank Limited. You should consider our Account & Access Facilities Conditions of Use before making a decision.
1. Interest is calculated daily and paid monthly. Interest rate applies to account balances over $1.
2. Bonus interest rate applies to account balances under $100,000 if those accounts have a minimum monthly deposit of $50 and no withdrawals, transfers within the calendar month. Standard interest rate applies to account balances over $100,000, and up to $100,000 if the account does not meet above criteria for bonus interest rate. Example: Member’s bonus saver account balance is $112,413.59 at the end of the month. During the month member has deposited $50 and made no withdrawals. Bonus interest is payable on $100,000 and standard interest is payable on $12,413.59. Interest is calculated daily and paid monthly. Bonus interest rate is currently 4.19% and standard interest rate is currently 0.01%. Rates are subject to change. Personal banking only. Only one bonus saver account can be opened per membership.
3. Interest is calculated daily and paid monthly.
4. Interest is calculated daily and paid quarterly. Withdrawals only available from 1 November to 31 January.
5. Interest is calculated daily and paid quarterly. Special Note: Members over 65 years of age are automatically exempt from paying the Monthly Usage Fee, no application for exemption forms are required.
