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.
While booking time off is exciting, it’s even more important to ensure your plans are legitimate so you don’t end up the victim of a travel scam.
"Scammers often lure travellers with discounted travel packages that promise luxurious accommodation, exclusive deals, or free prizes, only for the victim to realise none of it was true," explained COBA’s Acting Chief of Financial Crimes and Cyber Resilience, Martin Latimer.
To help ensure your holiday plans go ahead, COBA’s financial crimes team share expert tips on how to identify and avoid travel scams.
What is a travel scam?
A travel scam entices travellers with cheap flights and accommodation offers, free vacations, or exclusive holiday rentals that promise the holiday of a lifetime. Scammers create fake listings for popular travel destinations that mimic legitimate online travel agencies, often requiring payment upfront or request unusual and unsecured methods of payment that scam victims out of money.
Travel scams can take many forms, including:
Fake travel websites, booking platforms or rental listings advertised online.
Unsolicited calls or emails offering free or heavily discounted luxury vacations.
Fraudulent online marketplaces where scammers demand upfront payments for non-existent bookings.
“These fake travel deals target victims booking big overseas holidays or short domestic trips, so it’s important to ensure you’re using reputable sites and avoid any requests for suspicious methods of payment,” Martin says.
“Once the victim hands their money over to the scammer, they may discover the deal doesn’t exist, the accommodation listing was fake, or – upon arrival at the destination – realise it’s nothing like what was advertised,” he adds.
Tips to protect yourself
Do your research: Verify the legitimacy of travel websites, agencies, or accommodation listings by reading reviews from other travellers or ask for proof of the agency’s accreditation or certification. Beware of listings with limited photos, vague descriptions, or deals significantly cheaper than market rates.
Be sceptical of unsolicited travel offers: Avoid holiday deals that seem too good to be true, especially if they’re unexpected. You may receive emails notifying that you’ve won a free vacation and ask you to click a link to claim the prize – this is likely a scam, especially if you haven’t entered any competition.
Use secure payment methods: Avoid transferring money or paying through untraceable methods like gift cards or cryptocurrency.
Stay vigilant during travel
Remember, travel scams don’t stop once you’re on holiday as scammers can lurk in popular tourist destinations and trick travellers looking to use common services or holiday activities. These can include:
Taxi scams.
Vehicle hire scams.
Wrong or overcharging scams.
Credit card skimming.
Pickpocketing and theft scams.
Visa scams.
Fake ticket scams.
QR code scams.
“Carry my bag” scams.
More information on how these scams occur and how you can protect yourself is found at Smartraveller.
What to do if you suspect a scam
If you encounter a potential scam, report it to ScamWatch.gov.au to help protect others from falling victim. If you’ve been scammed, immediately notify your bank or financial institution.
Customer-owned banks are dedicated to safeguarding their customers from scams and fraud. In November 2023, 55 mutual banks and credit unions demonstrated this commitment by joining forces to launch the Scam-Safe Accord with the Australian Banking Association. This industry-wide initiative represents a united front against scammers and reinforces the banking sector’s determination to strengthen consumer protection. Find out more about the Scam-Safe Accord here.
Your Unity Bank Visa card is giving you new ways to win!
Pay with your Unity Bank Visa Card and you could win a trip to the Melbourne Race Weekend. It’s easy: simply use your Unity Bank Visa Card between 13 January, 2025 to 20 February, 2025 and every 10 qualifying transactions will earn an entry. The more transactions, the greater your chance to win.
Prizes include:
1 of 4 Melbourne Race Trips including flights* and 4 nights’ accommodation
Or
1 of 16 exclusive merchandise packs
So, get tapping and you could be off to the races!
T&Cs apply (visa.com.au/promotions/terms-and-conditions-cuscal-race-weekend.html). AU 18+, Visa debit/credit card holders issued by Participating Financial Institutions (see terms). Ends 20/2/25. 1 Prize p/person (excl SA) *Including $2k flight voucher for flights NSW Authority No. TP/04034. ACT Permit No. TP24/02971. SA Permit No. T24/2262.
