Teachers Mutual Bank Ltd Deposit products

Product Name

Teachers Mutual Bank Ltd Deposit products

Issuer

Teachers Mutual Bank Ltd

Category

Banking

Type

Deposit/Savings account

Target

Retail

Certified Since

2018

Asset Classes

Property

Markets

Australia

Investment Approaches

Negative Screening, Minimum-standards (norms-based) screening

It Includes:

  • No inclusions5 No inclusions

It fully excludes:

  • Riaa icons 41 Alcohol
  • Riaa icons 36 Armaments
  • Riaa icons 33 Fossil fuels
  • Riaa icons 42 Gambling
  • Riaa icons 34 Logging
  • Riaa icons 50 Nuclear power
  • Riaa icons 99 Pornography
  • Riaa icons 35 Tobacco

Overview

Every deposit account we open is a Certified Responsible Investment. When members or customers deposit funds with the Bank, these are all subject to specific social responsibility exclusion criteria when providing credit. This means that we do not invest their money in the fossil fuel industry, or other harmful industries. Teachers Mutual Bank Limited (‘the Bank’) operates four brands: Firefighters Mutual Bank, Health Professionals Bank, Teachers Mutual Bank, and UniBank


Description



The Bank operates under distinctive socially responsible strategies, standards and practices, and these apply  to all our products  - primarily mortgages and deposits. 

 The Bank has specific social responsibility exclusion criteria in relation to the provision of credit. The foundation of our mutual banking model is to use members and customers deposits to provide credit to members. 

So when you deposit funds with us, we don’t lend it to harmful industries like alcohol, tobacco or fossil fuels. We apply strict social responsibility criteria when it comes to investing and lending our members’ money

Other products certified by the Responsible Investment Association Australasia (RIAA)

Teachers Mutual Bank Limited $500m Debt Issuance Programme – Information Memorandum dated 26 November 2018

Teachers Mutual Bank Limited $500m Debt Issuance Programme - Information Memorandum dated 29 September 2014

Wholesale Short Term Deposits (STDs)

Teachers Mutual Bank Ltd Mortgage products

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