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Socially responsible banking at Teachers Mutual bank Limited.

Our Socially Responsible mortgages and deposits: FAQs and member benefits

6 June 2020 

Every retail mortgage and savings account that we sell across our four divisions is independently Certified by the Responsible Investment Association Australasia (RIAA). 

This means that every deposit account we have opened and every mortgage sold since 1 December 2018 is a Certified Responsible Investment; these two product types are around 98% of the retail products we sell.

Key member benefits 

  • Third party verification means our responsible investment credentials can be trusted
  • The money deposited with us is never used to fund damaging industries such as fossil fuels, gambling or tobacco
  • The money borrowed from us for mortgages never comes from damaging industries
  • There is no extra cost for members and the product benefits remain the same
  • Certification applies to all product types, this is not a niche ‘green’ product
  • Consumers are provide with ethical banking product options 

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