55+ Account
Our 55+ Account is a transaction account available to all members aged 55 and over. It offers you the ability to earn higher returns without having to lock funds away and has no monthly account keeping fees. Whether you’re working, receiving a pension or retired, that combination is hard to beat. You can request a free Visa Debit Card with payWave which you can load into Google Pay, Apple Pay, Samsung Pay and Garmin Pay. Now you can pay for purchases using your smart device, wherever mobile payment systems are offered. Get unbeatable security through measures such as the Visa Zero Liability policy (which protects against unauthorised transactions) and our own 24/7 fraud monitoring service. You’ll also be able to temporarily lock your card (if you misplace it), plus block payWave, international and online transactions whenever you need to – using the Mobile Banking App or Internet Banking. Online banking with this account is available 24/7 with Internet Banking and our Mobile Banking App. Internet banking will provide you with eStatements as well as the means to securely message each other, reducing paper and postage costs.
- Base rate
- 2.15%
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable | 0.85% | — | monthly |
| Variable | 1.8% | — | monthly |
| Variable | 2.15% | — | monthly |
Fees
| Fee | Type | Amount |
|---|---|---|
| Deposit Periodic Where permitted by the account terms and conditions, you can perform unlimited transactions of the following types and we will not charge you a transaction fee: ATM enquiry, ATM transfer, ATM withdrawal, Bank@Post deposit, Bank@Post withdrawal, BPAY payment, branch deposit, branch transfer, branch withdrawal, corporate cheque, direct credit, direct debit, EFTPOS cash withdrawal, EFTPOS purchase, internet banking transfer, overseas ATM enquiry, overseas ATM withdrawal, Member Contact Centre transfer or payment, mobile banking transfer, periodical payment, phone banking transfer, Visa debit cash advance, Visa debit purchase. Not all transaction types are permitted on all accounts. | Ongoing | $0.00 |
| Transaction Payable whenever we send you a letter because you do not make a repayment in full on or before the due date and the default continues for 3 days or more. | Transaction | $0.00 |
| Arrears Payable each day that your account is overdrawn (where you have no approved credit limit) or the account is overdrawn beyond your approved credit limit and you have performed at least one debit transaction to the account or card that day | Event | $15.00 |
| Overdraft or overlimit fee Payable when you perform a transaction in a currency other than Australian dollars using a Visa card. This fee is included in the AUD amount debited to your account and comprises 2.00% charged by third parties and 1.00% charged by Credit Union SA | Event | $15.00 |
Features
- Digital wallet — Google Pay
- Card access — Visa debit card
- Additional cards — Null
- Unlimited transactions
- Digital wallet — Apple Pay
- Digital wallet — Garmin Pay
- Digital wallet — Samsung Pay
- Digital banking
Eligibility
- Minimum age — 55 years
More Information
Published by Credit Union SA under the Consumer Data Right · Last updated 28 June 2026 · Product ID CREDITUNIONSA_SAV_112 · View on CDR.gov.au