Over 55's Account
A highly competitive savings account designed especially for members aged 55 and over.
- Base rate
- 2.5%
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable | 2.5% | S5 OVER 55's ACCOUNT_Tier_2 | every 3 months |
| Variable | 1.4% | S5 OVER 55's ACCOUNT_Tier_1 | every 3 months |
Fees
| Fee | Type | Amount |
|---|---|---|
| Over the Counter Fee Applies per cash withdrawal and/or member cheque encashment | Transaction | |
| Domestic ATM Transaction Applies per ATM transaction | Transaction | |
| Copies of a Statement/Transaction Listing This fee applies when requesting a copy of a statement or transactional listing | Event | |
| Direct Debit Dishonour Fee Where a direct debit request is rejected by us due to insufficient funds in your account a Dishonour Fee will apply | Event | |
| EFTPOS Transaction Applies per transaction | Transaction | |
| Bank@Post Transaction Fee A fee applies when you complete a withdrawal or deposit to your account through a Bank@Post outlet. This fee is also applicable if your transaction is declined. | Transaction | |
| Duplicate Deposit Book |
Features
- Card access
- Additional cards
- Digital banking
- PayID
- Real-time payments (NPP)
- Account participates in the relationship balance fee rebate scheme
Eligibility
- Minimum age — 55 years
Constraints
- Opening balance — $1.00
More Information
Published by Family First under the Consumer Data Right · Last updated 31 March 2026 · Product ID f7289c44-a189-4d95-91cd-c6bb06eb7917 · View on CDR.gov.au · View Source Data (JSON)