My Freedom
The My Freedom Account is a transaction account for persons aged 55 years and above and who no longer work full time. Funds are available at call.
- Base rate
- 2%
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable | 0% | My Freedom_Tier_1 | yearly |
| Variable | 2% | My Freedom_Tier_2 | yearly |
| Variable | 2% | My Freedom_Tier_3 | yearly |
Fees
| Fee | Type | Amount |
|---|---|---|
| DECLINED_ATM_OR_EFTPOS_TRANSACTION Capped at $0.00 · Each time an ATM or EFTPOS transaction is declined | Event | $1.00 |
| ATM_BALANCE_ENQUIRY Capped at $0.00 · Each time a balance enquiry is requested at an ATM | Event | $0.50 |
Features
- Bill payment (BPAY)
- Card access
- Digital banking
- Real-time payments (NPP)
- PayID
- Overdraft available
- Unlimited transactions
- Electronic Withdrawals
- Unlimited transactions
- Branch Withdrawals
Eligibility
- Individuals only
- Minimum age — 55 years
Constraints
- Minimum balance — $1.00
More Information
Published by gmcu under the Consumer Data Right · Last updated 9 April 2026 · Product ID My_Freedom · View on CDR.gov.au