Everyday 50+ Account
For those aged 50+
- Base rate
- 2.65%
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable Interest is calculated on daily balances and paid monthly. Rate applies on a stepped basis. | 0.1% | Account balances portion under $5,000 | monthly |
| Variable Interest is calculated on daily balances and paid monthly. Rate applies on a stepped basis. | 1.55% | Account balances portion $5,000 to $50,000 | monthly |
| Variable Interest is calculated on daily balances and paid monthly. Rate applies on a stepped basis. | 2.65% | Account balances portion over $50,000 | monthly |
Fees
| Fee | Type | Amount |
|---|---|---|
| Telegraphic transfer fee within Australia Local telegraphic transfer to an account at a financial institution within Australia. Payable where you request a local telegraphic transfer to an account at a financial institution within Australia. | Event | $35.00 |
| Agency withdrawal Where account holders at another credit union requests that GSB process a withdrawal on their behalf. | Withdrawal | $15.00 |
| Replacement Visa Debit Card Fee applies where a replacement card is requested by a customer. | Event | Variable |
| Foreign currency deposit (draft and cheque) Charged when you deposit drafts or cheques drawn on an overseas financial institution. Please note that the foreign agent may also charge a fee. Where a single cheque or draft converts to more than AUD $5,000, Western Union Business Solutions charge a handling fee of $65.00. | Deposit | Variable |
| Outward overseas telegraphic transfer in foreign currency (overseas payment) performed by GSB staff Applies when you request that funds (sent in the requested foreign currency) be electronically transferred for credit to another account with an overseas financial institution. Additional fees may be deducted by other financial institutions involved in the transfer. GSB does not have control over these fees. | Transaction |
Features
- Real-time payments (NPP)
- Faster, simpler, smarter payments. Send super-fast payments via online and mobile banking with the New Payments Platform (NPP).
- PayID
- Create your PayID today in Online Banking. It's easy. Link your Everyday Account to a PayID for easy transfers using just your mobile number or email address.
- Notifications — SMS and Email Alerts
- Alerts that will notify you of account and card transactions, as well as online banking activity. Setting alerts can help you identity fraudulent activity on your account, and notify you when funds are deposited or your funds are low.
- Account Nicknames - Add a personal touch to your personal accounts
- Mobile Banking App. For banking on the go, anywhere anytime from the convenience of your phone.
- The Boost. If you're looking for a way to achieve your savings goals faster, we've got a clever solution. We call it The Boost, and it'll help you save money as you're spending it!
Eligibility
- Minimum age — 50 yearsTo be 50 or over
- Individuals only
- Residency status — You must be an Australian citizen or Australian resident to hold an account with Great Southern Bank
Constraints
- Minimum balance — $0.00
- Opening balance — $1.00
More Information
Published by Great Southern Bank under the Consumer Data Right · Last updated 21 May 2026 · Product ID 2000-2600 · View on CDR.gov.au