Retirement Plus
Seniors transactional account
- Base rate
- 1.8%
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable Interest is calculated daily on the portion of the account balance in each range. | 0.01% | Amount $0–$4,999.99 | monthly |
| Variable Interest is calculated daily on the portion of the account balance in each range. | 1.4% | Amount $5,000–$49,999.99 | monthly |
| Variable Interest is calculated daily on the portion of the account balance in each range. | 1.8% | Amount $50,000–$99,999.99 | monthly |
| Variable Interest is calculated daily on the portion of the account balance in each range. | 1.8% | Amount $100,000+ | monthly |
Fees
| Fee | Type | Amount |
|---|---|---|
| Dormant account fee Charged every 6 months · $15.00 six monthly if an account has no transactions (other than government charges or interest) processed during the preceding 24 months | Ongoing | $15.00 |
| EasyPay notification fee - Letter | Withdrawal | $8.00 |
| SMS alert fee Charged for each SMS alert that is sent to you notifying you of account balances and/or other nominated transactions. | Transaction | $0.20 |
| Cheque notify fee - Customer Service | Event | $20.00 |
| Telegraphic transfer - Australian Currency (Outgoing International Payment) When transferring in AUD. Fee is inclusive of $40.00 payable to the product issuer, Convera Australia Pty Ltd. | Withdrawal | $50.00 |
| EasyPay notification fee - SMS | Withdrawal | $0.20 |
Bank cheque fee
|
Features
- Notifications — SMS or Email
- Receive notification from bank of your nominated transactions (e.g. low account balance warning; credits over $500)
- PayID
- Fraud protection
- Card access — Visa Debit Card
- Digital wallet — Apple Pay or Google Pay
- Digital banking
- Real-time payments (NPP)
- Free transaction allowance — $3.00
Eligibility
- Must be identifiable in terms of legislative requirements
- Minimum age — 55 years
- Residency status — Australian Residents only
Constraints
- Minimum balance — $1.00
- Opening balance — $1.00
More Information
Published by Greater Bank Limited under the Consumer Data Right · Last updated 24 June 2026 · Product ID 3060 · View on CDR.gov.au · View Source Data (JSON)