ADVANTAGE 55
Our most popular everyday transaction account for customers aged 55 and over, featuring a wide range of account access options.
- Base rate
- 2.5%
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable | 0.01% | ADVANTAGE 55_Tier_1 | monthly |
| Variable | 1.75% | ADVANTAGE 55_Tier_2 | monthly |
| Variable | 2% | ADVANTAGE 55_Tier_3 | monthly |
| Variable | 2.5% | ADVANTAGE 55_Tier_4 | monthly |
Fees
| Fee | Type | Amount |
|---|---|---|
| BULK_COIN_COUNTAGE Up to 2% for bulk coin counting above $300. Fee excludes money boxes & community | Deposit | 2% of transaction |
| DIRECT_DEBIT_DISHONOUR | Event | $9.00 |
| FOREIGN_CASH_WITHDRAWAL_FROM_VISA_DEBIT_CARD | Withdrawal | $3.00 |
| FOREIGN_CHEQUE_DEPOSIT | Transaction | $11.00 |
| OVERDRAWN_SAVINGS_ACCOUNT per occurence | Event | $20.00 |
| STATEMENT_COPY | Event | $2.50 |
| TOTAL_CASH_WITHDRAWAL_ABOVE_4000_PER_DAY A fee of 0.25% of total cash withdrawals is charged for total cash withdrawals over $4000 in a day. | Withdrawal | 0.25% of transaction |
| VISA_CARD_INTERNATIONAL_TRANSACTION_FEE | Transaction |
Features
- Card access — Visa Debit
- Unlimited transactions
- No transaction fees apply although fees may apply for large cash withdrawals or deposits.
- Digital wallet — Apple Pay, Samsung Pay and Google Pay
- PayID
- Create a PayID through Horizon Bank s Internet Banking or Mobile Banking App to receive Osko payments with a unique identifier, such as your mobile number or email address, enabling you to receive and send money securely without the need to remember complex banking details.
- Real-time payments (NPP)
- This account type is enabled for Osko payments, via the New Payments Platform (NPP). Osko is the faster way to pay or receive money from friends, family and businesses. No more waiting days for money to change hands. Now you can pay and be paid in a matter of seconds
- Digital banking
- Internet Banking and Mobile Banking App.
Eligibility
- Minimum age — 55 years
More Information
Published by Horizon Bank under the Consumer Data Right · Last updated 30 June 2026 · Product ID S55_S550001 · View on CDR.gov.au