Retirement Account
An account specifically for age pensioners
- Base rate
- 3.05%
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable | 1.75% | Retirement Account_Tier_1 | every 6 months |
| Variable | 2.05% | Retirement Account_Tier_2 | every 6 months |
| Variable | 3.05% | Retirement Account_Tier_3 | every 6 months |
Fees
| Fee | Type | Amount |
|---|---|---|
| ARCH Archive search fee - Retrieval of account information - $50/per hour. Min $10 | Event | $10.00 |
| FEEADDCARD Additional card fee - Payable for the second and any subsequent card request per customer | Event | $10.00 |
| FEEBILLCOLL Bill for collection fee - Payable when you deposit a foreign currency cheque of $5000 or more | Event | $50.00 |
| FEECOINDEP Coin deposit fee - Payable when you ask us to count large amounts of coin (over $200 in value). Not applicable when you use a coin counting $200 in value). Not applicable when you use a coin counting | Deposit | $2.00 |
| FEEDDHON Direct Debit honour fee - Insufficient cleared funds in your account to meet debit request | Transaction | $15.00 |
| FEEINACT Inactive account fee - Where your account has not been transacted upon for a period of 24 months or more | Event | $20.00 |
Features
- Digital banking
- Digital wallet — Apple Pay
- Real-time payments (NPP)
- PayID
- Unlimited transactions
- Additional cards
- Card access
- Digital wallet — Google Pay
- Bill payment (BPAY)
Eligibility
- Pension recipients
- Self funded retirees may apply
- Residency status — Must be residing in Australia with an Australian residential mailing address
More Information
Published by Hume Bank under the Consumer Data Right · Last updated 31 May 2026 · Product ID S12V1 · View on CDR.gov.au