Everyday 50PLUS Account
A high interest transaction account available to members 50 years or over, or members who recieve an eligible permanent pension.
- Base rate
- 2.5%
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable Interest paid quarterly in March, June, September and December | 2.5% | $250,000 and over | every 3 months |
| Variable Interest paid quarterly in March, June, September and December | 2.25% | $50,000 to $249,999.99 | every 3 months |
| Variable Interest paid quarterly in March, June, September and December | 1.75% | $10,000 to $49,999.99 | every 3 months |
| Variable Interest paid quarterly in March, June, September and December | 0.05% | Up to $9,999.99 | every 3 months |
Fees
| Fee | Type | Amount |
|---|---|---|
| Special clearance on cheques Maximum charge. Charges either wholly or partly imposed by third parties. | Event | $16.00 |
| BPAY payment return | Event | $5.00 |
| Rejected post-dated BPAY | Event | $5.00 |
| Trace on Electronic Debit/Credit | Event | $20.00 |
| Default Notice fee A Default Notice fee of $30 will be debited from your deposit account or Personal Credit Line facility, where you are in breach of the PDS and/or the schedule and IMB issues a notice to you demanding monies. Refer to the PDS Member Guide to Transactional Banking for further information. | Event | $30.00 |
| Transfers between accounts to cover overdrawn balance | Event | $15.00 |
| Stop payment personal cheque | Event | $15.00 |
Features
- Card access — IMB Visa Debit Card and Cashcard available
- Visa Debit Card is not available to individuals under 15
- Additional cards
- Account holders may hold both a Visa Debit and Cashcard per eligible account
- Free transaction allowance
- IMB's Member Transaction Allowance applies to offset transaction fees on this account.
- Overdraft available
- A Personal Credit Line can be linked to this account type for eligible members. IMB lending criteria, terms and conditions, fees and charges apply.
- Digital banking
- Internet Banking and Mobile Banking App.
- PayID
- Create a PayID through IMB’s Internet Banking or Mobile Banking App to receive Osko payments.
Eligibility
- Pension recipients
- Individuals only
- Minimum age — 50 yearsOR in receipt of an eligible permanent pension
Constraints
- Opening balance — $1.00
More Information
Published by IMB Bank under the Consumer Data Right · Last updated 28 May 2026 · Product ID TSA-8-1 · View on CDR.gov.au