---
title: "Retirement Plus Account — Police Bank"
description: "Transaction & Savings Accounts from Police Bank. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/police-bank/products/a644e75e-c2b7-43f9-a8f5-3417c491314f
source: "CDR Compare"
language: en-AU
last_updated: 2026-07-28T22:48:34.112Z
---

# Retirement Plus Account — Police Bank

> Transaction & Savings Accounts from Police Bank. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare.

**Transaction & Savings Accounts**

Our Retirement Plus account specially designed for retirees with a flat rate of interest which provides security and peace of mind while your savings grow.

## At a glance

- **Base rate:** 2.25%

## Apply

Applications are handled by the provider: [Apply at Police Bank](https://www.policebank.com.au/banking/retirement-plus)

## Interest rates

| Type | Rate | Comparison | Applies to |
| --- | --- | --- | --- |
| Variable (May be applicable if your account becomes overdrawn) | 11.96% | — | — |

## Deposit rates

| Type | Rate | Applies to | Interest paid |
| --- | --- | --- | --- |
| Variable (Whole Balance) | 2.25% | — | every 6 months |

## Fees

| Fee | Type | Amount |
| --- | --- | --- |
| Additional Statement Fee — $1.50 per page. Payable if and when you request an additional statement. | Event | $5.00 |
| Counter Cash withdrawal fee up to $24,999 — First 3 free if part of Reduced Fees program | Transaction | $2.00 |
| Default Notice Fee — Payable if and when we send you a default notice for an overdrawn account where an arrears remains unremedied after we have sent you an arrears letter | Event | $21.50 |
| Direct Debit Dishonour Fee — Direct Debit Dishonour Fee per transaction | Dishonour | $9.00 |
| Document Retrieval Fee — Minimum $22.77 per hour retrieval fee and minimum $30 per hour administrative fee. Payable on request for documents to be retrieved | Event | $0.00 |
| Overdrawn Savings Account Fee — Payable when any Savings Account is overdrawn by $75 or more within a calendar month Interest will also be charged at the then current Overdraft interest rate | Event | $15.00 |
| Dormant Accounts fee — After 3 years an account is classed as dormant if no Member transactions occur. Interest, fees and government charges are not classed as transactions. | Event | $10.00 |
| External Electronic Periodical Payments — If part of the Reduced Fees program, the first 3 transactions are free. Per transaction if Police Bank staff set up on your behalf. | Transaction | $1.00 |
| Third Party Costs — At Cost. Any costs charged to us from a third party will be passed on to you. Information on these costs is available on request. | Event | $0.00 |
| Counter Cash withdrawal $25,000 and over — Per cash withdrawal $25,000 or over | Transaction | $50.00 |

## Features

- **Direct Credits. Make regular credits like your pay into this account**
- **Contributes to Reduced Fees Program. Simply maintain a combined monthly balance of $5000 or more worth of savings, investments or loans and you will receive more fee free ATM and EFTPOS transactions as well as qualify for fee rebates.**
- **Real-time payments (NPP)** (NPP allows participating banks and financial institutions to process, clear and settle Osko® Fast Payments (which are payments made and received in near real-time) and NPP Quick Payments. )
- **PayID** (Email Address. Select the Contact Method that you would like to use for your PayID i.e. your mobile number or email address.)
- **Digital banking** (Internet banking. You can pay bills via BPAY and check your account details or make transfers anytime or anywhere online with Internet Banking – the service is free.)
- **PayID** (Mobile Number. Select the Contact Method that you would like to use for your PayID i.e. your mobile number or email address.)
- **Bill payment (BPAY)** — BPAY (BPAY - for your bill payments with access to the
BPAY system*)
- **Digital banking** (Phone banking. You can pay bills via BPAY and check your account details or make transfers anytime or anywhere online with Internet Banking – the services is free.)
- **Periodical Payments. Account allows Periodical Payments via Cheque and can also make External Periodical Payments**
- **Direct Debits. A facility to make direct debit payments from your account**
- **PayID** (PayTo® is a modern digital payment solution offering a fast, easy and secure way to pay. It gives members more visibility and control over their payments, and enables merchants and businesses to initiate real-time payments from their customers’ bank accounts.)
- **Periodical Payments. Can set up Periodical Payments**
- **Interest-free period** — 55 days
- **Direct Credits. Set regular payments like your pay sent straight to your account**
- **Digital wallet** — Google Pay (Pay with your Police Bank Visa Debit Cards using Google Pay)
- **Bank@Post. Withdraw cash at any participating Australia Post outlets with Bank@POST™**
- **Real-time payments (NPP)** (Yes)
- **Card access** — Credit Card (Can be used at over 29 million Visa outlets in over 250 countries around the world)
- **Direct Debits. Set up Direct Debits from this account**
- **Digital wallet** — Samsung Pay (Pay with your Police Bank Visa Debit Cards using Samsung Pay)
- **Digital banking** (Internet Banking. You can pay bills via BPAY and check your account details or make transfers anytime or anywhere using our online with Internet Banking – the service is free.)
- **Digital wallet** — Apple Pay (Pay with your Police Bank Visa Debit Cards using Apple Pay)
- **Visa Preferred Rewards. Our Visa Card provides access to the Visa Entertainment program. This gives you the opportunity to purchase unique deals including preferred seating at special events, discounts on retail as well as other exclusive offers**
- **ATM withdrawals. up to $1000**
- **Visa PayWave. Our Debit Card is issued with the Visa PayWave ‘contactless’ payment feature. This allows you to pay for purchases under $100 without swiping, signing, or entering a PIN at participating merchants.**
- **Verified by Visa. Verified by Visa is a service designed to ensure you are protected while shopping online with your Visa card. As you make a purchase online, Police Bank assesses the risk of the transaction based on a number of factors. In some instances, you may be asked to confirm some personal details (date of birth, mother's maiden name, address details) so Police Bank can be sure the card isn't being used without your permission.**
- **Confirmation Of Payee**

## Eligibility

- **Residency status** — Australian Citizen
- **Minimum age** — 18 years
- **Residency status** — Australian Residents
- **Individuals only** (Individuals)

## More information from Police Bank

- [Overview](https://www.policebank.com.au/banking/retirement-plus)
- [Eligibility](https://cdn.mediavalet.com/aunsw/policebank/Dqq2bSDWsE2vIXrDVUfEWA/GwDdRDPPIkibpzdjHGiyzw/Original/PBS17_Retirement-Plus-Saver-Account-TMD.pdf)

## Data provenance

- Published by Police Bank under the Consumer Data Right
- Product ID: `a644e75e-c2b7-43f9-a8f5-3417c491314f`
- Last updated by the provider: 28 July 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/police-bank/a644e75e-c2b7-43f9-a8f5-3417c491314f
- Provider page: https://www.cdrcompare.au/brands/police-bank
- CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000391

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/police-bank/products/a644e75e-c2b7-43f9-a8f5-3417c491314f) — product data published by Australian data holders under the Consumer Data Right. Not financial advice; no rankings, recommendations or affiliate relationships. Always confirm details with the provider.

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