In this guide

  • Review
  • Details
    • Key details
  • Key features
  • How to apply
  • Compare other savings accounts
  • Your reviews
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Greater Bank Retirement Plus

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Greater Bank Retirement Plus
Maximum variable rate
2.40% p.a.
Base interest rate
0.01%p.a.

Summary

An interest bearing bank account designed for those over 55.

Greater Bank's Retirement Plus lets over 55s save and spend money flexibly whhile earning some interest. The account has no monthly fees. You'll need to maintain a fairly large account balance to qualify for the highest rate tier.

Pros

  • 24/7 access to your money
  • Online statements available
  • Linked Visa debit card

Cons

  • Transaction fees may apply
  • You need a large balance to get the highest rate

In this guide

  • Review
  • Details
    • Key details
  • Key features
  • How to apply
  • Compare other savings accounts
  • Your reviews

Details

Key details

Product Name Greater Bank Retirement Plus
Maximum Variable Rate 2.40% p.a.
Standard Variable Rate 0.01% p.a.
Monthly Account Fee $0
Minimum Opening Deposit $0
Minimum Age 55

Key features

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Minimum balance

This account comes with a minimum account opening and ongoing balance requirement of $100,000.

Choice of cards

Greater Bank let you choose from a Visa debit card. The Visa debit card lets you transact globally, anywhere you see the Visa symbol. You can also use your Visa card details to pay bills and make purchases over the Internet and over the phone.


How to apply

Eligibility

If you're already a Greater Bank customer you can log into Internet Banking and apply. If not, you can still submit an online application or you can apply by walking in to your nearest Greater Bank branch. To apply, you have to meet the eligibility criteria listed below:

  • Minimum age. You should be over 55 years old.
  • Residency requirements. You should be a permanent Australian resident.

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