In this guide

  • Our verdict
  • Details
    • Key details
  • Key features
  • How to apply
  • Your reviews
  • Ask a question
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Great Southern Bank Everyday 50+ Account

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Great Southern Bank Everyday 50+ Account - Customers aged 50+ only
Maximum variable rate
2.95% p.a.
Base interest rate
0.1%p.a.

Our verdict

Get an everyday transaction account with no monthly fees and no ATM withdrawal fees in Australia for those aged over 50.

This account offers the best of both worlds: it’s an everyday account for daily spending and also pays interest on larger balances like a savings account.

Pros

  • No monthly account fees
  • No ATM withdrawal fees in Australia
  • Samsung Pay, Apple Pay and Google Pay available
  • Earn interest on larger balances

Cons

  • International transaction fee of 2.95% applies
  • Overseas ATM withdrawal fee applies

In this guide

  • Our verdict
  • Details
    • Key details
  • Key features
  • How to apply
  • Your reviews
  • Ask a question

This is an everyday bank account for Australians over 50 years of age, which you can use for day-to-day spending. The account does not have any monthly account-keeping fees or ATM fees in Australia and offers interest on larger balances.

Details

Key details

Product Name Great Southern Bank Everyday 50+ Account - Customers aged 50+ only
Maximum Variable Rate 2.95% p.a.
Standard Variable Rate 0.10% p.a.
Monthly Account Fee $0
Minimum Opening Deposit $0
Minimum Age 50

Key features

Picture not described

$0 monthly fees

This account doesn't charge any monthly account-keeping fees.

Minimum balance requirement

You must maintain a balance of $50,000 with this account.


How to apply

You can open a Great Southern Bank Everyday 50+ account online, and the application will only take about 10 to 15 minutes to complete. Before you begin, make sure you meet the eligibility requirements and have the necessary documents ready.

Eligibility

  • Age requirements. You must be at least 50 years of age to open this account.
  • Residency requirements. You must be an Australian resident or citizen with an Australian residential address.

Your reviews

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Alison Finder

Editor

Hi there, looking for more information? Ask us a question.

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Allan

October 31, 2023

Review says small mimimum balance but figure shown is $50,000 ?


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Richard Whitten Finder

November 07, 2023

Hi Allan,


That’s a good point I think. We’ve reworded that section. Thanks for your comment.


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