This account is designed for pensioners aged over 55, offering easy access to your money and competitive, tiered interest rates. There are no monthly account keeping fees, and you receive a monthly statement to help keep track of your savings.
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Hume Bank Retirement Account
- Maximum variable rate
- 2.55% p.a.
- Base interest rate
- 1.35%p.a.
Our verdict
An account designed for pensioners over 55 years old.
This account offers competitive, tiered interest rates up to 2.55% allowing your money to continue to work hard for you, when you may no longer be!
Pros
-
No monthly access fees
-
Unlimited free electronic transactions, including EFTPOS
-
Internet banking, phone app, and telephone banking
Cons
-
Can only apply in branch for this account
Details
Key details
| Product Name | Hume Bank Retirement Account |
| Maximum Variable Rate | 2.55% p.a. |
| Standard Variable Rate | 1.35% p.a. |
| Monthly Account Fee | $0 |
| Minimum Opening Deposit | $1 |
| Minimum Age | 55 |
Key features
No monthly access fees with unlimited free electronic transactions, including EFTPOS
How to apply
You need to be a member of Hume Bank to apply for this account. Unfortunately you cannot open this account online, you will need to visit a local branch with ID such as a drivers licence or passport in order to apply for this account. Hume Bank will help you switch over from your existing account at the time your account is opened.
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Alison Finder
Editor
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