Bendigo Bank Easy Retirement Account

Bendigo Bank Easy Retirement Account

Maximum Variable Rate


Standard Variable Rate


Make saving for retirement simpler and easier with low to no fee transaction account.

  • Unlimited bank transfers
  • Australia-wide access to ATMs and branches
  • Stepped interest lets you earn more as your balance grows
  • No monthly service fee if you meet conditions

Product details

If you are over 55, and a self-funded retiree or on an aged or veterans pension, you can sign up for the interest-earning Bendigo Bank Easy Retirement account. With a minimum opening balance of $1, nationwide ATM access, linked debit card and no monthly account fees for eligible people, it’s a convenient and highly functional all-in-one choice for those who are 56 or older.

Product Name
Bendigo Bank Easy Retirement Account
Maximum Variable Rate
0.50% p.a.
Standard Variable Rate
0.50% p.a.
Monthly Fee
Minimum Opening Deposit
Internet Banking
Internet Transaction Fee
Phone Banking
Phone Transaction Fee
Joint application?
Minimum Age Requirement

What are the features of the Easy Retirement Account?

Bendigo Bank’s Easy Retirement account can bring more simplicity to your retirement savings, and eligible account holders can access a distinct blend of versatile transaction options and a reasonable amount of interest earned, all without any monthly account fees.

Stepped interest rates

The interest rate offered on this account is stepped, meaning that you'll earn a higher rate of interest on the portion of your balance above a certain threshold. For example, for the portion of your balance beneath $10,000, you'll earn 0.50% p.a. interest. At the other end of the spectrum, you'll earn 1.70% p.a. on the portion of your balance that's $250,000 or greater.

Interest calculated daily

Interest is calculated daily making it easier to take advantage of the stepped interest rates as you are able

Low and no account fees

Account-holders who deposit 2000 or more per month, or have eligible Bendigo Bank home, contents, vehicle, landlords, boat or caravan insurance, home loans or managed funds, have no monthly fees at all. A $3 per month account keeping fee applies for others.

Unlimited transfers

Unlimited transfers, many options and a linked debit card mean you can access your money as needed in the way you choose.

ATM access

Use hundreds of ATMs and bank branches around Australia to conduct transactions

Linked debit card

The Bendigo Blue Debit Mastercard comes with the account, letting you get at your account wherever Mastercard is accepted.

Global access

Keen travellers can enjoy worldwide access to card transactions including tap-and-go, and overseas cash-out at ATMs or in stores.

Compare more banking products from Bendigo


  • Unlimited phone banking transfers
  • Unlimited Bendigo ATM & branch withdrawals
  • Unlimited EFTPOS withdrawals and retail purchases within Australia


  • Available if you're over 55 years of age

How do I apply for the Bendigo Bank Easy Retirement account

If you’ve compared the Easy Retirement account to the other options available, and find it to be right for your needs, you will need the following for to complete your application.

Eligibility requirements

  • Minimum age. You must be over the age of 55 to open a Bendigo Bank Easy Retirement account.
  • Pension requirements. You must be either a self-funded retiree or the recipient of a Centrelink aged pension or Department of Veterans Affairs administered pension.
  • Depository requirements. A minimum $1 initial deposit is required to open the account

Documentation needed for your application

  • Identification. You will need to provide appropriate personal identification documents, including proof of age, to open an account.
  • Pensioner card. You will be required to provide evidence of and information on your pensioner status.

What happens after I submit my application?

After signing up Bendigo Bank will verify the information provided, after which your account information and debit card, if applicable, will be sent to you. Once you receive confirmation from Bendigo Bank, your account is ready to use.

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