Border Bank Retirement Plus

The Retirement Plus can grow your nest egg so you can relax in retirement.

Border Bank is a division of Police Bank and draws on a history of providing financial services to Australia’s border protection service. Border Bank are still serving Australians by helping safeguard their financial future.

Anyone can apply for a Border Bank banking product. The Retirement Plus is just one of their savings accounts that offer a simplified and rewarding approach to saving.

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0.5% p.a.

Maximum variable rate

0.5%p.a.

Base interest rate

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Details

Product NameBorder Bank Retirement Plus
Maximum Variable Rate0.5% p.a.
Standard Variable Rate0.50%
Monthly Account Fee$0
Minimum Opening Deposit$0

Key features

Interest

The Border Bank Retirement Plus savings account rewards you with a competitive flat rate of interest on your deposit. All deposits accrue interest at 0.5% p.a.

No-strings

The Border Bank Retirement Plus savings account is a no-strings attached way to save. You don't need to make a minimum monthly deposit to earn the full rate of interest and you continue to earn interest even if you make withdrawals during the month.


How to apply

Visit Border Bank website to start a secure online application for the Border Bank Retirement Plus savings account. Here you can find information on the first steps you need to take to open this account.

If you're a retiree or receiving a government pension, you can apply for the Border Bank Retirement Plus. First, you'll need to get in touch with the Border Bank service centre to apply for this account. Fill out the Retirement Plus enquiry form and a member of the Border Bank customer service team will be in touch to follow up your interest for this account.

  • Information. You need to provide your contact information to Border Bank, the enquiry form asks for your first and last name, your email address and your phone number.
  • Becoming a member of Border Bank. As a mutual banking society, Border Bank require that you become a member of the institution if you want to open one of their accounts. Each customer of a mutual bank is a member, and members have a say in how the institution is run. An application for the Retirement Plus account includes an application to become a member of Customs Bank. All members are required to give a guarantee to pay $10 in the event Customs Bank ceases operation.

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