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.
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs.
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.
No fees
The Border Bank Retirement Plus is a no fee account. Pay nothing to open the account and continue to pay nothing to keep the account open.
Making deposits
Grow your retirement savings balance by setting up a regular direct credit to the Retirement Plus account from various income streams. You can also make deposits in person by visiting a border bank service centre or by using the pay anyone option from another institution's online banking facility.
Making withdrawal
Access the funds in your Retirement Plus savings account by making withdrawals from Border Bank Internet banking or telephone banking.
Internet banking
View your Retirement Plus account balance, make payments to a linked transaction account and review interest earned for the year using the Border Bank Internet banking facility.
Mobile application
The Border Bank Retirement Plus can be managed through the Border Bank mobile banking application as well as the desktop Internet banking website. You can easily view your account balance on the go using your Internet connected smartphone, and the app even lets you make contactless payments if you have a Border Bank transaction account linked to the Retirement Plus savings account. The Border Bank mobile banking application is compatible with the latest Android and iOS devices. It's free to download, too.
Electronic statements
Cut down on paper consumption by switching to electronic statements. 'E-statements' are available to view online 24 hours a day seven days a week for up to seven years. Electronic statements are issued at the same frequency as paper statements. You can get e-statements even if you haven't registered for Internet banking, they can be sent to your email for you to view.
Government protected
Border Bank are an authorised deposit-taking institution (ADI) and are subject to the stringent guidelines regulated by the Australian Prudential Regulation Authority (APRA). Deposits held by border bank are guaranteed by the government.
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.
If you're an existing member of Border Bank, you can add this product to your membership. Simply enter your Border Bank membership number and your first and last name and select the Retirement Plus savings account from a list of Customs Bank products when prompted.
How likely would you be to recommend finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Important information about this website
finder.com.au is one of Australia's leading comparison websites. We compare from a wide set of banks, insurers and product issuers. We value our editorial independence and follow editorial guidelines.
finder.com.au has access to track details from the product issuers listed on our sites. Although we provide information on the products offered by a wide range of issuers, we don't cover every available product or service.
Please note that the information published on our site should not be construed as personal advice and does not consider your personal needs and circumstances. While our site will provide you with factual information and general advice to help you make better decisions, it isn't a substitute for professional advice. You should consider whether the products or services featured on our site are appropriate for your needs. If you're unsure about anything, seek professional advice before you apply for any product or commit to any plan.
Products marked as 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product. You can learn more about how we make money here.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labelling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. Acceptance by insurance companies is based on things like occupation, health and lifestyle. By providing you with the ability to apply for a credit card or loan, we are not guaranteeing that your application will be approved. Your application for credit products is subject to the Provider's terms and conditions as well as their application and lending criteria.
Please read our website terms of use and privacy policy for more information about our services and our approach to privacy.
