Community First CU Retirement Plus Account

Customise your retirement with a high interest-earning transaction account that lets you choose how to access your money.

The Community First Retirement Plus Account is for Australians over the age of 55, or those who are retired or receiving a pension. It gives all of the benefits of an easy-to-manage everyday account along with a higher rate of interest applied to the balance. In addition to interest earned, it carries a range of features and accessibility options to make sure you can keep getting use out of the account.

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0.45% p.a.

Maximum variable rate


Base interest rate

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Product NameCommunity First CU Retirement Plus Account
Maximum Variable Rate0.45% p.a.
Standard Variable Rate0.45%
Monthly Account Fee$0
Minimum Opening Deposit$0
Minimum Age55

Key features

Interest rates

Your balance earns interest in tiers, where the first $9,999 has a nominal rate applied while the balance between $10,000 and $99,999 will receive a higher rate. This rate increases to 0.45% for balances above $100,000.

Hand-in-hand functionality with the deeming rate

The tiered interest earned by this account works in line with the federal government deeming rates for pensioners. This account delivers interest rates of 0.45% for balances of $100,000, while the deeming rate for singles, or couples where neither earns a pension is 1.75% p.a. for the first $40,800. If you're earning the highest tiered interest rate with this account, your income for benefit purposes can still be assessed as though you were only earning 1.75% p.a, even though you're getting more money in the bank.

View more Community First accounts

How to apply


There are no employment requirements on who can apply for membership but you will be asked to pay a one-time $2 fee for your share. Other eligibility requirements to consider include:

  • Minimum age. In order for your application to be accepted you must be at least 55 years old, retired, or receiving one of the pensions mentioned above.
  • Residency requirements. Applications are accepted by Australian residents with a residential address in Sydney and the Central Coast Region.

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