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CUA Everyday 55+ Account

Alison Banney
Alison Banney
Last updated:  

Pay no account keeping fees, earn interest on your everyday funds and make secure contactless payments on the go with your phone.

The CUA Everyday 55+ Account is an everyday bank account for Australians aged 55 with no account keeping fees. This account rewards you with a tiered rate of interest on your everyday funds and includes a linked Visa Debit Card.

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Details

Product NameCUA Everyday 55+ Account - DISCONTINUED
Maximum Variable Rate0.85% p.a.
Standard Variable Rate0.85%
Monthly Account Fee$0
Minimum Opening Deposit$0
Minimum Age55

Key features

Important

As of 4 February 2019, this product is only available to existing customers. It is no longer available to new customers. For existing customers, variable interest rates still apply.

Review more banking product from CUA

Tiered interest rate up to 2.6%

The CUA Everyday 55+ Account has a tiered interest rate, as shown in the table below. Interest is calculated daily and paid to your account on the last day of the month.

Balance Interest rate
$4,999 and under0.01%
$5,000 - $49,9990.85%
$50,000 and higher2.6%

How to apply

You can open this account online in less than 10 minutes.

Eligibility

  • Age. You must be 55 years or older to apply for this account.
  • Australian resident. You must be an Australian resident with a registered residential address (this is the address your Visa Debit Card will be sent to).

Expert review

Alison Banney

Review by

Alison Banney is the banking and investments editor at Finder. She has written about finance for over six years with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business.

Expert review

Enjoy the convenience of being able to make secure contactless payments with your phone, by linking your debit card to Apple Pay, Google Pay or Samsung Pay.

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6 Comments

    Default Gravatar
    Bruce
    October 17, 2018

    How do I open a CUA 55+ account please?

    Reply
      Default Gravatar
      Joel
      October 17, 2018

      Hi Bruce,

      Thanks for leaving a question on finder.

      To open the CUA Everyday 55+ Account, visit a CUA branch or get in touch with a CUA representative over the phone. If you’re an existing CUA member, you can apply for this account by logging on the CUA Internet banking facility.

      Eligibility criteria for this account applies as follows:

      1. Age. You must be 55 years or older to apply for this account.
      2. Deposit. You must make a minimum deposit of $1 when you open this account.
      3. Membership. You must be an existing CUA member to open this account or to apply online. Visit a CUA branch and provide the identification documents listed below to become a member of the credit union.

      Please send me a message if you need anything else. :)

      Cheers,
      Joel

      Reply
    Default Gravatar
    Bruce
    October 17, 2018

    I have $60,000 to place on term deposit. What are your offers please?

    Reply
      Avatarfinder Customer Care
      Jhez
      October 18, 2018

      Hello Bruce,

      Thank you for your comment.

      CUA actually has Term Deposit Account wherein their terms are really flexible. You get to choose a term length from one month to five years. See the interest rates per term here. You also have the option of having interest paid to you monthly, annually or at maturity.

      Alternatively, you may also confirm other term deposit accounts here. After comparing, please click the Go to Site button of your preferred account to apply. Please make sure that you’ve read the relevant T&Cs or PDS of the account to help consider whether the product is right for you.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.

      Regards,
      Jhezelyn

      Reply
    Default Gravatar
    Coral
    November 19, 2016

    My husband and I have a joint account with you already.
    We would like to open a second over 55 account.
    I know I can do this online.
    How can I transfer my all of money from a different bank to you easily?

    Reply
      Avatarfinder Customer Care
      Shirley
      November 21, 2016

      Hi Coral,

      Thanks for posting your question on finder.com.au.

      When you open your second CUA Everyday 55+ account, you will receive a BSB and account number when the account is active.

      You can then use these details to be your recipient details and process the transfer via online banking.

      Hope this helps,
      Shirley

      Reply
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