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Greater Bank Retirement Plus

Last updated:  

An interest bearing bank account designed for those over 55.

The Retirement Plus Account provided by Greater Bank lets your money earn competitive interest in a tiered manner. Account holders get to choose between a Visa debit card and an access card. You also get access you funds in your account in other ways. This account does not charge any monthly account keeping fees.

1% p.a.

Maximum variable rate

1% p.a.

Base interest rate

Details

Product NameGreater Bank Retirement Plus
Maximum Variable Rate1% p.a.
Standard Variable Rate1.00%
Bonus Variable Rate0.00%
Monthly Account Fee$0
Minimum Opening Deposit$0
Minimum Age55

Key features

Minimum balance

This account comes with a minimum account opening and ongoing balance requirement of $100,000.

Choice of cards

Greater Bank let you choose from a Visa debit card and an access card. You can use both these cards at ATMs and EFTPOS terminals across Australia. The Visa debit card lets you transact globally, anywhere you see the Visa symbol. You can also use your Visa card details to pay bills and make purchases over the Internet and over the phone.


How to apply

Eligibility

If you're already a Greater Bank customer you can log into Internet Banking and apply. If not, you can still submit an online application or you can apply by walking in to your nearest Greater Bank branch. To apply, you have to meet the eligibility criteria listed below:

  • Minimum age. You should be over 55 years old.
  • Residency requirements. You should be a permanent Australian resident.
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