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This is an everyday bank account for Australians over 50 years of age, which you can use for day-to-day spending. The account does not have any monthly account-keeping fees or ATM fees in Australia and offers interest on larger balances.
0.70% p.a.
Maximum variable rate
0.7%p.a.
Base interest rate
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Product Name | Great Southern Bank Everyday 50+ Account - Customers aged 50+ only |
---|---|
Maximum Variable Rate | 0.70% p.a. |
Standard Variable Rate | 0.70% p.a. |
Monthly Account Fee | $0 |
Minimum Opening Deposit | $0 |
Minimum Age | 50 |
Review by
Alison Banney is the banking and superannuation editor at Finder. She has written about finance for more than 8 years with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business.
This account offers the best of both worlds: it’s an everyday account for daily spending and also pays interest on larger balances like a savings account.