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Great Southern Bank Everyday 50+ Account

Get an everyday transaction account with no monthly fees and no ATM withdrawal fees in Australia for those aged over 50.

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.

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0.70% p.a.

Maximum variable rate


Base interest rate

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Product NameGreat Southern Bank Everyday 50+ Account - Customers aged 50+ only
Maximum Variable Rate0.70% p.a.
Standard Variable Rate0.70% p.a.
Monthly Account Fee$0
Minimum Opening Deposit$0
Minimum Age50

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.

Expert review

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.

Key features

$0 monthly fees

This account doesn't charge any monthly account-keeping fees.

Small minimum balance requirement

You must maintain a balance of $50,000 with this account.

How to apply

You can open a Great Southern Bank Everyday 50+ account online, and the application will only take about 10 to 15 minutes to complete. Before you begin, make sure you meet the eligibility requirements and have the necessary documents ready.


  • Age requirements. You must be at least 50 years of age to open this account.
  • Residency requirements. You must be an Australian resident or citizen with an Australian residential address.

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