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Hume Bank Retirement Account
An account designed for pensioners over 55 years old.
This account is designed for pensioners aged over 55, offering easy access to your money and competitive, tiered interest rates. There are no monthly account keeping fees, and you receive a monthly statement to help keep track of your savings.
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0.5% p.a.
Maximum variable rate
0.01%p.a.
Base interest rate
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Details
| Product Name | Hume Bank Retirement Account |
|---|---|
| Maximum Variable Rate | 0.5% p.a. |
| Standard Variable Rate | 0.01% |
| Monthly Account Fee | $0 |
| Minimum Opening Deposit | $1 |
| Minimum Age | 55 |
Review by
Alison Banney
alison.banney@finder.comAlison 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
This account offers competitive, tiered interest rates up to 0.5% allowing your money to continue to work hard for you, when you may no longer be!
Key features
No monthly access fees with unlimited free electronic transactions, including EFTPOS
How to apply
You need to be a member of Hume Bank to apply for this account. Unfortunately you cannot open this account online, you will need to visit a local branch with ID such as a drivers licence or passport in order to apply for this account. Hume Bank will help you switch over from your existing account at the time your account is opened.
