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 NameHume Bank Retirement Account
Maximum Variable Rate0.5% p.a.
Standard Variable Rate0.01%
Monthly Account Fee$0
Minimum Opening Deposit$1
Minimum Age55

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

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.

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