Hume Bank Retirement Account

Hume Bank Retirement Account

Maximum Variable Rate

2.25

Standard Variable Rate

2.25

An account designed for pensioners over 55 years old.

  • No monthly access fees
  • Unlimited free electronic transactions, including EFTPOS
  • Internet banking, phone app, and telephone banking

Product details

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.

This account offers competitive, tiered interest rates up to 2.25% allowing your money to continue to work hard for you, when you may no longer be!

Product Name
Hume Bank Retirement Account
Maximum Variable Rate
2.25% p.a.
Standard Variable Rate
2.25% p.a.
Bonus Variable Rate
0.00% p.a.
Monthly Fee
$0
Minimum Opening Deposit
$1
Internet Banking
Yes
Phone Banking
Yes
Minimum Age Requirement
55
No monthly access fees with unlimited free electronic transactions, including EFTPOS

Pros

  • No monthly access fees
  • Unlimited free electronic transactions, including EFTPOS
  • Internet banking, phone app, and telephone banking

Cons

  • Can only apply in branch for this account

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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