St.George Bank Retirement Access Plus Account

The Retirement Access Plus is St.George’s hybrid bank account and savings account that rewards you with interest and no account fees — no strings attached.

Half transaction account and half high interest savings account, the Retirement Access Plus is St.George’s all in one retirement banking product. Get rewarded with a competitive tiered approach to interest and no monthly fees. Balances over $250,000 accrue interest at 0.05%.

0.3% p.a.

Maximum variable rate


Base interest rate

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Product NameSt.George Retirement Access Plus Account
Maximum Variable Rate0.3% p.a.
Standard Variable Rate0.05% p.a.
Monthly Account Fee$0
Minimum Opening Deposit$0
Minimum Age55

Key features

Competitive interest rates

Unlike other savings accounts, there is no condition you need to meet to earn interest. You don't need to make a certain number of deposits each month and you still earn interest if you make withdrawals. Interest on this account is tiered. Balances over $250,000 accrue interest at 0.05%. Interest is calculated daily and paid into the account monthly.

Enjoy unlimited access to your money

The Retirement Access Plus Account is a savings account with debit card access. You can make an unlimited number of everyday banking transactions including staff-assisted transactions and EFTPOS transactions within Australia for free. There is no minimum balance requirement for this.

How to apply


Before you apply check your eligibility for the Retirement Access Plus Account below.

  • You must be over the age of 55 and retired or receiving a pension such as the aged pension, carers, disability, widow and veterans affairs pensions.

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    Default Gravatar
    February 3, 2020

    Is it correct that funds in a St George Retirement Access Account can be a tax deduction

      Default Gravatar
      February 4, 2020

      Hi Jenny,

      Thanks for your comment and I hope you are doing well.

      It’s helpful to know that as this is a standard everyday transaction account for people aged over 55 the money can’t be claimed as a tax deduction.
      Hope this helps and feel free to reach out to us again for further assistance.


    Default Gravatar
    February 10, 2017

    Can I have more than one Retirement Access Plus Cheque account? I would like to have two separate fee free savings accounts so as to keep track of income and spending.

      Avatarfinder Customer Care
      February 10, 2017

      Hi Dawn,

      Thanks for getting in touch.

      Yes, you can open two accounts so long that you will put the pension into both accounts.

      If in case, you may also like to check other retirement savings accounts featured on our website. On that page, you should know more about how retirement savings accounts work.

      I hope this helps. Should you have further questions, please don’t hesitate to reach out again.

      Have a wonderful day!


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