Retirement account

Let’s make life a little easier

We know that banking doesn’t necessarily get easier as you get older. But when it’s time to retire, you can rest easy that we’ve got your back.

Our Retirement account is designed with the specific needs of customers who are a recipient of an Age or Veteran’s Affairs pension or self-funded retiree. Tiered interest rates will keep your money working, while low fees and regular statements keep you in control.

Retirement account

Tiered interest

with higher rates on balances over $50,000

Dig into the details

Want to know more about our everyday products? Our team is always up for a chat – on the phone or in one of our branches.

Why pick our Retirement account?

The last thing any of us want to do with our retirement is worry about money. Our Retirement account has the features you need, plus the support of an experienced team to make banking that little bit easier.

No monthly fees

We’ve said goodbye to monthly fees1 to help keep your costs down.

Free electronic transactions

We give you the flexibility of unlimited free EFTPOS and electronic transactions.

Secure payments

Enjoy the convenience of paying directly from your account, with one free Visa Debit card.

Great value, plain & simple

Our Retirement account brings together flexibility and convenience so you can enjoy retirement on your own terms. All with the peace of mind that comes from knowing that your nest egg is safe and secure for years to come.

Browse features

Retirement account

$0 monthly access fees2
Tiered interest with higher rates on balances over $50,000
Unlimited free EFTPOS and electronic transactions
One free Visa Debit card or cheque book
Fully featured iBank, Hume Bank App, and phone banking
Use your card with Apple Pay, Google Pay, Samsung Wallet, Fitbit Pay and Garmin Pay

Lock in your interest

Looking to lock away some cash and enjoy guaranteed interest?

Our term deposits are a great option if you’re ready to get serious about saving, or need somewhere to park your cash while you figure out the next move.

The low-down on rates & fees

 

Interest rates

Account balance Interest rate (p.a.)
$1 - $49,9991.35%***
$50,000 - $249,9991.65%***
$250,000+2.55%***

Get the ball rolling

Being owned by you means meeting our customers wherever they’re at. And that means having lots of ways for you to open an account with us – in person, or on the phone.

Let’s figure it out

If you’re wanting to make the most of your golden years, take a look through our tools and guides or pop by a branch to have a yarn with someone in our team.

Explore our savings accounts

iSave account

3.00% p.a.*

interest on balances $1 or more

  • $0 monthly access fees
  • No minimum opening balance
  • Withdraw your money any time
  • No minimum monthly deposit
  • Open an account instantly online with iBank
  • Fully featured iBank, Hume Bank App, and phone banking

Reward Saver account

5.00% p.a.**

with $10 deposits and no withdrawals in a month

  • $0 account keeping fees
  • No minimum opening balance
  • Two fee-free branch withdrawals per month
  • eStatements available
  • Eligible for linked account fee exemptions
  • Fully featured iBank, Hume Bank App, and phone banking

Term deposit

4.50% p.a.***

100 days at maturity $1,000 and over

  • Competitive interest rate
  • Fixed interest payments
  • $0 set up fee
  • No monthly fees
  • Wide range of terms available
  • Government Guaranteed Deposit

Simple solutions for everyday banking

There’s no getting around it – banking is part of life. But that doesn’t mean it has to be hard! We’ve put together a collection of resources to help you make the most of your finances, no matter where you are in life.

Things you should know

Rates, fees and charges and other information correct as at 1 December 2023 and may change without notice.

Terms, conditions, fees, charges and eligibility criteria apply.

Please read the Product Disclosure Statement and Fees & Charges and consider whether this product is right for you. Also available in branch or at 1300 004 863.

To view the Target Market Determination for this product go to Target Market Determinations.

Download a copy of our Personal account rates. Find out how to reduce your fees and charges.

Unapproved debit balances incur interest at 15.90% p.a. calculated daily on full closing balance and debited on the last calendar day of each month.

* Interest is calculated daily and paid monthly.

** Interest is calculated daily and paid monthly. Bonus interest is calculated daily and paid monthly provided that $10 or more was deposited and no withdrawals were made in the month. Deposits must be made by 5pm on the last day of the month to earn bonus interest.

*** Interest is calculated daily and paid on maturity.

1 Non-standard fees may apply – please refer to ’non-standard fees and charges’ in our Fees & Charges Document for details.