Retirement Access Account
Retirement Access Plus is a transaction account for eligible retirees aged 55 or over to deposit and withdraw funds by various channels including Visa Debit Card and also offers interest on account balances.
On this page
Details
| Field | Value |
|---|---|
| Base | 1.19% |
| Ongoing | 1.19% |
| Ongoing cap | Tiered |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | 0 |
| Dep $/mth | - |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | - |
| Min age | 55 |
| Max age | - |
| Fee/mth | $0 |
Source: noren.com.au
Interest rates & fees
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Standard variable | 0.05% | This band only | First $10k |
| Standard variable | 1.95% | This band only | Over $10k to $50k |
| Standard variable | 2.30% | This band only | Over $50k to $250k |
| Standard variable | 2.90% | This band only | Over $250k |
Source: noren.com.au
This band only: the rate applies to the money within the listed balance range. Other portions earn their own rates.
Rate requirements
For Retirement Access Account.
No ongoing monthly deposit, purchase or balance-growth conditions in the reviewed pricing.
Fees
| Fee | Amount | Details |
|---|---|---|
| Monthly account fee | $0 | Monthly account fee. |
Source: noren.com.au
Showing reviewed fees only, other charges may apply
Rate history
Some checks lacked verified pricing. These observations do not establish uninterrupted availability.
| Observed | Base | Ongoing | Intro |
|---|---|---|---|
| 29 Oct 2026 | 1.19% | 1.19% | - |
Source: noren.com.au
Eligibility
- Personal customers who are aged 55 years and over who tell us they are retired.
- Those with an Australian residential address and who are currently in Australia.
- The card must be linked to an eligible Bank of Melbourne account
- You must be retired to be eligible for this product
Similar products
Tools & support
Things you should know
- Check withdrawal access, linked-account requirements and transaction timing with the provider.
- Introductory and ongoing offers may have different eligibility and balance limits.
Collected and verified on 31 Oct 2026.