Retirement Advantage Account
An everyday bank account with no maintenance fees that rewards you with interest. For those aged 55 and over.
On this page
Details
| Field | Value |
|---|---|
| Base | 0.95% |
| Ongoing | 0.95% |
| 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 | 1.55% | This band only | Over $10k to $50k |
| Standard variable | 2.05% | This band only | Over $50k to $250k |
| Standard variable | 2.55% | 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 Advantage 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
| Observed | Base | Ongoing | Intro |
|---|---|---|---|
| 29 Oct 2026 | 0.95% | 0.95% | - |
Source: noren.com.au
Eligibility
- A bank account exclusively for those aged 55 and over, for joint accounts one customer must meet this age requirement and additional eligibility rules apply. For applications post 15 April 2025, this product cannot be opened by an individual in their capacity as an executor/administrator of a deceased estate.
- The Retirement Advantage account is an account for customers who are aged 55 or over.
- Australian citizen or Australian permanent resident: Customer must have a residential address in Australia (limited exceptions may apply subject to conditions)
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 on 30 Oct 2026. Pricing verified on 27 Oct 2026.