Greater Bank Retirement Plus Summary
Description
Seniors transactional account
Benefits
- No monthly savings-account fee.
- No monthly activity requirements for the ongoing rate.
Hoops
- Ongoing rate cap: $5,000. See the rate breakdown for higher balances.
On this page
Details
Key details
| Product name | Greater Bank Retirement Plus |
|---|---|
| Maximum variable rate | 0.01% p.a. |
| Ongoing interest rate | 0.01% p.a. |
| Base interest rate | 0.01% p.a. |
| Minimum age | - |
Source: noren.com.au
All comparison details
| Base | 0.01% |
|---|---|
| Ongoing | 0.01% |
| Ongoing cap | $5K |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | 0 |
| Dep $/mth | - |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | - |
| Min age | - |
| Max age | - |
| Fee/mth | $0 |
Source: noren.com.au
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 0.01% p.a..
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Standard variable | 0.01% | This band only | First $5k |
| Standard variable | 1.65% | This band only | Over $5k to $50k |
| Standard variable | 2.00% | This band only | Over $50k |
Source: noren.com.au
Share/Export
This band only: the rate applies to the money within the listed balance range. Other portions earn their own rates.
Requirements
- No monthly interest deposit, growth, purchase or withdrawal-count qualification. Interest uses separate balance portions, the highest advertised tier is not the rate on the whole balance.
- Zero monthly account-keeping fee. Transaction/service fees can apply: standard $3 monthly transaction-fee allowance plus $3 for each whole $1,000 minimum monthly balance, relevant fees may be waived with an eligible linked Standard Home Loan. A selected current balance does not prove a full-month minimum or a fee waiver.
- The schedules disclose a $15 six-monthly dormant-account fee after 24 months without qualifying activity, plus optional/special-service fees. This is not a regular monthly account-keeping fee.
Fees
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with Greater Bank.
- In Australia with an Australian residential address and satisfactory identity checks. $1 minimum opening and ongoing balance.
- At least one holder must meet the senior eligibility condition. Current product page says 55 and over, the product schedule says over 55. The source minimum 55 remains in signed evidence, no universal minimum age is imposed on all joint holders, and the exact birthday boundary is not newly resolved here. Joint accounts are permitted, the other holder need not meet the age condition. Open in branch.
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Sources & review
Noren aggregates information from multiple primary sources to ensure you're getting the most up-to-date, accurate information. All product information is peer reviewed.
Collected and verified on 31 Oct 2026.