Police Bank Retirement Plus Account Summary
Description
Our Retirement Plus account specially designed for retirees with a flat rate of interest which provides security and peace of mind while your savings grow.
Benefits
- No monthly savings-account fee.
- No monthly activity requirements for the ongoing rate.
- No upper balance cap in the reviewed ongoing pricing.
Hoops
- Applicants must be at least 55.
On this page
Details
Key details
| Product name | Police Bank Retirement Plus Account |
|---|---|
| Maximum variable rate | 2.50% p.a. |
| Ongoing interest rate | 2.50% p.a. |
| Base interest rate | 2.50% p.a. |
| Minimum age | 55 years |
Source: noren.com.au
All comparison details
| Base | 2.50% |
|---|---|
| Ongoing | 2.50% |
| Ongoing cap | No cap |
| 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
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 2.50% p.a..
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Standard variable | 2.50% | Whole balance | All balances |
Source: noren.com.au
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Requirements
- No monthly balance-growth or purchase-count requirement.
- Calculated daily on the whole balance, paid twice a year on 30 June and 31 December.
Fees
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with Police Bank.
- Australian Citizen
- Australian Residents
- Individuals
- Age 55+ and retired, or age 55+ receiving State super, Centrelink or Veterans’ Affairs pension/allowance.
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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 on 31 Oct 2026. Pricing verified on 27 Oct 2026.