Retirement Account
A transaction account that earns interest for members over 55's or in receipt of a pension.
On this page
Details
| Field | Value |
|---|---|
| Base | 0.25% |
| Ongoing | 0.25% |
| Ongoing cap | $25K |
| 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
Interest rates & fees
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Standard variable | 0.25% | This band only | First $25k |
| Standard variable | 3.75% | This band only | Over $25k to $50k |
| Standard variable | 2.30% | This band only | Over $50k |
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 Account.
- No monthly account-keeping fee on this reviewed personal savings account. Other service, dishonour and transaction charges can apply. No current introductory/new-money rate is established.
- Interest paid monthly on each balance portion. The first $25,000 earns its first-tier rate, the higher next-tier rate is not applied to the entire balance. No monthly activity bonus condition.
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 | 0.25% | 0.25% | - |
Source: noren.com.au
Eligibility
- Available for personal use only
- Australian citizen or a permanent resident of Australia or otherwise approved
- Parent/guardian written consent is required for members under 16. Mighty Mutual may be opened for a child under 12 with consent or an eligible trust-for-child arrangement, other reviewed savings accounts start at age 12.
- Age 55+ OR receive a qualifying pension. The pension route means 55 is not a universal minimum age. Confirm current pension/identification eligibility with the bank.
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 28 Oct 2026.