Westpac 55+ and Retired
The best of both worlds for retirees 55 and over. An everyday account with a debit card that gives you interest like a savings account.
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 $9,999 |
| Standard variable | 1.95% | This band only | Over $9,999 to $49,999 |
| Standard variable | 2.30% | This band only | Over $49,999 to $249,999 |
| Standard variable | 2.90% | This band only | Over $249,999 |
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 Westpac 55+ and Retired.
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 | 1.19% | 1.19% | - |
Source: noren.com.au
Eligibility
- Age 55 or over.
- Those with an Australian residential address and who are currently in Australia.
- The card must be linked to an eligible Westpac account
- Eligible retirees aged 55
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.