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Retirement Plus Account - Greater Bank

Retirement Plus Account

Interest rates 1.80 % p.a.
For portions of your balance above $50,000.00. Calculated daily, paid monthly.

Part savings, part everyday account.

Retirement Plus rewards you with an interest rate, while offering easy access to your money.

Why choose our Retirement Plus Account?

Best of both

For customers 55 and over, Retirement Plus is part everyday account, part savings account.

Higher interest rate paid on your balance

The more you keep in the account, the higher the interest rate you’ll earn. Interest is calculated daily, paid monthly.

More for you

No monthly account-keeping fees.

Manage your money 24/7

Access your money whenever you need to, wherever you are via our app or online banking. Plus, set up your Digital Wallet to make purchases using Apple Pay and Google PayTM.

Osko® and PayID®

Set up your PayID to send and receive payments in seconds thanks to Osko by BPAY®.

Access to the VISA Network

Get a Visa Debit card with your account and take advantage of 24/7 fraud monitoring and Visa payWave.

 

How is interest calculated on our Retirement Plus account?

Our Retirement Plus account has a number of interest rate tiers, and accordingly, the interest that you will be paid depends on your account balance. 

For example, let's say you have an account balance of $105,000.00.

You will be paid: 

  • One interest rate on the portion of your balance from $0.00 - $4,999.99, 
  • One interest rate on the portion of your balance from $5,000.00 - $49,999.99, 
  • One interest rate on the portion of your balance from $50,000.00 - $99,999.99, and
  • One interest rate on the portion of your balance over $100,00.00.

It does not mean that, as your balance is $105,000.00, you will be paid our $100,000.00+ interest rate on the entirety of your balance.

Rates are effective as at 9am Wednesday 24/06/2026 and are subject to change without prior notice.

Retirement Plus account interest rates

Rates for portion of balance between: $0.00 - $4,999.99 $5,000.00 - $49,999.99 $50,000.00 - $99,999.99 $100,000.00+
Variable 0.01% p.a. 1.40% p.a. 1.80% p.a. 1.80% p.a.

Fees

Monthly account keeping fee $0
Over the counter withdrawal $2.25

Other fees and charges apply for certain services or special transactions you request. See the product Terms and Conditions for account terms, conditions, fees and charges.

The fees shown above are not an exhaustive list and fee‑free transaction allowances may apply.

PDF
Current Product Schedule - Retirement Plus 156kB

Who can open a Retirement Plus account?

Our Retirement Plus account can be opened by any individual in Australia who is 55 years and older, with a valid Australian residential address.

Compare all everyday accounts Compare all everyday accounts

How do I open a Retirement Plus account?

To open a Retirement Plus account, you must be an Australian citizen or permanent resident over the age of 55, and have an Australian address.

In order to verify your identity, you'll need your current Australian driver licence, Medicare, or passport details.

Your Tax File Number (TFN) is optional, but if you don't provide it, we may have to collect Withholding Tax on the interest you earn. You can always add your TFN later by calling our Contact Centre at 13 13 86.

Bank greater with help from our calculators

Savings and Deposit Calculator

Budget Planner

 

Tools and support

A card designed to reduce impact. (Mobile)

Made from 100% recycled plastic

A card designed to reduce impact.

Our card bodies are made from 100% recycled plastic, helping reduce the carbon footprint compared to using non-recyclable materials. And that’s all without compromising quality or security.

Card FAQs Card FAQs

Activating your Greater Bank Card is easy and can be done in a number of ways.

App

Most of our customers choose this option as it's the easiest

  • Login to our mobile app
  • Tap on 'Activate your card' on the top right hand side of screen
  • Follow the prompts.
Online banking
  • Simply log on to online banking
  • Click 'Card Maintenance' and select your account from the menu
  • Complete the security and verification procedures.
Phone

You can give us a call on 13 13 86 and one of our friendly staff can activate your card for you.

Branch

Drop into your nearest branch.

Account terms, conditions, fees and charges apply.

Have you noticed a difference between your account balance and your available funds?

The difference may be due to a pending transaction.

Payments, cash withdrawals or deposits can sometimes appear as pending on your account until the transaction is fully processed.

This can cause some confusion as you may think that a payment hasn’t been successful, or you might have been charged for something twice.

If you want to know how much money you have available in your account look at your available funds.

You have a number of options when paying for things online.

  • When transferring money or paying bills, you can of course use online banking. Payments can be made using Osko® by BPAY®, using a BSB and account number, or using BPAY.
  • When making online purchases, you’re able to use your Greater Bank Visa card details, such as your card number, name, card expiry details and CVC number (located on the rear of your card). Just be sure that you’re always making purchases through secure websites. Learn more about this in our Security section.
  • You also have the option to use Google Pay to make purchases online with participating retailers. Your details will remain securely stored and the transaction will take place as a Google Pay payment. If a secure purchasing website offers Google Pay payments, simply follow the prompts.
  • You can also make online payments easy by registering for Click to Pay with Visa. This service allows you to securely store your card details so you don’t have to constantly remember them.  

Osko and BPAY are registered to BPAY Pty Ltd ABN 69 079 137 518. You should review the relevant payment facility terms and conditions available on our website before deciding whether a service is appropriate for your personal circumstances.

Google Pay Terms of Use.
Google, Google Pay, Android, Google Wallet, Google Play and the Google Play logo are trademarks of Google LLC.

You have a number of options when paying for things in-store.

  • Of course, cash is always an option for payments, and you can use your Greater Bank Visa card at any Greater Bank or major bank ATM Australia-wide to withdraw cash. Find an ATM near you here.
  • To make an eftpos purchase by swiping or inserting your Visa card, simply verify the purchase amount on the eftpos terminal, swipe or insert your card, select the account you’d like to use funds from, enter your PIN, and that’s it.
  • To make in-store purchases using contactless card technology, simply verify the purchase amount on the eftpos terminal and hold your card within 2cm of the terminal. Wait for the terminal to beep and verify that the transaction has been completed. In some instances you may be asked to enter your card PIN.
  • In-store purchases can also now be made using your smartphone or wearable device digital wallet. Greater Bank Visa card holders are able to upload their card details and use Apple Pay or Google PayTM at eftpos terminals Australia-wide. To do this, simply verify the purchase amount on the eftpos terminal and hold your phone or smart-device within 2cm of the terminal and wait for the beep. This will signal that the transaction has been completed.

Google Pay Terms of Use.
Google, Google Pay, Android, Google Wallet, Google Play and the Google Play logo are trademarks of Google LLC.

Apple Pay Terms of Use.
Apple, the Apple logo, Apple Pay, Apple Wallet, Apple Watch, Face ID, iPad, iPhone, iTunes, Mac, MacBook Pro, Safari, and Touch ID are trademarks of Apple Inc., registered in the U.S. and other countries and regions. For a list of compatible Apple Pay devices, see support.apple.com/en-us/HT208531 

The easiest way to access your statement is through our app or online banking.

App

  • Go to Manage > Accounts > Statements

Online banking

  • Log on to online banking and click on ‘Manage’ on the left of screen if accessing online banking via a desktop/browser and navigating down to Accounts and select ‘Statements’. 

Next, select the required account and then select the year you are wanting the statement from.

Then, click ‘view’ on the right of screen next to the required statement to access a PDF version. You can now save or print this file for use.

You can also view Financial Year Interest information by selecting the required account from the home screen and then selecting ‘Details’.

Alternatively, you can call 13 13 86 and request a statement be mailed to you at any time (a fee may apply).

Looking for an interim statement? See how to access one here.

Greater access

Opening a Retirement Plus account gives you access to over 10,000 free ATMsΔ – including Greater Bank and Newcastle Permanent ATMs, as well as those of the major banks.

Find an ATM

More FAQs More FAQs

Can't quite find what you're after?

Got a question?

Maybe you’re not alone. Our FAQs answer some of the more common banking questions we get asked.

Frequently asked questions

Drop into a branch

Our friendly staff are happy to help with all your banking needs. Find a location near you across NSW and South East QLD.

Find a branch

Get in touch

Call us Monday to Friday 8:00am – 6:00pm and Saturdays 8:00am – 1:00pm AEST.

Call 13 13 86

Rates are effective as at 9am Wednesday 24/06/2026 and are subject to change without prior notice.

Account terms, conditions, fees and charges apply.

You must be aged 55 or over to open a Retirement Plus account.

Interest is calculated daily, paid monthly. Strata interest applies to this account. This means that different rates of interest apply to different parts of your account balance. Interest is paid into your account on the last day of each month.

ΔNo ATM fees apply when you use your Greater Bank Visa debit card at a Greater Bank, Newcastle Permanent, ANZ, CommBank, NAB or Westpac ATM to withdraw cash or check your balance within Australia.

ᴥVisa’s Zero Liability policy generally does not apply to ATM transactions or transactions not processed by Visa (other protections outside the Visa Zero Liability policy may apply, refer to the relevant Terms & Conditions). You must notify us promptly of any unauthorised transactions or card use. Please contact us on 13 13 86 for additional details.

Apple Pay Terms of Use.
Apple, the Apple logo, Apple Pay, Apple Wallet, Apple Watch, Face ID, iPad, iPhone, iTunes, Mac, MacBook Pro, Safari, and Touch ID are trademarks of Apple Inc., registered in the U.S. and other countries and regions. For a list of compatible Apple Pay devices, see support.apple.com/en-us/HT208531 

Google Pay Terms of Use.
Google, Google Pay, Android, Google Wallet, Google Play and the Google Play logo are trademarks of Google LLC.

PayID and PayTo are registered trademarks of NPP Australia Limited.

®Osko and BPAY are registered to BPAY Pty Ltd ABN 69 079 137 518.

Terms and conditions apply for the banking app and online banking.