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Retirement Plus Account - Greater Bank

Retirement Plus Account

Interest rates 0.25 % p.a.
$50,000 - $99,999.99 Calculated daily, paid monthly

As you approach retirement, your banking needs change. Our Retirement Plus Account strikes the right balance between an everyday and savings account. It rewards you with a higher interest rate, with easy access to your funds.

Why choose our Retirement Plus Account?

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.
No monthly account-keeping fees.^
Manage your money 24/7 – access your money whenever you need to, wherever you are via Online Banking or our Mobile App.
Access to over 10,000 free ATMs – including Greater Bank ATMs as well as those of the major banks.
Osko® and PayID™ – set up your PayID to send and receive payments in seconds thanks to Osko by BPAY.
Pay your way – set up your Digital Wallet to make purchases using Apple Pay and Google Pay™.
Access to the VISA Network – your account comes with a Visa Debit Card. Compatible with Visa PayWave and the advantage of VISA’s 24/7 fraud monitoring.
Rates are effective as at 9am Tuesday 03/08/2021

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. 0.05% p.a. 0.25% p.a. 0.45% p.a.

Fees

Monthly account keeping fee $0
Over the counter withdrawal $2.50
Foreign currency conversion fee 3.00%

The above are a selection of our fees only. Additional Fees and Charges may apply. For further information please view the Retirement Plus Product Schedule below.

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.

Bank greater with help from our calculators

Savings and Deposit Calculator

Budget Planner

Got a question about our Retirement Plus Account?

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

Mobile 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
  • Simply Logon to Online Banking.
  • Click Card Maintenance and select your account from the menu.
  • Complete the security and verification procedures.
Phone

Call The Greater Bank Phone Banking Service on 1300 363 536 and follow the prompts.

Branch

Drop into your nearest branch.

Most Visa cards are now capable of using payWave. This is because they have been embedded with microchip technology that allow users to pay for goods and services by just holding the microchip on their card to the merchant terminal.

Pending transaction means the transfer of funds is still being processed.

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 remember your card details constantly. Find out more about Click to Pay with Visa here.

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 fee-free. 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 Google Pay 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.

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

^ Other fees and charges may apply. Refer to the relevant Product Schedule for further information.

We calculate interest by applying the daily percentage rate to the different portions of your daily balance as set out in the above tiers. We pay interest monthly. These rates are current as at the Effective Date and are subject to change by Greater Bank without further notice. Conditions apply. Please read the Retirement Plus Account Product Schedule and the Banking General Terms and Conditions for more information.

Android and Google Pay are trademarks of Google LLC. Read the Google Pay Terms and Conditions.

PayID is a trademark of NPP Australia Limited. ® Registered to BPAY Pty Ltd ABN 69 079 137 518. You should review the terms and conditions and consider whether the Osko and Pay ID service is appropriate for your personal circumstances.