Freedom Retirement

Full range of access AND great interest rates for retirees and pensioners.

Portion over $48,600
2.50%p.a1

Features & Benefits

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Your choice of access methods
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Competitive interest rates
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Unlimited electronic transactions
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Low fees

The Freedom Retirement account allows members who receive a pension or who are over 55 years of age and no longer working full time to have their cake- and eat it too! In addition to the full range of access methods you expect from an everyday transaction account, you also get a great return on your funds, through very competitive interest rates that aren’t limited by deposit or withdrawal conditions.

 

Importantly, the Freedom Retirement account’s great value also extends to low fees. You get up to 6 branch withdrawals and unlimited electronic transactions (via cards, online and phone banking) all for a low $5 monthly Access Fee. Further, your Access Fee is waived if you don’t withdraw and/or maintain a monthly membership balance of over $5,000.

 

Whichever way you look at it, the Freedom Retirement account can help you in realising your lifestyle goals!

Product Details

Community Partnership Program
No
Visa Debit Card (ATM and Eftpos)
Yes2
Access Card (ATM and Eftpos)
Yes
Internet and Mobile Banking
Yes
Phone Banking
Yes
Direct Debits and Credits
Yes
Cheques
Yes
Branch and Service Support Centre
Yes
Overdraft Available
No
Access Fee
$5.00
Internet, Mobile and Phone Banking Transactions
Free
ATM Withdrawals or Enquiries
Free3
Eftpos or Visa Transaction
Free
Direct Debits and Credits
Free
Over the Counter Withdrawal
6 Free withdrawals per month
Additional withdrawals $2.00
(Exempt when membership balance is over $5,000)
Staff Assisted External Transfer
$2.25
Over Limit Fee
$12.50
Direct Debit Dishonour
$12.50
Bank Cheque Fee
$11.00
Cheque Deposit
$0.50
Portion less than $2,000
0.25%p.a
Portion between $2,000 and $48,600
1.00%p.a
Portion over $48,600
2.50%p.a1

Disclaimer

Interest rates are on a per annum basis and are current as at 08/08/16 and are subject to change.

 

To be eligible for a Visa Debit Card, you must have an Australian Residential Address and be over the age of 14 years.

 

No withdrawal fees at Regional Australia Bank ATMs and ATMs that are a part of the Westpac Network within Australia. Transactions at other financial institutions’ ATMs may incur a fee.

 

Terms, conditions, fees and charges apply. See Fees & Charges for full details.
Please refer to the 
Conditions of Use when considering if this product is right for you.
Community Mutual Ltd is the issuer of the product.