The Mutual Bank Retirement Account
A transaction account that earns interest for members over 55's or in receipt of a pension.
- Overseas spending fee
- 1%
- Overseas ATM fee
- Not published
- Digital wallets
- Apple, Google
Monthly fee
Not published
Features
- Debit card
- Yes
- Apple, Google or Samsung Pay
- Apple Pay, Google Pay
- PayID
- Yes
- Overdraft available
- Not listed
Who can open it
- Age to open
- 55 and over
How it compares
Against the other everyday accounts we compare. Typical means the middle half of them.
Overseas spending fee
1%
Of what you spend in another currency. Typical is 3%.
Pros and cons
Pros
- Pays interest. 3.75% on your balance, which most everyday accounts don't.
- PayID. People can pay you with your phone number or email instead of a BSB and account number.
- Phone payments. Works with Apple Pay and Google Pay, so you can pay with your phone or watch.
Cons
Nothing stands out.
Similar accounts
Everyday accounts from other banks with similar fees.
- Monthly fee
- $14
- Overseas spending fee
- 3.5%
- Monthly fee
- $10
- Overseas spending fee
- None
- Monthly fee
- $10
- Overseas spending fee
- 3.5%
