Beyond Bank Australia Retirement Account
No conditions on the rate
The Retirement Account enables retirees to earn a little, whilst still using this as an everyday bank account.
- Base rate up to
- 2.25%
- Introductory rate
- None
- Maximum balance
- None published
Rate a year, up to
Rates by balance
| Balance | Base rate |
|---|---|
| $0 to $5,000 | 1.60% |
| $5,000 to $48,600 | 1.80% |
| $48,600 and over | 2.25% |
Who can open it
- Age to open
- Any
- Maximum balance
- None published
Who it's for
- Membership: You must be or become a Beyond Bank Australia member.
- Only available to self-funded retirees or those in receipt of a Superannuation or Aged Pension or the Mature Aged Allowance.
How it compares
Against the other savings accounts we compare. Typical means the middle half of them.
Most it pays
2.25%
At its best balance, with any bonus. Typical is 3.65%.
Base rate
2.25%
What it pays without a bonus. Typical is 2.40%.
Pros and cons
Pros
- No conditions. You earn the same rate every month, with no deposits to make or withdrawals to avoid.
Cons
- A lower rate. Up to 2.25%, below the typical 3.65%, so your savings grow more slowly than in many other accounts.
Similar savings accounts
Savings accounts from other banks that pay a similar rate at their best.
- Most it pays
- 2.25%
- Bonus conditions
- None
- Most it pays
- 2.25%
- Bonus conditions
- None
- Most it pays
- 2.25%
- Bonus conditions
- None
