Finty
Credit Union SA

Credit Union SA 55+ Account

No conditions on the rate

Our 55+ Account is a transaction account available to all members aged 55 and over. It offers you the ability to earn higher returns without having to lock funds away and has no monthly account keeping fees. Whether you’re working, receiving a pension or retired, that combination is hard to beat. You can request a free Visa Debit Card with payWave which you can load into Google Pay, Apple Pay, Samsung Pay and Garmin Pay. Now you can pay for purchases using your smart device, wherever mobile payment systems are offered. Get unbeatable security through measures such as the Visa Zero Liability policy (which protects against unauthorised transactions) and our own 24/7 fraud monitoring service. You’ll also be able to temporarily lock your card (if you misplace it), plus block payWave, international and online transactions whenever you need to – using the Mobile Banking App or Internet Banking. Online banking with this account is available 24/7 with Internet Banking and our Mobile Banking App. Internet banking will provide you with eStatements as well as the means to securely message each other, reducing paper and postage costs.

Written byDavid Boyd
Base rate up to
2.40%
Introductory rate
None
Maximum balance
None published

Rate a year, up to

Open account

Rates by balance

BalanceBase rate
$0 to $50,0001.10%
$50,000 to $250,0002.05%
$250,000 and over2.40%

Who can open it

Age to open
55 and over
Maximum balance
None published

How it compares

Against the other savings accounts we compare. Typical means the middle half of them.

Most it pays

2.40%

At its best balance, with any bonus. Typical is 3.65%.

Base rate

2.40%

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 2.40%, 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.