Regional Australia Bank Freedom Retirement Account
No conditions on the rate
Full range of access AND great interest rates for retirees and pensioners.
- Base rate up to
- 2.75%
- Introductory rate
- None
- Maximum balance
- None published
Rate a year, up to
Rates by balance
| Balance | Base rate |
|---|---|
| $0 to $2,000 | 0.75% |
| $2,000 to $50,000 | 1.05% |
| $50,000 to $250,000 | 2.30% |
| $250,000 to $1,000,000 | 2.75% |
Who can open it
- Age to open
- 55 and over
- Maximum balance
- None published
Who it's for
- As a customer-owned bank, customers must also become a shareholder of Regional Australia Bank to be eligible to open an account.
- Account holders must be retired and at least 55 years old, or receiving an eligible pension.
How it compares
Against the other savings accounts we compare. Typical means the middle half of them.
Most it pays
2.75%
At its best balance, with any bonus. Typical is 3.65%.
Base rate
2.75%
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
Nothing stands out.
Similar savings accounts
Savings accounts from other banks that pay a similar rate at their best.
- Most it pays
- 2.75%
- Bonus conditions
- None
- Most it pays
- 2.75%
- Bonus conditions
- None
- Most it pays
- 2.75%
- Bonus conditions
- None
