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Easy Retirement Account 

A transaction account designed to make life easier for retirees and pensioners.

Key features for our Easy Retirement Account

01
Convenience 

  • Minimum opening balance of just $1
  • e-banking & phone banking
  • e-statements
  • Branch and ATM access Australia wide
02
Interest & fees

  • Stepped interest rate 
  • Interest calculated daily and credited monthly
03
Eligibility

  • Retiree over 55 years of age self-funded retiree or a recipient Centrelink aged pension or Department of Veterans Affairs (DVA) administered pension.

Fees

No monthly service fee if you:

Deposit $2,000 each month OR

  • Hold an eligible Bendigo Bank CGU insurance policy* OR
  • Hold a Sandhurst Trustees Managed Fund OR
  • Have a home loan with us

Otherwise $3 per month

Interest rates

  • For that part of your balance between $0 - $9,999.99
    0.20%p.a.
  • For that part of your balance between $10,000 - $49,999.99
    0.50%p.a.
  • For that part of your balance between $50,000 - $249,999.99
    1.00%p.a.
  • For that part of your balance $250,000 and above
    1.20%p.a.

How to apply for an account

1

Must be an Australian citizen or resident

2

Have your driver's licence or passport available

3

5 minutes of your time to open online

4

Already a customer?

Have your e-banking logon details handy

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*Eligible Bendigo Bank insurance policies are Home, Contents, Motor Vehicle, Landlords, Boat and Caravan Insurance underwritten by Insurance Australia Limited ABN 11 000 016 722 AFSL 227681 trading as CGU Insurance.

#If you hold one of the above relationships the fee will be waived each month provided the home loan, insurance policy or managed fund is in use at least 2 days prior to the date the fee is charged.

Mastercard and Priceless are registered trademarks and the circles design and Tap & Go are trademarks of Mastercard International Incorporated.

BPAY and OSKO® are registered trademarks of BPAY Pty Ltd ABN 69 079 137 518.

This information does not take your personal objectives, financial situations or needs into account. You should consider its appropriateness to your circumstances before acting on this information. Please read the disclosure documents for your selected product or service, including the Terms and Conditions, before deciding. Please also review our Financial Services Guide (FSG) before accessing information on this website. Information on this page can change without notice to you.

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Bendigo and Adelaide Bank Limited, ABN 11 068 049 178 AFSL / Australian Credit Licence 237879. Any advice provided on this website is of a general nature only and does not take into account your personal needs, objectives and financial circumstances. You should consider whether it is appropriate for your situation. Please read the applicable Disclosure Documents before acquiring any product described on this website. Please also review our Financial Services Guide (FSG) before accessing information on this website. Information on this page can change without notice to you.

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