A transaction account designed to make life easier for retirees and pensioners.
Three reasons to open an Easy Retirement Account
For retirees and pensioners
A transaction account with stepped interest rates
Debit Mastercard®
Access your money with a Debit Mastercard® and enjoy 24/7 fraud monitoring
Security
Peace of mind with Multi-factor authentication (MFA) and protecting your card against unauthorised transactions
Easy Retirement Account summary
- Minimum opening balance of just $1
- e-banking and phone banking anywhere, anytime
- Branch and ATM access Australia wide
- Access your money with a Debit Mastercard®*
- Go green and set up e-statements on your account
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Rates and fees
Monthly service fees
$0
Branch & ATM
$0 - unlimited Bendigo Bank ATM and branch withdrawals
Transactions
$0 - unlimited EFTPOS withdrawals and retail purchases within Australia
Transfers
$0 - unlimited e-banking transfers; BPAY®, Pay Anyone (including OSKO®) and phone banking transfers
Withdrawals
Only pay to withdraw via
- Bank@post
- Bank cheque
- EFT Transfer
- Periodic Payment set up in branch
Stepped Interest rate
For that part of your balance between
- $0 - $9,999.99 - 0.85%p.a.
- $10,000 - $49,999.99 - 1.70%p.a.
- $50,000 - $249,999.99 - 2.20%p.a.
- $250,000 and above - 2.50%p.a.
Interest calculated daily and paid monthly.
How to apply?
Identity
If you are a new customer, we will need to verify your identity via any two forms of IDs listed below.
- Drivers License
- Passport
- Medicare card
Eligibility
- You need to be an Australian citizen or resident
- Be aged 55 years or above
- Be retiree, self funded retiree, Recipient of Centrelink aged pension or Department of Veterans Affairs (DVA) administered pension
Joint or Business accounts
Not available as a joint account or for Business customers
Open an Easy Retirement Account
Apply in-branch
If you are a new or an existing customer, you can apply at your preferred branch.
Contact us
If you’d like more information you can contact us on 1300 236 344.
Enquiry form
If you’d like more information and would prefer we contact you, fill out our online enquiry form.
Travel Insurance
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Helpful tools
Discover our library of helpful tools to manage your finances, set goals, and achieve more.
Need help?
Online
Complete the online enquiry form to get contacted via your phone or email.
At a branch
Use our branch locator to search for a branch, agency or ATM near you.
Phone
If you have clicked on any suspicious links and entered your e-banking details:
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Things you should know
^ Roy Morgan Risk Monitor 2023. Customers of Bendigo and Adelaide Bank Limited.
Target Market Determinations for products are available.
Mastercard
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.