Who can apply?
A Beyond Bank Retirement Account is available to individuals for non-business purposes who receive a superannuation pension, are a self-funded retiree, are an age pensioner, or receive the Mature Age Allowance.
Key benefits.
Retirement planning that goes beyond.
At Beyond Bank, it's important that you feel informed and supported when you're looking to retire. We can assist you to make the most of your retirement with a tailored plan that works for you. Let us help you to maximise any eligible payments, minimise your tax obligations, and build your superannuation funds.
Interest rates.
| Retirement Account | Rate p.a. |
| $0 - $4,999 | 1.25% p.a. |
| $5,000 - $48,599 | 1.45% p.a. |
| $48,600-plus | 1.90% p.a. |
Interest is calculated daily on portions of the balance within each tier. Interest is paid on the last day of each month.
Fees and charges.
Fees that don't apply
| Direct Credits | Free |
| Over the counter cash and/or cheque deposits | Free |
| Visa Purchases | Free |
| ATM Withdrawals^ | Free |
| BPAY performed using Internet, Mobile or Telephone Banking | Free |
| Transfers between accounts with us using Internet Banking or the Account Information Line and addressed by BSB and account number | Free |
| Transfers using Mobile Banking | Free |
| PayTo payments using Mobile Banking | Free |
^Withdrawals and enquiries at Australian and overseas ATMs may incur an ATM operator fee charged by the ATM operator.
Fees that apply which are included in Monthly Fee Allowance
| Transaction | Fee each |
| Direct Debits | $0.50 |
| Eftpos purchases (with or without cashout) | $0.90 |
| Visa purchase with cashout | $0.90 |
| Transfers between accounts with us using Internet Banking or Account Information Line and addressed by a PayID | $1.00 |
| Transfers to an account at another financial institution using Internet Banking | $1.00 |
| Electronic external periodic or bill payments | $1.50 |
| Staff-assisted transfers & BPAY payments~ | $2.50 |
| PayTo payments using Internet Banking | $1.00 |
~Customers over the age of 70 years and transfers to Beyond Bank term deposits are exempt.
The following transaction fees also apply and are not included in any Monthly Fee Allowance
| Transaction | Fee each |
| Declined ATM, eftpos or Visa Debit transactions:¹ one free per relationship per month then: | $0.40 |
| Visa Debit card overseas ATM withdrawals | $4.50 |
| International Transaction Fee² | 3.0% of the value of the transaction |
| Bank@Post deposits | $2.00 |
| Bank@Post withdrawals | $4.50 |
View our Fees and Charges Guide for the full details of other transaction and service fees that may apply.
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Still have questions?
Please read this important information.
| Interest rates are current as at 9 October 2024 and are subject to change. | |
| 1 | A declined transaction occurs in the following circumstances: (customers over the age of 70 years are exempt) |
| 2 | This fee is payable when you use your Visa Credit Card, Visa Debit Card or Visa Prepaid Card to make a transaction: |
| This information is of a general nature only and does not take into consideration your objectives, financial situation or needs. The information must not be relied upon as financial product advice. Before acquiring any product you should read the relevant guides, Product Disclosure Document, and consider whether a product is suitable for your circumstances to decide if a product is right for you. | |
| Terms, conditions, lending criteria, fees and charges apply. For full details please review our Financial Services Guide, Product Guide, Fees and Charges Guide and Target Market Determinations. These are available on our website at beyondbank.com.au/about-us/corporate-governance/disclosures, by calling us on 13 25 85 to request a copy or by visiting a branch. They will also be provided at the time of acquiring any product. | |
| All products and services are provided by Beyond Bank Australia Ltd ABN 15 087 651 143 AFSL/Australian Credit Licence 237856. © 2024. |