Retirement Advantage Account

Access your money, your way, with no monthly account fees!

Retirement Advantage Transaction Account


Balance from... Interest rate
$0 up to $2,000
0.25 % p.a.
$2,000 up to $48,000
1.00 % p.a.
$48,000 or more
2.00 % p.a.

The above rates are variable and are calculated daily and paid on the first business day of the following month.

Interest is calculated at the applicable rate on the portion of the balance which falls within each tier.

For example if you have a balance of $50,000 in your account

  • The first $1999.99 will earn the first tier of interest, currently 0.25% p.a.
  • The next $46,000, will earn the second tier of interest, currently 1.00% p.a.
  • The next $2,000 will earn the third tier of interest, currently 2.00% p.a.


Description Fee
Monthly account maintenance fee $0
Electronic, cheque or over the counter withdrawal* $0
 Foreign exchange fee 2.95% of the transaction amount
 Overseas ATM access fee $5.00 per transaction
Paper Statement Fee – effective 13 February 2017 $1.25 per statement (avoid this fee with eStatements)

Other Service Fees

There are also costs for things you might ask us to do occasionally that are outside your account’s normal terms and conditions. We charge a service fee for some of these items - so it’s on a user pays basis.

Other fees which may be incurred are listed in the Retirement Advantage Account Product Schedule and the Your Guide to Banking Fees (PDF) brochure.

existing online banking customers only

* Other fees and charges, including Direct Charges levied by other Bank ATM’s, overseas ATM access, Foreign Transaction, Honour and Dishonour Fees, may apply.

Android Pay™ with Bankwest

Download the Android Pay App to start paying with your Android device

Download the Android Pay App to start paying with your Android device.

Existing online banking customer?

Bankwest SWIFT code: BKWAAU6P | Find your BSB by logging into Online Banking.

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