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A transaction account exclusively for those aged 55 and over. Enjoy reduced fees and simple banking by combining a transaction and savings account in one.
No monthly maintenance fee
And no minimum monthly deposit needed.
Save on withdrawal fees
No withdrawal fees for online, EFTPOS, counter, cheque or Bankwest and CommBank ATM withdrawals in Australia. 1 Fees and charges including other bank ATM fees, overseas ATM access fees, foreign transaction fees, and honour and dishonour fees, may apply.
An everyday transaction account that lets you earn interest on the balance. 2 Interest is calculated daily, credited monthly and applied to the relevant portion of your balance that falls within each tier.
Bankwest Halo payment ring
For an even easier way to pay, order a Bankwest Halo payment ring.
Interest is calculated daily, credited monthly and applied to the relevant portion of your balance that 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.
Variable interest rate on balances from $0 up to $2,000
Variable interest rate on balances from $2,000 up to $48,000
Variable interest rate on balances of $48,000 or more
|Monthly maintenance fee||$0|
|Electronic withdrawal fee||$0|
|Cheque withdrawal fee||$0|
|Counter withdrawal fee||$0|
|Overseas ATM access fee||$5 per transaction 3|
|Foreign transaction fee ? For each transaction occurring outside Australia in foreign currency or Australian dollars. Overseas purchases made online may incur foreign transaction fees.||
2.95% of the transaction amount
Paper statement fee
Avoid this fee with eStatements.
||$1.25 per statement|
Customers with this account will receive eStatements via Bankwest Online Banking and the Bankwest mobile app. Customers who opt to receive a paper statement, however, may be charged the above fee. Exemptions apply.
Rates are subject to change. Other fees and charges may apply. For more detailed information, see the Retirement Advantage Account Product Schedule and Your Guide to Banking Fees.
View our transaction account terms and conditions
Transaction account terms and conditions:
The relevant Product Schedule together with all of the related documents form the complete Product Disclosure Statement for this product.
Retirement Advantage Account Product Schedule (PDF)
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Things you should know
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