Senior Savers Account

The Senior Savers account provides access facilities including direct credit of your Centrelink payments and other income, ATM/EFTPOS access through a Redicard, the convenience of Internet and Phone Banking, BPAY and Direct Debits payments. Interest is paid quarterly.

Eligible pensions include:

  • Aged pension
  • Widow’s pension
  • Veteran’s pension
  • Disability support pension
  • Carer’s Pension

Earn up to 0.50% p.a.

View other rates here


Product Features:

Savings Accounts Features
Minimum Rate : 0.05% pa
Maximum Rate : 0.50% pa
Annual Fee : $0
Monthly Fee : $0
Funds Available : At Call
Minimum Amount : $1
Auto Sweep Facility : Yes
Overdraft : No
Personal Cheque Facility : No
Branch Access : Yes
ATM/EFTPOS Access : Yes
BPAY : Yes
Direct Entry (Credit/Debit) : Yes
Interest Calculation : Calculated daily, paid quarterly
  • Funds are available at call;
  • You can split up your pay into different accounts to allow weekly/monthly regular payments to be paid;
  • The redicard enables you to access all ATM and EFTPOS terminals throughout Australia.
  • Pay instantly for purchases under $100 by waiving your payWave redicard over a secure contactless terminal;
  • Internet banking, our mobile banking app and telephone banking are available 24 hrs a day 7 days a week.
  • Eligibility for a Senior Savers Account is restricted to members who are 55 years+, holders of a Seniors Card or recipients of an eligible pension: Aged, Disability, Veteran, Widows, Carers or a member that has a Seniors Card;
  • Access to this account is by a passbook or redicard;
  • Funds may be accessed over the counter, via the Internet, our mobile banking app, telephone, EFTPOS, or ATM.
  • You must be a registered internet banking user. Internet banking is not available where two or more parties must sign to transact on the account
  • Electronic Funds Transfer: External transfers can be made over the counter, by internet, our mobile banking app or telephone banking.
  • Internal transfers can be made over the counter, by internet, our mobile banking app or telephone banking.
  • BPAY: Is available by internet, our mobile banking app and telephone banking.
  • Direct Debits: You can have many of your payments debited directly from your account.
  • Direct Credits/Periodic Payments: Funds may be electronically transferred on a regular basis.

Interest rates (where applicable) are variable so contact any branches of Geelong Bank, telephone 1300 361 555 or visit our website

Help me to budget

I'd like to know more about