Regional Australia BankFreedom Retirement Account
Full range of access AND great interest rates for retirees and pensioners.
At a glance
- Base rate
- 0.75%
- Monthly fee
- $0
Rates
Every rate Regional Australia Bank publishes for this account, 4 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableInterest is per annum (p.a.). Rate applies to account balances up to $2,000. | - | - | $1–$2,000 | 0.75% | - | paid every 1 mo |
| VariableInterest is per annum (p.a.). Rate applies to portion $2,000 to $50,000 | - | - | $2,000–$50,000 | 1.15% | - | paid every 1 mo |
| VariableInterest is per annum (p.a.). Rate applies to balances greater than $250,000.00 | - | - | $250,000–$1,000,000 | 3.00% | - | paid every 1 mo |
| VariableInterest is per annum (p.a.). Rate applies to balances between $50,000.00 and $249,999.99 | - | - | $50,000–$250,000 | 2.40% | - | paid every 1 mo |
Rate changes
3 changes logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 2 Nov 2026 | Variable, $2,000–$50,000 | 1.05% | 1.15% | up 0.10 |
| 2 Nov 2026 | Variable, $250,000–$1,000,000 | 2.75% | 3.00% | up 0.25 |
| 2 Nov 2026 | Variable, $50,000–$250,000 | 2.30% | 2.40% | up 0.10 |
Each change is logged the night it appears in the rates Regional Australia Bank publishes. See how every lender answered the RBA on the rate tracker.
Fees
8 fees published, grouped by when they're charged.
While you hold it1
- Access Fee
The Access Fee is a flat monthly fee which entitles your membership to unlimited withdrawals via EFTPOS, ATMs, Internet, Phone and Mobile Banking.
No fee
When you make a transaction3
- Cheque Deposit Fee
Your first 10 cheque deposits to your membership each month are free, each subsequent deposit will be charged per cheque.
$0.50 - International Transaction Fee
This fee is charged by the card issuer for purchases in foreign currency, payments in Australian Dollars processed by a merchant or financial institution located outside Australia or for transactions…
3.00% of transaction - Over the Counter Withdraw
Applies per counter withdrawal or debit transfer once the monthly limit of 6 included withdrawals is exceeded.
No fee
If a payment is late or fails1
- Direct Debit Dishonour Fee
Applies where a direct debit request is rejected by us due to insufficient funds in your account.
$5
When particular things happen3
- Bank Cheque Fee
Applies for each bank cheque you order from us.
$11 - Direct Debits and Credits
Applies when you make a transaction through a direct debit or credit.
No fee - Over Limit Fee
Applies for each day that a Direct Debit or Cheque transaction is debited to a member which results in a deposit or overdraft account being drawn beyond its available balance or limit.
$3.50
Features
- Make deposits and withdrawals through a Bank@Post facility at Australia Post outlets. For full details refer to our Conditions of Use. Fees and charges apply.
- Combined balances of up to $250,000 per account holder are guaranteed and secured by the Australian Government.
Eligibility and limits
- Minimum age 55
- Residency: Australian Resident
- Available to individuals
- Minimum balance $1
- As a customer-owned bank, customers must also become a shareholder of Regional Australia Bank to be eligible to open an account.
Compare it with others
Put this product through a calculator
Published by Regional Australia Bank under the Consumer Data Right, last changed by them on 1 Nov 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.