55+ and Retired

An everyday account for retirees 55 or over that gives access to your money with a Debit Mastercard®¹ and interest on your balance, just like a savings account.
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Earn interest on your account balance with no monthly fees

Make payments your way

Use your Debit Card for fast, secure payments online and in-store, with a dynamic CVC that refreshes every 24 hours.

Lock your card

Can’t find your card? Don’t panic. You can temporarily lock it in seconds with card on hold while you search#.

Cardless cash

Don't have your card? Withdraw cash using your phone from any Westpac, St.George, Bank of Melbourne or BankSA ATM2.

Mobile banking

With the Westpac App, you can take your bank wherever you go. It’s an easy, secure and convenient way to bank.

Interest rates

Earn up to:

2.30% p.a.

Maximum variable interest rate

0.30% p.a.

Minimum variable interest rate

Variable interest rate is calculated daily on your account balance:

On the part of the balance up to $9,999 0.30% p.a.
On the part of the balance above $9,999 to $49,999 1.50% p.a.
On the part of the balance above $49,999 to $249,999 1.85% p.a.
On the part of the balance above $249,999 and over 2.30% p.a.

Safe and secure banking

Safe Online Banking Guarantee

If your Westpac account is compromised as a result of Internet fraud, we guarantee to repay any missing funds, providing you comply with our Online Banking Terms and Conditions.^

Fraud Money Back Guarantee

Shop securely using your Debit Mastercard with 24/7 fraud monitoring and our Fraud Money Back Guarantee+. Can’t find your card? Temporarily lock it in seconds while you search#.

Westpac Protect™ Security Code

Increase your Online Banking security by using your Security Code to confirm certain transactions via the Westpac App or SMS.

Get the Westpac App for even easier banking


View and transfer funds fast

Quick Balance lets you view the balance of three main accounts and quickly transfer money without signing in.

Get spend and cash flow insights

Track your month-to-month Cash flow and spot areas where you could be making savings with your spend sorted in Categories.
 

Explore our in-app’s budgeting tools

Account fees

Standard fees (fees may change) Amount
Account-Keeping Fee $0


Other fees and charges may apply. Please refer to the Terms and Conditions (PDF 625KB)

Help when you need it

More options

Rates, tools and calculators

Handy guides and articles

Find a branch

Visit your local branch

Give us a call

1300 558 724

8am – 8pm Sydney time

Westpac 55+ and Retired

Open in less than 3 minutes

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Things you should know
Deposit Accounts for Personal customers Terms and Conditions (PDF 625KB) 
Westpac Debit Mastercard® Terms and Conditions (PDF 201KB)
Online Banking Terms and Conditions (PDF 547KB) 
Find out what information you need to provide to become a customer (PDF 657KB) 

Before making a decision about any of our products or services, please read all the terms and conditions and consider whether the product or service is right for you. Fees and charges apply and may change.

 

1.   Debit Mastercard®: Westpac Choice Youth account, the eligible card age is 8. For any other transaction account, the eligible card age is 14. You must have an Australian residential address.
2.  Cardless cash: available on eligible Westpac everyday accounts with a linked debit card for customers 18 years and over. Limit of 3 withdrawal transactions per day applies, subject to $500 daily withdrawal limit and $1,000 weekly withdrawal limit. Only available at Westpac Group ATMs or select Westpac Group partner ATMs in Australia. To access Cardless Cash on your mobile you must be registered to use Online Banking and download the Westpac App. You'll also need the Westpac App (version 6.1 or above) installed on your iPhone. You must be 18 years or older to use Cardless Cash.

^ Safe Online Banking guarantee: ensures that customers will be reimbursed for any unauthorised transactions provided that the customer has not contributed to the loss and contacted Westpac promptly. Refer to the Westpac Online Banking Terms and Conditions (PDF 547KB) for full details, including when a customer will be liable.

+ Westpac Fraud Money Back Guarantee: ensures that customers will be reimbursed for any unauthorised transactions, provided that the customer has not contributed to the loss and contacted Westpac promptly. Refer to the Westpac Debit Mastercard Terms and Conditions for full details, including when a customer will be liable.
# Card on hold: Available on personal credit and Mastercard® debit cards only. Cards to which a temporary lock can be applied will be listed when you sign in to Mobile Banking or Online Banking and visit Lock a card temporarily under Cards services. 

 

Mastercard® is a registered trademark of Mastercard International Incorporated.