Deposits | Deeming Account

A savings account for 55’s and over with no monthly account keeping fee. This account assists members to comply with Government deeming provisions in regard to pensions.

Purpose	For everyday banking
Interest Rate	Tiered
Suitable for	For those members who are aged 55 and over
Benefits	Lower fees
	Interest earned at the Government deemed rate which is often higher than standard savings rates
	Funds available at call 24/7
	Pay bills efficiently and securely
	Check balances 24/7
	Have pension credited to account
	As part of our Privilege Plus club members enjoy many benefits, such as their own newsletters, discounts on movie tickets and a variety of selected outlets.

Features No Monthly Account Keeping Fee Deemed interest rate Higher interest on Term Deposits Fortnightly interest payment option on Term Deposits Cheque Book Overdraft Automatically qualify for Visa Debit Card SMS Banking BPAY® Pay Anyone Direct Credits and Debits PPC Newsletters Social Events Lifestyle and Financial seminars Discounts

Access to funds Visa Debit Card Redicard EFTPOS Cheque Book Phone and Internet banking Branches Overdraft

Eligibility:

Must be 55 or over and a member of the Privilege Plus Club.

Special conditions:

Only one Deeming account per membership
Higher Rates on Term Deposits does not apply to Negotiated rates

Fees:

Deeming accounts are an account keeping fee free account, however an annual management fee is charged each March (or pro-rata)
Note: On joint accounts only one annual fee is charged

Refer to Fees, Charges and Transaction Limits schedule for current details.

® Registered to BPay Pty. Ltd. ABN: 69 079 137 518