Great Southern Bank Everyday 50+ Account

savings accountage limitedstaleterms checked

Everyday 50+ Account is a savings account from Great Southern Bank. At $50,000 it pays 1.49% p.a. with no bonus conditions.

Rate tiers

Every balance band in the bank's feed: base is the rate the bank pays.

The rates are stepped: each band's rate is paid on the part of the balance that falls in it, so a balance across several bands earns a blend of them.

The feed states a minimum balance of $1.

Conditions

• not updated by the bank since 2026-10-26, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed
• open only to people aged 50 or over, with no pension or allowance requirement

Features

card

Visa Debit Card

app

yes

Osko

yes

PayID

yes

notifications

yes

transactions

unlimited

wallets

Apple Pay, Google Pay, Samsung Pay

Other features, in the bank's words:

• Account Nicknames - Add a personal touch to your personal accounts
• Mobile Banking App. For banking on the go, anywhere anytime from the convenience of your phone.
• The Boost. If you're looking for a way to achieve your savings goals faster, we've got a clever solution. We call it The Boost, and it'll help you save money as you're spending it!

Fees, limits and who can open it

monthly fee

$0

other fees named

Replacement Visa Debit Card, Foreign currency deposit (draft and cheque), Excess coin fee, Other fees, Great Southern Bank Branch Deposits, BPAY, Debt Collection Fee, eftpos purchases and cash out, Great Southern Bank Branch, Cheque, Bank@Post, Staff assisted transfer, Bank@Post Deposit, eftpos Debit Card International, Visa Debit International, Payments using Online Banking, Telegraphic Transfer inward (no amount in the feed)

minimum balance

$1

interest paid

monthly

interest calculated

daily

age

ages 50 and over

open to

personal customers

age limited

open only to people of certain ages (kids, youth or seniors accounts)

Who can open it, in the bank's own words:

• age 50 and over: To be 50 or over
• residency: You must be an Australian citizen or Australian resident to hold an account with Great Southern Bank

About this account

For those aged 50+

Data

• Great Southern Bank's own page for this account.
• The bank's documents its product record links to: terms and conditions, fees.
• Our verbatim snapshot of the bank's product record (source), as fetched on 26 October 2026.
• We read the bank's own page and terms against this page on 1 November 2026: everyday-50-account, interest-rates, great-southern-bank-terms-and-conditions.pdf; conditions they state and its feed does not are listed above.
• /au/finance/savings-accounts/v1/brands/great-southern-bank.json: this bank's accounts and every balance band as JSON; Great Southern Bank's page lists them.
• The bank last updated this record on 26 October 2026. Rates are per annum as the bank states them; "stale" means the bank has not updated the record for over 60 days or since the latest cash rate change.

Other accounts at Great Southern Bank

• Everyday Saverstale savings account, 5.05% base at $50,000
• Future Saverstale savings account, 5.10% conditional at $50,000
• Goal Saverstale savings account, 5.60% conditional at $50,000
• Home Saverstale savings account, 5.50% conditional at $50,000
• Youth eSaverstale savings account, 1.47% base at $50,000
• Everyday Accountstale transaction account, 0.00% base at $50,000
• Everyday Business Accountstale transaction account, 0.00% base at $50,000
• Everyday Edge Accountstale transaction account, 0.00% base at $50,000
• Everyday Youth Accountstale transaction account, 0.00% base at $50,000

All of Great Southern Bank's accounts on its page, with its best rates per segment and rate kind, and every account at every bank.