The Retirement Plus Deeming account is an account that rewards pensioners or retirees with higher interest than normal transaction accounts.
A Retirement Plus Deeming account lets you take advantage of higher interest rates based on the Federal Government's Income Test deeming rates. Interest is calculated on your daily balance and paid tri-annually.
To be eligible for Retirement Plus you will be a holder of a Seniors Card, a recipient of Family and Community Services Pensions or a self-funded retiree over the age of 55 years.
Account features:
- No account keeping fees
- Card convenience - choice of either a Community First Redicard or VISA Debit Card
- Optional overdraft facility*
- Optional personal cheque book
- Optional personal deposit book
- Earn interest on daily balances
- One simple statement for all your accounts
- BPAY facility to pay bills
- Ability to make regular deposits
- Receive free transactions based upon the combined total balances of your loans and deposits with Community First via our Member Allowance
- Free SMS and email alerts to notify you of specific transactions and balances on your account(s)
*Terms and conditions, fees and charges apply- details available on application. All loans subject to lending guidelines.