Internet Banking

Day to day banking

Everyday Retirement Account

We know you’ll make the most of your retirement, so we designed our Everyday Retirement Account to make the most of your money. It’s available to anyone aged 55 and over, who wants easy personal banking – plus the ability to earn a rewarding rate of interest.

  • No monthly service fee
  • Earn up to 2.00% p.a. on the portion of the balance greater than $46,600
  • Available to anyone aged 55 and over, or a Pensioner Concession Card holder
  • EFTPOS and access to Bendigo and Suncorp ATM networks
  • Rural Bank Visa Debit Card to access your funds through ATMs, EFTPOS or online shopping
  • Transact as Australia Post retail outlets displaying the Bank@Post™ symbol
  • Optional personal chequebook
  • Access to Rural Bank's Internet and Phone Banking service 24 hours a day, 7 days a week
  • 6 monthly, quarterly or monthly statements

How do I apply / find out more?

Related documents

Frequently asked questions

Everyday Retirement Account interest rates

Everyday Retirement Account

$0 to $1,999


$2,000 to $46,599


$46,600 +


Interest rates quoted on a per annum basis and subject to change without notice. Interest on Everyday Retirement Accounts is variable, calculated daily on a stepped basis which means you will earn interest for the portion of your account balance that falls within each range, at the interest rate applicable to that range and credited on the first day of the following month. Minimum opening balance is $1.

Overdrawn interest rate

Overdrawn interest rate

All overdrawn balances


Applies to any unauthorised overdrawn balance on Everyday, Gold Cash Management, Money For Living, Interest Earning at Call, Seasonal (with no credit facility) and Seasonal Plus accounts. Quoted interest rate is on a per annum basis, variable and subject to change without notice. Interest is calculated daily on the closing balance and charged monthly.

Financial Claims Scheme

Deposits with Rural Bank are covered by the Financial Claims Scheme.

The following has been provided to inform you on the Financial Claims Scheme.

1. What is the Financial Claims Scheme?

The Financial Claims Scheme (FCS) is an Australian Government scheme that provides protection and quick access to deposits in banks, building societies and credit unions in the unlikely event that one of these financial institutions fails. Under the FCS, certain deposits are protected up to a limit of $250,000 for each account holder at any bank, building society, credit union or other authorised deposit-taking institution (ADI) that is incorporated in Australia and authorised by the Australian Prudential Regulation Authority (APRA).

The FCS can only come into effect if it is activated by the Australian Government when an institution fails. Once activated, the FCS will be administered by the Australian Prudential Regulation Authority (APRA). In an FCS scenario, APRA would aim to pay the majority of customers their protected deposits under the Scheme within seven calendar days.

2. How is the FCS limit applied?

The FCS limit of $250,000 applies to the sum of an account holder's deposits under the one banking license. Therefore, all deposits held by an account holder with a single banking institution must be added together towards the $250,000 FCS limit, and this includes accounts with any other banking businesses that the licenced banking institution may operate under a different trading name.

Rural Bank Limited also distributes the Farm Management Deposit product through the Rural Finance brand and this is also covered by the FCS. Both Rural Bank Limited and Rural Finance Farm Management Deposits will be considered under the $250,000 limit when in the same name.

3. Where can I get further information on the FCS?

Further information on the FCS is available on the FCS website -

Fees and charges

For all Rural Bank fees and charges, download the Schedule of fees and charges document.

Interest rates quoted are subject to change without notice. This information has been prepared without taking into account your personal circumstances, objectives, financial situation or needs. Terms, conditions, fees and charges may apply. Full details are available on application, by phoning our Customer Service Centre on 1300 660 115, online or by visiting your local branch. All information is subject to change. Products are issued by Rural Bank Limited.