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Bank of Melbourne · Transaction accounts
Retirement Access Account
Bank of Melbourne's Retirement Access Account is a transaction account. The figures are the ones Bank of Melbourne publishes under the Consumer Data Right today. The advertised rate last moved on 9 October 2026, up from 2.65% to 2.90%.
Advertised rate
2.90%
headline tier
Tiers
4
current rate rows
Last moved
+0.25pp
9 October 2026
Advertised rate, last 30 days. Between 2.65% and 2.90% over the last 30 days.
Every current rate (4)
| Tier | Rate |
|---|---|
| Variable, up to $10,0000 to 10000 | 0.05% |
| Variable, $10,000 to $50,00010000 to 50000 | 1.95% |
| Variable, $50,000 to $250,00050000 to 250000.00 | 2.30% |
| Variable, $250,000 and over250000+ | 2.90% |
Rate moves, last 30 days
- 9 October 2026: 3 tiers lifted 0.25pp; the lowest, Variable, $10,000 to $50,000, from 1.70% to 1.95%.
Published fees
| Fee | Amount |
|---|---|
| Account Keeping Feerecurring | $0 |
| Overseas Withdrawal Feeper withdrawal: The fee is Nil ($0) for cash withdrawals from Global ATM Alliance and Westpac Group partner ATMs. | $5 |
| Foreign Currency Conversion Feeper transaction: Foreign currency conversion fee for transactions made in foreign currency, and the merchant or financial institution accepting the card is located outside Austr | see lender |
| Periodical Paymentper payment | $0 |
| Overdrawn Feewhen it happens | $15 |
| Cash withdrawals Feeper withdrawal | $0 |
| Frequent Statementwhen it happens | $0 |
Other Bank of Melbourne transaction accounts
Get an email the morning Bank of Melbourne moves this rate.
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