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Westpac · Transaction accounts
Westpac 55+ and Retired
Westpac 55+ and Retired is a transaction account. The figures are the ones Westpac 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 $9,9990 to 9999 | 0.05% |
| Variable, $10,000 to $49,999Above 9999 to 49999 | 1.95% |
| Variable, $50,000 to $249,999Above 49999 to 249999 | 2.30% |
| Variable, $250,000 and over249999 + | 2.90% |
Rate moves, last 30 days
- 9 October 2026: 3 tiers lifted 0.25pp; the lowest, Variable, $10,000 to $49,999, from 1.70% to 1.95%.
Published fees
| Fee | Amount |
|---|---|
| Account Keeping Feerecurring | $0 |
| Online Bankingwhen it happens | $0 |
| Westpac Group Branded ATM - Withdrawalper withdrawal: Any withdrawal made at a Westpac/St.George/Bank of Melbourne/BankSA branded ATM | $0 |
| Westpac Group Branded ATM - Balance Inquirywhen it happens: Any balance Inquiry made at a Westpac/St.George/Bank of Melbourne/BankSA branded ATM | $0 |
| Point of Sale (POS) transactionsper purchase: All transactions conducted at a POS terminal. | $0 |
| Telephone Banking (automated)per withdrawal: Automated Telephone Banking transfer withdrawals | $0 |
| Telephone Banking (staff assisted)per withdrawal: A Telephone Banking transfer withdrawal assisted by a staff member over the telephone | $0 |
| Cheque Withdrawalsper withdrawal: Withdrawals or payments made by cheque. | $0 |
| Direct Debitper payment: A transfer of funds from your account drawn under a Direct Debit request you gave another person or company. | $0 |
| PayTo paymentper payment: A transfer of funds from your account in accordance with a Payment Agreement you have established with a merchant or Payment Initiator. | $0 |
| Branch staff assisted withdrawalper withdrawal: Includes any withdrawals conducted at a Westpac branch, including cashing of Westpac cheques. | $0 |
| Periodical Paymentsper payment: An automated transfer that is debited from your account and credited to a specified account on a regular basis on your request. | $0 |
Other Westpac transaction accounts
Westpac Life 5.15%Cash Investment Account 3.00%Community Solutions Cash Reserve 1.45%Business Premium Cash Reserve 1.30%
Get an email the morning Westpac moves this rate.
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