Credit union retirement savings account - Community First Credit Union

Retirement savings account

The Retirement Plus Deeming account is an everyday account that rewards those over age 55, pensioners or retirees with higher interest than normal accounts. At the same time, it gives you a range of convenient ways to bank to help make your day to day banking hassle free.

How does it work?

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.

Who is eligible for this account?

To be eligible for Retirement Plus you will be either over the age of 55 or a recipient of Family and Community Services Pension.

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)

Interest rates

Balance Interest Rate Up to $2,000 0.10% p.a.* Between $2,000-$45,400 2.50% p.a.* Balances > $45,400 4.00%p.a.*

Access options

Internet Banking (optional) Mobile Banking (optional) Telephone Banking (optional) E-statements (optional) Access to your money through the rediATM network of over 3,500 ATMs - Australia's second largest ATM network Over the counter at our 11 Financial Services Stores

ATM Cards

With your Retirement Plus Deeming account, you have the choice of a Community First Visa Debit Card or a Redicard. To find out more about the features of each card, click on the links below.

Visa Debit Card Redicard Plus

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Our product Conditions of Use are available on this website. You should read and consider these Terms and Conditions when deciding to use any product. *Terms and conditions, Fees and Charges apply - details available on application. All loans subject to lending guidelines. Rates are current as at 09/05/13 and subject to change without notice. ^Normal lending criteria applies.