Latest News

Important Information Regarding S11 Deeming Account

09 March 2017

Important Information Regarding S11 Deeming Account

Effective 09 March 2017, the Interest rates, Balance Tiers and Name of these Accounts will change.

The S11 Deeming Account will be changing its name to Retirement Access Account. The following Interest rates and balance tiers will apply to the Retirement Savings Account;

Basis of Calculation                        Rate Per Annum
$1 to $50,000                                     1.10%pa
$50,000 plus                                      2.25%pa

 There is nothing you need to do. Your Retirement Access Account will continue to:

·         Retain the same BSB and account number, card access and PIN
·         Have the same online banking details Retain all the same limits (if applicable)
·         Continue with all the same direct credit and debits including all scheduled payments

The following transaction types are fee free transactions:

  • Coastline / BCU/ Westpac/ St George & Bank SA ATM Transactions
  • Internet Banking
  • Telephone Banking
  • Bpay
  • Direct Debits & Credits
  • Deposits