Forms of primary ID
To verify your identity online, you'll need any two of the following:
- Driver's licence
- Medicare card
$0 monthly account keeping fee, no minimum balance required
Protection against fraudulent transactions with Internet & Mobile Banking2
With a 55 Plus Account, there are no monthly account keeping fees and no withdrawal limits, so you’ll feel confident making payments or transferring and withdrawing funds as often as you need.
You could earn higher interest by choosing to lock a portion of the money away in your sub-account for up to 12 months. flexiRates can easily be set up and managed in Internet Banking.
Applying online is simple and takes less than 5 minutes.
Joint applicants may apply online however you will both need to visit a store or Australia Post office to verify your ID before you receive full access to your account.
We will need to confirm your identity when you visit the store so please take a moment to read our personal identification requirements.
At least one of the account owners must be 55 years of age or over and a permanent resident of Australia
Product Information Document
For more details about this account download our Product Information Document
Compare Everyday Accounts
Use our comparison table to easily compare all Everyday Account features side by side
Use our Savings Calculator to see how much you could save
Things you should know
Deposit Products are issued by Suncorp-Metway Ltd (“Suncorp Bank”) ABN 66 010 831 722 AFSL No 229882. Please read the Product Information Document for Personal Deposit Accounts before opening an account. Fees, charges, terms and conditions apply and are available on request.
Apple, the Apple logo, Apple Pay, Apple Watch, iPad, iPhone, Mac, and Touch ID are trademarks of Apple Inc., registered in the U.S. and other countries.
Android, Google Pay, and the Google Logo are trademarks of Google LLC.
2. Suncorp Online Protection Guarantee. When using Suncorp Internet Banking and Mobile Banking, you are protected against loss from transactions you didn’t make or approve as long as you adhere to the applicable Internet Banking Terms and Conditions, Suncorp App Terms and Conditions, or Suncorp Bank App Terms and Conditions. You need to ensure you keep your Secret Codes including Customer ID, passwords, passcodes and security token codes private, don’t contribute to the loss and let us know immediately as soon as you discover a loss.
flexiRates allows you to earn higher interest rates by locking away a portion of your savings for periods up to 12 months.
Interest is calculated on a ‘stepped’ basis, which means you'll earn interest based on the parts of your account balance which fall within a set dollar and interest rate range. Please see the interest rate tab for rates across all account balances. Interest is calculated daily and paid monthly.
flexiRate rates allow you to earn higher interest rates by locking away a portion of your savings within your account for periods up to 12 months.