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Retirement Plus

High interest savings accounts with at-call flexibility; specifically designed for retirees.

Retirement Plus

Saving in Retirement

Saving in retirement is made easier with our Retirement Plus accounts that are specifically designed for retirees who directly credit their pension or superannuation funds to WAW Credit Union.

Importantly, there are Retirement Plus accounts for couples and single pensioners to help manage tax and other financial aspects of retirement planning.


Account Features

  • Very competitive interest rates.
  • Use your own funds and/or apply for access to an overdraft facility.
  • Over the counter, card, personal or corporate cheque access available.
  • WAW Internet Banking available on this account.
  • 24 hour WAW Phone Banking.
  • Easy to link rediATM access and VISA Debit cards.
  • VISA cards also available on this account.
  • Access to BPAY, direct debit transactions for bill payment and Periodic payments.
  • Direct crediting available for electronic crediting of pension payments (BSB 803-070).
  • Transaction Record Book and statement facilities available.
  • Periodical payments and direct debiting for regular payments may be established.
  • Funds are at call and there are no minimum balance restrictions.
  • Cash withdrawals are limited to $2,000 per day per customer. Amounts in excess of this require 24 hours notice. Individual ATMs also have daily transaction limits. Please contact us to find out more.
  • Cheque facilities.
  • Direct Credits.
  • Overdraft facilities..

For Singles

Up to $47,999 0.15% p.a.
$48,000 and over 1.15% p.a.

For Couples

Up to $79,599 0.15% p.a.
$79,600 and over 1.15% p.a.

Download our Deposit Interest Rate Schedule here

Transaction type   Cost
Personal Cheque Processing  

Per cheque

Over-the-Counter Deposits    
  S21 eAccess A/c $0.75
  S3 Business A/c first 2 in any month free, then $0.75
  All other Accounts Nil
Over-the-Counter Cash Withdrawals S21 eAccess A/c   $2.00
  All other accounts first 3 in any month free, then $2.00
Direct Debits Per Transaction $0.40
BPAY Per Transaction $0.40
WAW Internet Banking All transactions (excluding BPAY) Nil
WAW Phone Banking All transactions (excluding BPAY) Nil
VISA Card Usage Fees and charges are calculated on the combined transaction total in any month per membership using VISA Card
Eftpos transactions First 2 transactions in any month Nil
  Subsequent transactions in any month $0.60
rediATM transactions First 3 transactions in any month Nil
  Subsequent transactions in any month $1.00
  Enquiry / Decline $0.60
Non-rediATM Transactions Withdrawals $0.20
  Declined Transactions $0.60
NOTE: Non- rediATM transactions may also attract direct charges levied by the owner of the ATM.

Download our Transaction Fees and Charges Schedule here

How To Apply

If you are interested in opening a retirement plus account please fill out our online enquiry form and one of our dedicated accounts staff will contact you on the details you provide so we can further the application process.

Alternatively, you can contact us on 1300 368 555 and ask to speak to one of our savings account specialists.

Enquire Now