Easy Access 50+

An interest-earning everyday transaction account

Transaction Account over 50

You’ve Earned It

Step into your next financial chapter with a transaction account that combines flexibility and growth for easy-er banking. The Easy Access 50+ transaction account is designed to help you make the most out of your money, earning interest on your everyday balance while you enjoy the good things in life.

Earn While You Spend

Earn 2.50% p.a.~ on balances over $200,000 and grow your money as you manage everyday transactions.

Earn While You Spend
No Monthly Account Fees*

Keep more of your money. Enjoy $0 monthly fees* when you meet the eligibility requirements.

No Monthly Account Fees*
Easy Access to Your Money

Manage your account anytime, anywhere with our online and mobile banking platforms. Or bank direct with us, in-person or on the phone.

Easy Access to Your Money
Fast, Secure Payments

Make payments fast and securely with Osko® and PayID®.

Fast, Secure Payments

Important Information: ~Easy Access 50+ available for persons aged 50 years and over. Interest paid on the portion of the balance that falls within each balance band.

*$5 monthly account fee is waived when you meet one of the following criteria: you deposit at least $2k per month into the account, or if you have $30k or more in combined account balances with us.

Feel empowered with flexible banking and a community that supports you – that's what we are all about.

Over $200,000

$50,000 - $200,000

$0 - $49,999
Interest on Balance
2.50%p.a.2.25%p.a.0.25% p.a
Compare

Over $200,000

Interest on Balance
2.50%p.a.

$50,000 - $200,000

Interest on Balance
2.25%p.a.

$0 - $49,999

Interest on Balance
0.25% p.a

Important: Interest rates are tiered based on balance bands. The credit interest is paid on the portion of the balance that falls within each balance band. Interest calculated daily and paid monthly on the last working day of the month. Transactions made to or from the account after 5pm NSW time on the last business day i.e. effective dated in the current month but posted in the following month, will be included in the interest calculation for the month in which they were posted. Balances include deposits made to your account.

See All Interest Rates
interest bearing transaction account features

Bank your way

  • Apple Pay
  • Google Pay
  • SCCU App
  • NetBanking
  • Over the phone
  • In-branch banking

Features

  • Visa Debit Card
  • Direct Debits
  • Direct Credits
  • Fast Payments with Osko
  • Pay ID feature available
  • Frollo Money Management App

Daily Limits

  • $400: Visa payWave
  • $2,000: Fee-free withdraws when using the big 4 ATMs
  • $5,000: NetBanking/App transactions

For other cash withdrawals and transaction limits, see our Summary of Accounts

Fees & Charges

How to Apply

Conveniently open your Easy Access 50+ in a couple of steps!

The Steps

  1. Fill out the online application form.
  2. We’ll contact you to complete the ID verification process and get you set up with your new account.
  3. Enjoy the easy-er banking.

Eligibility

  • Be an individual aged 50 and over
  • Be an Australian citizen or a permanent resident of Australia
  • Have an email and mobile number
  • Have one form of official ID
  • The Little Details

    Banking and Credit products issued by Southern Cross Credit Union (SCCU).

    Southern Cross Credit Union Ltd 82 087 650 682 AFSL 241000 Australian Credit Licence 241000. Any information on this website is general in nature and does not take into account your objectives, financial position or personal needs (your ‘circumstances’).  Product eligibility criteria, terms & conditions, fees & charges apply.

    ~Easy Access 50+ available for persons aged 50 years and over. Interest paid on the portion of the balance that falls within each balance band.

    Important: Interest rates are tiered based on balance bands. The credit interest is paid on the portion of the balance that falls within each balance band. Interest calculated daily and paid monthly on the last working day of the month. Transactions made to or from the account after 5pm NSW time on the last business day i.e. effective dated in the current month but posted in the following month, will be included in the interest calculation for the month in which they were posted. Balances include deposits made to your account.

    *$5 monthly account fee is waived when you meet one of the following criteria: you deposit at least $2k per month into the account, or if you have $30k or more in combined account balances with us.

Make Budgeting Easy

Calculate your income and expenses to project your potential financial growth.



Got Questions? Easy Access 50+ FAQs

  • Can I manage the Easy Access 50+ online?

    Yes, this account has been created for easy use and access. You can manage it via NetBanking and our Mobile App, anytime on the go. You are also welcome to visit a Financial Service Centre close to you or call us on 1300 360 744.

  • Are there any fees associated with Easy Access 50+ Account?

    A $5 monthly fee is applied when fee waive requirements are not met. This fee is waived if you meet one of the following criteria: you deposit at least $2k per month into the account, or if you have $30k or more in combined account balances across deposits and/or loans with us.

    Other general service fees will apply as per our existing Fees and Charges Schedule.

  • Can I open an Easy Access 50+ as a joint or shared account?

    Yes. You can choose to open Easy Access 50+ as a joint account when completing your online application form, or by calling us on 1300 360 744.

    For joint accounts, as long as the primary account holder is aged 50 or over, the secondary account holder does not need to meet the age requirement.

  • How can I add my tax file number or tax file exemption to my accounts?

    You will be asked to provide your Tax File Number when opening your account online. Alternatively, you can do this in your NetBanking, in person when visiting a Financial Service Centre closer to you, or over the phone at 1300 360 744.

  • Is my money protected by the Government in an interest-earning transaction account?

    Yes.  Holding an interest-earning transaction account is a secure way to earn interest on your everyday balance with the same protection an everyday account offers.
    This account is also protected under the Australian Federal Government’s Financial Claims Scheme (FCS) of up to $250k, the same as they would be with other financial institutions.

    For more information, visit https://www.apra.gov.au/financial-claims-scheme-0

  • How do I earn interest in my Easy Access 50+?

    Interest will be calculated daily based off your account balance. If your account earns interest, you’ll be earning interest on the interest already accumulated. This process is known as compound interest. There are three tiers of balance amounts which accrue differing levels of interest. See All Interest Rates for the full details.

  • When do I get paid the interest in my transaction account?

    Interest rates are tiered based on balance bands. The credit interest is paid on the portion of the balance that falls within each balance band.

    Interest is calculated daily and paid monthly on the last working day of the month. Transactions made to or from the account after 5pm NSW time on the last business day i.e. effective dated in the current month but posted in the following month, will be included in the interest calculation for the month in which they were posted. Balances include deposits made to your account.

 

Plan Your Financial Future with Confidence

Our partners at Bridges can help you navigate your next financial stage with expert financial planning, personalised strategies, and cutting-edge tools, such as a free Wealth Report.

Schedule a Consultation

Financial Planning

More ways to grow your money with us

Star Saver

A savings account linked to our transaction account.

Learn More
Star Saver
Term Deposits

A secure, high-interest option for set-and-forget investments.

Learn More
Term Deposits
Reverse Mortgage

Access the equity in your home to help with retirement, for customers over 70.

Learn More
Reverse Mortgage
We chose to bank with our local SCCU for many reasons. The staff are very cheerful and helpful. It is an enjoyable in-branch experience at a convenient location. Opening hours are longer than most other banks in our area and they are open every weekday. We bank exclusively with SCCU for our personal, business and children's accounts. We have always been happy with their customer service and have recommended SCCU to our local sports club and school
Tony & Alisha
Previously we were not advocates of the banking industry, we were strong non-believers after some disappointing & negative experiences. Many locals referred us to Southern Cross Credit Union (SCCU) and after much encouragement we moved our banking business to the SCCU Tweed City Branch. We are now strong believers as we have been in the extremely efficient, effective and supportive hands of SCCU loans manager Stephen Distant. What an asset! Stephen has totally reframed our banking experience, we are genuinely impressed with his ability to do this by managing our loans. Even after many years as a SCCU client, Stephen's dedication with helping us has not died down, his loyalty remains nothing short of inspiring and his willingness to provide outstanding customer service is something we are in awe of. Moving our accounts to SCCU was a great decision, thanks to Stephen Distant.
Rod and Suzy Cornelius
We are writing to compliment SCCU for the excellent care, efficiency and exceptional customer service which we have received over the past many months of our build from Emma Northcott. Emma has combined professionalism, attention to details, accuracy, excellent communication and helpful consideration in managing our loan and the periodic payments requested by the builder. In our opinion she has gone above and beyond what we would have expected from a Lending Operations Specialist, and her handling of our account will highly contribute to our recommendations of SCCU to friends and family. Thanking you sincerely
Stan and Zetta Michaels
We recently approached Southern Cross Credit Union to investigate the refinancing of three home loans. We had been dealing with a couple of the big 4 banks for the past 20 years. From our initial meeting, though regular emails and phone calls to the final signing of documentation, everyone at SCCU was a pleasure to deal with.
First Home Buyer Firsts: Costs Involved
Buying Your First Home,  Home Loans For First Time Buyers,  First Buyer Home,  Buying A House,  First Home Buyer

We’re getting closer, can you feel it? Quick recap, we have looked at building a budget and the various government schemes/grants that are available to boost your deposit. Now it’s time to pull those resources together and go through the initial costs involved when buying a home and the possible...

We’re getting closer, can you feel it? Quick recap, we have looked at building a budget and the various...

Read More
First Home Buyer Firsts: Government Grants
Buying Your First Home,  Home Loans For First Time Buyers,  First Buyer Home,  Buying A House,  First Home Buyer

You’ve had the dream home in your head for years. Sure, the couch colour has changed a few times, the pool has got bigger, and you’re still teetering between kitchen styles but now the time has finally come and you’re ready to buy your very first home with a...

You’ve had the dream home in your head for years. Sure, the couch colour has changed a few times,...

Read More
Lenders Mortgage Insurance (LMI) Explained

Achieving the dream of home ownership can be one of the most exciting times in your life. At times however, it can seem unattainable due to how long it takes to save a deposit. Lenders' Mortgage Insurance (LMI) enables us to accept deposits less than 20% for some home...

Achieving the dream of home ownership can be one of the most exciting times in your life. At times...

Read More