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 customers age of 50 and over make the most out of their money, earning interest on their everyday balance while enjoying the good things in life.
You can earn tiered interest in any balance.
^For balances over $200k #For balances $50,000 to $200,000 ~For balances $0 to $49,000 *Standard account fee of $5 per month is waived if you meet one of the following criteria: you are under 30 or deposit at least $2k/month into the account or if you have $30k or more in deposits and/or loans with us.
New to SCCU? Open your Easy Access 50+ transaction account in a couple of steps.
To open an account, you must:
Products issued by Southern Cross Credit Union Ltd. ABN 82 087 650 682. AFSL 241000. Any advice given is of a general nature only and is not based on any consideration of your objectives, financial situation and needs. To decide if a product is right for you, please refer to the Summary of Accounts, Access Facilities and Transaction Limits. Eligibility criteria, fees and charges, terms and conditions apply. To help you better asses if these products are right for you please reach out to our team or read through our Target Market Determinations (TMD), designed to help you make an informed decision that is consistent with your objectives, financial situations and needs. Deposits up to $250,000 per account holder are guaranteed by the Federal Government under the Financial Claims Scheme.
*$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.
Important: 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. Advertised rate subject to change without notice. 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.
Part of our fast payments solution, PayID is a simpler alternative to a BSB and Account number. It lets you send and receive money using a mobile number, email address, ABN or Organisation Identifier. Ideal for those who want to save time, make and receive fast payments via Osko using an easier-to-remember option for account identification.
When you send money to a PayID, you will see the name of the person or business you are paying before you complete the payment. This can help reduce mistaken or scam payments.
Setting up your PayID is quick and easy. All you need to do is create your PayID via our NetBanking or mobile app using a mobile number or email address that’s registered to your bank account.
After you create your PayID, you can tell payers to make fast payments to your PayID instead of giving out your account details.
Click below to learn more on how to setup your PayID in NetBanking or mobile App.
Fast payments are available for any single transaction made via our NetBanking or mobile app.
To make and receive fast payments, select the Osko or New Payment Platform (NPP) option as your payment type before completing your transaction. You’ll know your money has been scheduled to be sent in most cases instantly if you see the Osko logo on the type of transaction selected when doing your bank transfer. Otherwise, your payment will be processed in our standard processing times.
Fast payments only work if the receiving financial institution is also registered with the NPP and Osko to have the technical capability to process payments fast. However, these limitations do not apply for receiving funds.
When making fast payments via Osko, it is crucial that you remain mindful and attentive to details when paying someone, so you can keep your funds safe. Once you make the payment the chances of recovery are very limited. So be extra careful to make sure the detail of the intended recipient is correct.
For more information and step-by step guides, click below.
You can add your SCCU card to Apple Pay or Google Pay for an easy way to tap and pay.
What is Apple Pay?
Apple Pay is a digital wallet from Apple which lets you use a compatible iPhone, Apple Watch, Mac or iPad to make secure contactless purchases in stores, within selected apps and participating websites in Safari, on your SCCU card.
What is Google Pay?
Google Pay is a free app that allows you to pay with your SCCU Visa Debit with a tap of your phone while enjoying the same benefits and protection of your physical card. You can use Google Pay almost anywhere contactless payments are accepted.
Click below to learn more on how to the benefits and how to use Apple and Google Pay with your digital wallet.
We have joined forces with Bridges, one of Australia’s leading financial planning companies, to provide expert financial advice. When you team up with Bridges Financial Services (Bridges) and Southern Cross Credit Union, you become part of a larger community that genuinely cares about your best interests.
So, how can a Financial Planner make a difference?
They guide you through financial planning, helping you make informed decisions about money – from savings strategies to investments. By preventing costly missteps, they safeguard your financial well-being. Their holistic approach covers cash flow management, estate planning, and lifestyle preferences. Ultimately, a well-crafted plan brings peace of mind and allows you to focus on other aspects of life.
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.
Do you have accounts with more than one bank? Get a single view on your finances with Frollo.
Frollo is a free and secure app that allows you to have all your banking and finance accounts all in one place, so you can see them in totality without going into several apps separately.
All you need to do is download the Frollo app and add your transaction accounts, credit card, savings and loan accounts to Frollo in just a few clicks for a full picture of where your money goes.
It also allows you to easily set and track your budget, shows ways you can save and tips on achieving your financial goals.
Frollo is a third-party app. Click below to visit their website and learn more.
Plan your financial future with confidence using our Budget Planner Calculator.
Feel empowered with flexible banking and a community that supports you – that’s what we are all about.
Yes, this account has been created for easy use and access. You can manage it via NetBanking and our SCCU 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.
Yes, there can be fees associated with our Easy Access 50+ transaction account but there are ways to avoid these fees as listed in the disclaimers. For additional information, visit our support page or contact us via 1300 360 744.
Other general service fees will apply as per our existing Fees and Charges Schedule.
You will be asked to provide your Tax File Number when opening your account. 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.
Yes, this account is designed for customers aged 50 and over. You can determine if this account is suitable for you by reading our Target Market Determination (TMD) or you can also call us to discuss on 1300 360 744.
Yes, you can if you are 50 years old or over this account is available to you. Apply online or give us a call on 1300 360 744 to discuss your options.
Yes, you certainly can. Only the primary account holder is required to meet the age eligibility of 50 years and over for the Easy Access 50+ transaction account. The secondary account holder does not need to meet the age requirement.
Yes, you can. Once your Easy Access 50+ transaction account is opened, simply update the account details to receive your salary or pension into this account.
See Services Australia website for more details: https://www.servicesaustralia.gov.au/centrelink-online-account-help-manage-where-your-payments-are-sent
No, this is not a feature of this account as you cannot earn interest while offsetting it with your home loan. Only our Easy Access transaction account has that function. However, you can have both accounts.
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
Yes. You can choose to open the 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.
Interest will be calculated daily and paid monthly 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 compounding interest. There are three tiers of balance amounts which accrue differing levels of interest. See our interest rate schedules for the full details.
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.
Yes, once your identity is verified and the account set up is completed, you can start using your Easy Access 50+ transaction account and enjoy the easy-er banking.
Customers can have up to 8 Easy Access 50+ accounts.
However, keep in mind that the monthly fee is charged per account, unless you meet the fee-free criteria which would be applied per account. For example, if you had five Easy Access 50+ transaction accounts you would need to meet the fee-waiving requirement for each one of these accounts.
From your first transaction to lifelong investments, with you across all financial life stages.
Years of age
Australian our NZ resident
Confirmed employment
If you'd like a little extra help, call our team on 1300 360 744.
