Everyday Plus .
Are you 55+ and want simple banking? Spend, save and earn interest all in one account.
Here's what you need to know.
Who can apply?
Anyone who is 55 and over, with no need to provide us with a pension card.
What happens next?
Someone from our team will be in contact within 1 business day to get you started with everything you need. It’s simple banking.
Interest and Fees
Everyday Plus
| Balance | Interest Rate |
| $0 – $9,999 | 0.10% p.a.* |
| $10,000 – $99,999 | 1.00% p.a.* |
| $100,000 and over | 2.00% p.a.* |
| Account Keeping Fees | |
| Monthly account keeping fee | $6 |
Fees and Charges
Say goodbye to your monthly account keeping fee, simply by following our tips below:
- Deposit at least $2,000 into your account each month; or
- Have a Membership Vale of $50,000 or more (including loans & deposit products).
Deposits excludes bank-initiated transactions, reversals and refunds. Membership Value is calculated by taking the total closing balance of all your Savings, Term Deposits and Loan accounts each day for a membership and averaging this total daily balance across the number of days in the month. Note: balances are calculated on the effective date of the transaction. Does not include overdrawn balances. Where an accounts debit balance is greater than its approved credit limit, the credit limit amount is instead used.
Refer to our Summary of Accounts, Access Facilities and Transaction Limits for more information.
Transaction fees and charges may apply, please refer to our Fees and Charges.
To reduce or cancel your credit limit complete our online form or call us on 1300 132 249.
What makes it so great ?
Tap & Go .
It’s easy with your Visa card, or tap your own way with Google Pay™, Apple Pay® and Samsung Pay®, the choice is yours.
24/7 digital banking.
24/7 access with e-statements, internet banking & our mobile app – banking from your phone or tablet.
Deposit your pay.
Say goodbye to your monthly account keeping fee, simply by depositing at least $2,000 into your account each month (excludes bank-initiated transactions, reversals and refunds).
Save & earn.
Earn interest with your Everyday Plus account.
Government Guarantee
The Australian Government guarantees aggregated deposits with Australian authorised deposit-taking institutions, including Illawarra Credit Union (a division of Community First Credit Union Limited), of up to $A250,000.
The Financial Claims Scheme (FCS) is an Australian Government scheme that was established during the 2008 global financial crisis to provide financial protection for consumers in the unlikely event of a failure of a bank, credit union, building society or general insurer.
The FCS provides protection for depositors of banks, credit unions and building societies that are incorporated in Australia (also known as authorised deposit-taking institutions or ADIs), for deposits up to $250,000 per account holder per ADI. The FCS limit of $250,000 applies to the sum of an account holder’s deposits under the one banking licence. This includes accounts with any other banking business that the licenced banking institution may operate under a different trading name. Community First Credit Union Limited operates the brands Illawarra Credit Union, Community First Bank and Easy Street Financial Services. For the purpose of FCS, all deposits held under the different brands are added together to determine the FCS entitlement for an account holder. The scheme aims to return deposits to account holders within seven days of activation of the FCS.
The FCS can be activated by the Australian Government in the unlikely event that an ADI or general insurer fails.
Once activated, the FCS will be administered by APRA.
The objectives of the FCS are to:
- protect depositors of ADIs, and claimants of general insurers, from potential loss in the unlikely event of the failure of these institutions;
- provide depositors with prompt access to their deposits that are protected under the FCS; and
- support the stability of the Australian financial system.
Further information about the Government Guarantee can be obtained from the APRA website at www.fcs.gov.au.
We're here for you .
Our opening hours
Our contact centre is open Monday-Friday 8am-8pm (AEDT) and Saturday 8am-3pm (AEDT).
Are you a First Home Buyer?
Find out how we can help you secure your first home including access to the Australian Government’s 5% Deposit Scheme.
Find out moreImportant notes
*Rates are current as at 13/02/2026 and subject to change without notice.
Illawarra Credit Union, a division of Community First Credit Union Limited ABN 80 087 649 938 AFSL and Australian credit licence 231204, is the product issuer of the deposit and payment products. Any advice given is of a general nature only and does not take into consideration your objectives, financial situation or needs. Please consider the appropriateness of the advice before acting. Refer to the Account and Access Facility Conditions of Use and the Fees and Charges for more details. Fees and charges are payable. Terms and conditions apply and are available on request.
BPAY® registered to BPAY Pty Ltd ABN 69 079 137 518. Osko® is a registered trademark by BPAY Pty Ltd ABN 69 079 137 518. Android, Google Pay, and the Google Logo are trademarks of Google LLC. Apple, the Apple logo and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. Apple Watch is a trademark of Apple Inc. App Store is a service mark of Apple Inc. Samsung Pay is a registered trademark of Samsung Electronics Co., Ltd. Garmin, the Garmin logo, and the Garmin delta are trademarks of Garmin Ltd.
Need help?
That's what we're here for. Give us a call, and our team will help you setup your Everyday Plus transaction account.
