Pension Account

0.30 % p.a.

Interest rate
(for part of the balance between $0 - $48,599)

0.55 % p.a.

Interest rate
(for part of the balance between $48,600 - $149,999)

Apply now 1300 654 822

0.30 % p.a.

Interest rate
(for part of the balance between $0 - $48,599)

0.55 % p.a.

Interest rate
(for part of the balance between $48,600 - $149,999)

Apply now 1300 654 822

An everyday account for managing your pension.

If you receive a pension then you're aware of how diligent you need to be when managing your finances. Our Pension Account is the pensioner bank account for your everyday needs.

With convenient internet and phone banking access and interest that's higher than standard savings accounts.

The details:

  • Benefit from interest that is calculated on the portion of the balance which falls within each tier, a higher rate than a standard transaction account.

  • Easily arrange an Overdraft to cover overdrawn accounts.

  • Access your everyday account with Internet and Phone Banking to easily see your account balance or transfer funds.

  • Interest calculated daily and applied quarterly.

  • Access your funds whenever you need them for your everyday spending.

  • Use your money how you prefer: you can use a Visa Debit Card and a Cheque Book.

  • No minimum balance necessary, so you can spend as much of your money as you need.

  • Available to customers in receipt of a Government pension from Centrelink or the Department of Veterans' Affairs.

Plan for retirement

So you can live the retirement lifestyle of your dreams.

Learn more
Mother and Daughter sitting on sofa drinking tea

Rates & fees

  • Rates
    Interest is calculated on the portion of the balance which falls within each tier at the applicable rate
    Interest is calculated on the portion of the balance which falls within each tier at the applicable rate
    Interest rate (p.a.)
    For part of the balance $0 - $48,599
    Interest rate (p.a.)

    0.30%

    For part of the balance $48,600 - $149,999
    Interest rate (p.a.)

    0.55%

    For part of the balance $150,000 and over
    Interest rate (p.a.)

    0.55%

  • Fees
    One-off fees
    One-off fees
    Amount
    Account keeping fees
    Amount

    $0

    Transaction fees1
    Amount

    $0

    Ongoing fees
    Ongoing fees
    Amount
    Annual fees
    Amount

    $0

How to apply

Applying for a bank account is a journey you shouldn't go through alone. We're here to talk with you about your unique circumstances and recommend the best account for your needs.

Stopwatch

Apply online

Apply now
Document approval

Application form

Download now
Call us

Call us

1300 654 822

Terms and Conditions

Interest is calculated on the portion of the balance which falls within each tier at the applicable rate.

Pension Account Interest Rates effective 5 January 2021.
Interest is calculated daily. Interest rates are per annum, current at the time of printing and are subject to change without notice.
The Canstar 5-Star Rating for Outstanding Value Transaction Account was awarded in March, 2020 for the Pension Account.
1. Other fees and charges may apply.