Pension Account
Rates and fees
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
2.65%
For part of the balance $48,600 - $149,999
2.65%
For part of the balance $150,000 and over
2.65%
One-off fees
Account keeping fee
$0
Transaction fees1
$0
Ongoing fees
Annual fee
$0
Manage your pension account any way you like
No monthly account fees
Make your money go further with no monthly account fees and ATM withdrawal fees¹ in Australia when you bank with us.
Interest benefits
Competitive interest rate that is a higher rate than a standard transaction account. Interest is calculated on the portion of the balance which falls within each tier, a higher rate than a standard transaction account.
Interest is calculated daily and applied quarterly.
Convenience
Open your bank account online.
Withdraw from your account and make purchases with a Visa Debit Card.
The Visa Debit card gives you the ease of payWave while using your own funds.
Quick and easy access
With easy 24/7 access to your funds, our accounts are accessible via Internet Banking and Mobile Banking app.
You can withdraw funds at any ATM in Australia or by visiting one of our branches.
Eligibility
Available to customers in receipt of Government pension from Centrelink or the Department of Veterans' Affairs.
How to apply
We're here to talk with you about your unique circumstances and recommend the best account for your needs.
Managing payments, transfers and transactions
Learn more about using Internet Banking to change daily transaction limits or transfer money between your accounts or to someone else.
Pension Account Interest Rates effective 22 January 2026.
Interest is calculated daily. Interest rates are per annum, current at the time of printing and are subject to change without notice.
1. Other fees and charges may apply.