BSB 704-191
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Pension Account

An everyday account for managing your pension.

Easy access

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

2.90%p.a
Interest rate (all amounts)
Apply nowCall 1300 654 822

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.

  • Access your money 24/7

    Using a Visa Debit Card.

  • Internet Banking

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

  • No minimum balance necessary

    So you can spend as much of your money as you need.

  • Interest

    Calculated daily and applied quarterly.

  • Available to customers

    In receipt of a Government pension from Centrelink or the Department of Veterans' Affairs.

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

    2.90%

    For part of the balance $48,600 - $149,999

    2.90%

    For part of the balance $150,000 and over

    2.90%

     

  • One-off Fees

     

     

    Account keeping fee

    $0

    Transaction fees1

    $0

    Ongoing Fees

     

     

    Annual fee

    $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.

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Apply onlineApply online

It's quick and easy to get started online.

Apply now
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Application formApplication form

Download an application form.

Download now
phone

Call usCall us

We're here to help. Speak to a specialist today.

Call 1300 654 822

Change your daily transaction limits

Learn more about using Internet Banking to change daily transaction limits or transfer money between your accounts or to someone else.

Change limitsTransfer money
Terms and Conditions

 

Important Information

Pension Account Interest Rates effective 31 July 2025.

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.