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BSB 704-191
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Pension Account

An everyday account for managing your pension.

3.40%p.a
Interest rate (all amounts)
3.40%p.a
Interest rate (all amounts)

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 and Phone 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.
  • Easy access

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

So you can live the retirement lifestyle of your dreams. Get expert, ethical advice is designed to put you first.

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

    3.40%

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

    3.40%

    For part of the balance $150,000 and over

    3.40%

     

  • 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.

Important Information

Pension Account Interest Rates effective 26 March 2024.

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.