Pension Advantage Account

$0

Access Fee
2.75%pa

up to $50,000
$0

Minimum Amount

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If you are receiving a pension or allowance from the Department of Family and Community Services or Department of Veteran Affairs, this is the account for you.

Features and benefits
Pension Advantage account features and benefits

Some examples of the pensions and allowances that satisfy our Pension Advantage account requirements include Age Pension, Wife’s Pension, Sole Parents Pension, Disability Support Pension, Widow’s Pension and Sickness Allowance. A State Superannuation Pension does not qualify.

Benefit from:
- $0 access fee
- No minimum balance
- Avoid and minimise your fees
- Free Internet Banking transfers
- SMS banking
- Internal transfers
- Cash deposits at selected offices
- Visa Debit card with payWave
- A certified responsible investment deposit product
- 24/7 access via Internet Banking and mobile app
All accounts

Rates and fees

Interest rates
up to $50,000	2.75%pa
over $50,000	2.75%pa
Interest rates effective date	Interest rates effective 1 December 2023
Interest rates type	Variable

Other information

For full details of our fees, please review the Fees and Charges brochure.

Download the Fees and Charges brochure [PDF]

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To become a member, you'll need:

To be an Australian citizen or permanent resident
18 years old or over
+
Identification

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*Important information

Conditions of use—Accounts and access

Fees and charges

For deposit products no longer offered for sale please click here.

*Interest rates effective 1 April 2024

The Responsible Investment Association Australasia (RIAA)

Retail mortgages and deposits have been certified by RIAA according to the strict operational and disclosure practices required under the Responsible Investment Certification Program. See www.responsibleinvestment.org for details. The Responsible Investment Certification Program does not constitute financial product advice. Neither the Certification Symbol nor RIAA recommends to any person that any financial product is a suitable investment or that returns are guaranteed. Appropriate professional advice should be sought prior to making an investment decision. RIAA does not hold an Australian Financial Services Licence.

Design and Distribution Obligations

The target market for this product will be found within the product’s Target Market Determination, available here.

Pension Advantage account

Features and benefits