Pension Plus

  • No monthly account keeping fees
  • Unlimited free everyday transactions
  • No minimum deposit
  • No minimum opening balance

   

Enjoy easy access to your combined transaction and savings account via our Visa Debit card, internet banking and app facilities. With no monthly fees, minimum deposit or opening balance, this account is exclusively for those who hold an eligible pension card or who are 55 or older and retired.

Interest Rates

Balance Interest Rate
$0 - $4,999 0.00% PA
$5,000 - $49,999 1.20% PA  
$50,000 and over 2.70% PA

Product Features:

Transaction Accounts
Monthly Account Keeping Fee : Free
Internet & App Banking : Yes
External Internet Transfers : Yes
VISA Debit Card : Yes
Digital Wallet : Yes
BPAY : Yes
Direct Debit : Yes
Direct Credit : Yes
Bank@Post Deposits : Yes, with Visa Debit
Periodic Payments : Yes
Everyday Transaction Fees : Free

Eligibility Criteria

To be eligible for this account, you must be 55 or older and retired, or hold one of the pension cards below;

Please note: A copy of one of the above cards needs to be provided.

Keeping Your Money Safe

Help protect yourself from fraud. Given the current environment, there has been an increase in fraud and no-one is immune from being targeted and scammed. Although you cannot always avoid it, you can protect yourself by educating yourself on how scams work, and what to do if it happens to you.

Useful Links

Eligibility criteria, terms and conditions, fees and charges apply.

Interest rates current as at 11 March 2025 and are subject to change without notice.

Target Market Determination is available here.

This information is general in nature and does not take into account your objectives, financial situation or needs, therefore, you should consider whether this information is appropriate for your personal circumstances before making a financial decision.​

Footnotes:

  • 1 Variable rate, interest calculated on daily balance, paid monthly on the last day of the month and stepped on portion of balance.
  • 2 Other fees and charges may apply