The all-in-one Pension Plus account is tailored for Members aged over 65, offering easy access and the freedom to manage your finances effortlessly. It ensures you have the convenience and efficiency to spend and save within the same account.
With card access and the option to conduct banking via face-to-face or electronic means, you’ll have peace of mind that you can choose the access method that best suits you.
Features
- A simple savings and transactions account with no special criteria required to earn interest
- Unlimited free everyday transactions*
- No monthly account service fee
- Visa Debit card access, with your choice of card design
- Access your funds 24/7 via internet banking or mobile app
- Self-managed card controls available in case of a lost or stolen card
- Worldwide access
- Bank@Post
- Transfer your money instantly using Osko ^
- Access your funds via Apple Pay, Google Pay and Samsung Pay
Rates & Fees
| Balances more than $50,000 | 2.40Interest rate |
| Balances up to $50,000 | 2.40Interest rate |
Interest is calculated daily and paid monthly on a stepped basis with a different interest rate paid for the portions of your account balance that fall within set dollar ranges (‘steps’). Effective Wednesday 27 August 2025 |
| Fees | |
|---|---|
| Monthly fee | $0 |
| Transaction fees | Fees may apply. Please read our Fees and Charges brochure to learn more. |
The fine print
Applicants for a Pension Plus account must be at least 65 years of age.
* Refer to our Fees and Charges brochure for information on transactions which do not incur a fee, and information on transactions which may attract fees and charges.
^ Refer to our Account and Access Facility Conditions of Use brochure for more information.
The information above does not take into account your objectives, financial situation or needs. Before acting on the information you should consider whether it is right for you and seek your own advice.
Please be aware that interest rates may change at any time without agreement. All interest rates quoted are per annum. Fees and charges are payable.
The information above should be read in conjunction with the Financial Service Guide; Target Market Determination; Account and Access Facility Conditions of Use; Personal Savings and Transaction Accounts brochure and Deposit Interest Rate Schedule before acquiring this product.