For people aged over 65 or age pension recipients
Unlimited free everyday transactions*
No monthly fee

The all-in-one Pension Plus account is tailored for pensioners and self-funded retirees, 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.


  • 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 up to $50,000 3.20Interest rate
Balances more than $50,000 3.20Interest rate
Interest is calculated on the minimum daily balance on a stepped basis with a different interest rate paid for the portions of your account balance that fall within set dollar ranges (‘steps’). Interest is paid monthly. Effective Thursday 23 November 2023
Monthly fee $0
Transaction fees Fees may apply. Please read our Fees and Charges brochure to learn more.
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The fine print

Applicants for a Pension Plus account must be at least 65 years of age, or be in receipt of an aged pension from Centrelink or Department of Veteran Affairs.

*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.