For aged pensioners and self-funded retirees
Unlimited free everyday transactions*
No monthly fee

The Pension Plus account meets the everyday banking needs of people aged 65 plus or in receipt of an aged pension from Centrelink or the Department of Veteran Affairs.

It has received Canstar’s 5-Star Rating for Outstanding Value in 2020.


  • Unlimited free everyday transactions*
  • No monthly account service fee
  • Your choice of Visa Debit card access
  • 24/7 internet and phone banking access
  • Mobile banking app
  • Worldwide access
  • Bank@Post
  • Card access

Rates & Fees

Balances up to $50,000 2.60Interest rate
Balances more than $50,000 2.60Interest 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 March 2023
Monthly fee $0
Transaction fees Fees may apply. Please read our Fees and Charges brochure to learn more.
Toggle Item

The fine print

The Canstar 5-Star Rating for Outstanding Value Transaction Account and Savings Account was awarded in May 2020 for the Pension Plus account in the Senior Saver and Senior Transactor profiles.

*Refer to our Fees and Charges brochure for information on other transactions which may attract fees and charges.

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.

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.