Pension Plus Account

Earn higher interest on your funds with flexible access to your money.

0.90 % p.a.
$50,000 and over

Earn higher interest on your funds with flexible access to your money.

Retirement Accounts
Product name Interest Rate

$50,000 and over

0.90 % p.a. Interest Rate

$5,000 - $49,999

0.30 % p.a. Interest Rate

$0 - $4,999

0.00 % p.a. Interest Rate

Pension Plus Account is for members who have an eligible pension card or are over 55 years of age and have retired. The account allows you to earn high interest like a savings account while also providing easy access to your money with a Visa Debit card.

Features

High rate of interest

No minimum deposits or opening balance

Easy access to your money

Deposits Australian Government Guaranteed up to $250k 7

Eligibility Criteria

There is a maximum of TWO account holders for each account. Both account holders must meet the eligibility criteria.

Additionally, a Power of Attorney/Authority are permitted to access and manage an account on behalf of account holder(s). In order for a member to access the Pension Plus account they must either meet the "Pensioners" or "55+ years and retired" criteria as listed below:

Pensioners 
Eligible members must hold one of the below:

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

OR

55+ years old and retired

Disclaimer information Expand

7 The Australian Government’s Financial Claims Scheme (FCS) protects depositors in the event that a financial institution becomes insolvent. The FCS is administered by the Australian Prudential Regulatory Authority, APRA. For further information on the FCS, including limits on the protection level, please visit the FCS website and their FAQs.

Terms and Conditions and Fees and Charges apply. Current interest rates are available here and are subject to change at any time. Rates current as at 1 December 2020.

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13 77 28

8:45am to 4:30pm Mon-Fri

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