Bank Australia Pension Access
No conditions on the rate
A flexible transaction account for those on an aged, veterans or disability pension.
- Base rate up to
- 2.15%
- Introductory rate
- None
- Maximum balance
- None published
Rate a year, up to
Rates by balance
| Balance | Base rate |
|---|---|
| $0 to $5,000 | 0.75% |
| $5,000 to $50,001 | 1.90% |
| $50,001 and over | 2.15% |
Who can open it
- Age to open
- 18 and over
- Maximum balance
- None published
Who it's for
- Personal, Joint and Trust.
- Available to customers who are in receipt of an aged, disability or veteran government pension.
Limits and conditions
- Only one Pension Access account is allowed per customer, solely or jointly owned.
How it compares
Against the other savings accounts we compare. Typical means the middle half of them.
Most it pays
2.15%
At its best balance, with any bonus. Typical is 3.65%.
Base rate
2.15%
What it pays without a bonus. Typical is 2.40%.
Pros and cons
Pros
- No conditions. You earn the same rate every month, with no deposits to make or withdrawals to avoid.
Cons
- A lower rate. Up to 2.15%, below the typical 3.65%, so your savings grow more slowly than in many other accounts.
Similar savings accounts
Savings accounts from other banks that pay a similar rate at their best.
- Most it pays
- 2.15%
- Bonus conditions
- None
- Most it pays
- 2.15%
- Bonus conditions
- None
- Most it pays
- 2.10%
- Bonus conditions
- None
