Teachers Mutual Bank Pension Advantage account
No conditions on the rate
An account for members receiving a pension or allowance from Centrelink or Veteran Affairs.
- Base rate up to
- 3.25%
- Introductory rate
- None
- Maximum balance
- None published
Rate a year, up to
Rates by balance
| Balance | Base rate |
|---|---|
| Any balance | 3.25% |
Who can open it
- Age to open
- Any
- Maximum balance
- None published
Who it's for
- You must be receiving a pension or allowance from Centrelink or Veteran Affairs and the pension or allowance must be paid directly into the account.
How it compares
Against the other savings accounts we compare. Typical means the middle half of them.
Most it pays
3.25%
At its best balance, with any bonus. Typical is 3.65%.
Base rate
3.25%
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
Nothing stands out.
Similar savings accounts
Savings accounts from other banks that pay a similar rate at their best.
- Most it pays
- 3.25%
- Bonus conditions
- None
- Most it pays
- 3.25%
- Bonus conditions
- None
- Most it pays
- 3.25%
- Bonus conditions
- None
