ANZ Pensioner Advantage Account
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Pensioner Advantage Account is a savings account from ANZ. At $50,000 it pays 1.65% p.a. with no bonus conditions.
Rate tiers
Every balance band in the bank's feed: base is the rate the bank pays.
| Balance | Base |
|---|---|
| $0 – $9,999stepped: paid on the part of the balance in this band | 0.05% |
| $10,000 – $49,999stepped: paid on the part of the balance in this band | 2.05% |
| $50,000+stepped: paid on the part of the balance in this band | 2.75% |
The rates are stepped: each band's rate is paid on the part of the balance that falls in it, so a balance across several bands earns a blend of them.
Conditions
- not updated by the bank since 2026-10-08, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed
- open only to pension or allowance recipients
- interest is banded and paid quarterly, not monthly
- you must receive an ongoing Centrelink or Veterans' Affairs pension or allowance
Features
- card
- ANZ Visa Debit card
- app
- yes
- Osko
- yes
- PayID
- yes
- PayTo
- yes
- BPAY
- yes
- transactions
- unlimited
- wallets
- Apple Pay, Fitbit Pay, Garmin Pay, Google Pay, Samsung Pay
Other features, in the bank's words:
- Tap & Pay Set up mobile payment on your compatible devices with eligible ANZ cards so you can tap and pay
Fees, limits and who can open it
- monthly fee
- no monthly fee stated
- other fees named
- Overseas Transaction Fee (no amount in the feed)
- interest paid
- quarterly
- interest calculated
- daily
- open to
- personal customers
- pensioner
- open only to pension or allowance recipients
Who can open it, in the bank's own words:
- pension recipients only: Receive an eligible Centrelink pension or allowance or a Veterans' Affairs pension or allowance that is paid into the account: You must be an Australian resident with an Australian residential and mailing address.
- residency: You must be an Australian resident with an Australian residential and mailing address.
About this account
Offers affordable and convenient banking for recipients of eligible Centrelink or Veterans' Affairs pension or allowance.
Data
- ANZ's own page for this account.
- The bank's documents its product record links to: terms and conditions, fees, eligibility.
- Our verbatim snapshot of the bank's product record (source), as fetched on 22 October 2026.
- How often interest is paid comes from the bank's own page, not its product data, checked on 1 November 2026: "Interest is banded and paid quarterly."
- We read the bank's own page and terms against this page on 1 November 2026: pensioner-advantage, saving-transaction-products-tcs.pdf, personal-account-fees-charges.pdf; conditions they state and its feed does not are listed above.
/au/finance/savings-accounts/v1/brands/anz.json: this bank's accounts and every balance band as JSON; ANZ's page lists them.- The bank last updated this record on 8 October 2026. Rates are per annum as the bank states them; "stale" means the bank has not updated the record for over 60 days or since the latest cash rate change.
Other accounts at ANZ
- Business Online Saver savings account, 1.05% base at $50,000
- Online Saver savings account, 1.85% base at $50,000
- Progress Saver savings account, 4.25% conditional at $50,000
- Premium Cash Management Account cash management account, 0.05% base at $50,000
- SMSF Cash Hub Account cash management account, 2.80% base at $50,000
- V2 Plus cash management account, 4.60% base at $50,000
- Access Advantage transaction account
- Access Basicstale transaction account
- Business Essentials transaction account, 0.01% base at $50,000
- Business Extra transaction account
All of ANZ's accounts on its page, with its best rates per segment and rate kind, and every account at every bank.
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