Australian Military Bank Pension Access Account

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Pension Access Account is a savings account from Australian Military Bank. It pays 2.00% p.a. with no bonus conditions.

Rate tiers

Every balance band in the bank's feed: base is the rate the bank pays.

One rate on every balance, with no upper limit.

Conditions

• not updated by the bank since 2026-09-14, 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
• must be aged 55 and over and receive a Government pension
• the pension must be paid into the account electronically; if it is not for 12 months the account loses the pension rate and is converted to an ordinary savings account

Features

card

Visa Debit

app

yes

PayID

yes

BPAY

yes

notifications

yes

wallets

Apple Pay, Google Pay, Samsung Pay. Garmin Pay, Fitbit Pay

Other features, in the bank's words:

• Tiered interest rate

Fees, limits and who can open it

monthly fee

no monthly fee stated

other fees named

Bank@Post cheque dishonour fee, Bank@Post cheque dishonour fee, EFTPOS dispute fee, Foreign Currency Conversion fee, Archive retrieval fee, Foreign Cash (no amount in the feed)

interest paid

monthly

interest calculated

daily

age

ages 55 and over

open to

personal customers

age limited

open only to people of certain ages (kids, youth or seniors accounts)

pensioner

open only to pension or allowance recipients

Who can open it, in the bank's own words:

• residency: Australian citizen or permanent resident
• age 55 and over

About this account

Our Pension Access Account is specifically designed for those aged 55 and over who are receiving a Government pension. You can easily manage your pension and the interest you receive on your savings

Data

• Australian Military Bank'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.
• We read the bank's own page and terms against this page on 1 November 2026: pension-access-account, australianmilitarybank.com.au, australianmilitarybank.com.au; conditions they state and its feed does not are listed above.
• /au/finance/savings-accounts/v1/brands/australian-military-bank.json: this bank's accounts and every balance band as JSON; Australian Military Bank's page lists them.
• The bank last updated this record on 14 September 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 Australian Military Bank

• Christmas Clubstale savings account, 2.00% base at $50,000
• DIY Super Saverstale savings account, 4.35% base at $50,000
• Online Saver savings account, 5.10% conditional at $50,000
• Recruit Salary Saverstale savings account, 2.00% base at $50,000
• Access Accountstale transaction account, 0.01% base at $50,000
• Military Clubs Accountstale transaction account, 0.01% base at $50,000
• Military Kids Account transaction account, 0.01% base at $50,000
• Military Rewards Accountstale transaction account, 0.01% base at $50,000

All of Australian Military Bank's accounts on its page, with its best rates per segment and rate kind, and every account at every bank.