Australian Mutual Bank Pension Advantage Account

savings accountoccupation membershippensionerterms checked

Pension Advantage Account is a savings account from Australian Mutual Bank. It pays 3.50% 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

• open only to pension or allowance recipients
• Membership limited to current or retired employees of the Australian education sector or family members of members (i.e. shareholders) of the Bank (the lender's words)
• open to recipients of a Department of Family and Community Services or Veterans' Affairs pension or allowance; a state superannuation pension does not qualify

Features

card

Visa Debit with payWave

app

yes

Osko

yes

PayID

yes

BPAY

yes

notifications

yes

transactions

unlimited

wallets

Apple Pay, Google Pay, Samsung Pay

Other features, in the bank's words:

• Our sweep service automatically transfers funds from certain savings accounts to cover most transactions which would otherwise exceed your transaction account's available balance.
• Make deposits and withdrawals through a Bank@Post facility at Australia Post outlets. For full details refer to our Conditions of Use. Fees and charges apply.

Fees, limits and who can open it

monthly fee

no monthly fee stated

other fees named

INTERNATIONAL_CONVERSION_FEE (no amount in the feed)

interest paid

monthly

interest calculated

daily

open to

personal customers

occupation membership

open only to people in certain occupations, or the lender takes members only from them

pensioner

open only to pension or allowance recipients

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

• You must be a member. Membership is open to current or retired employees of the Australian education sector or family members of members (i.e. shareholders) of the Bank.
• residency: Individuals must be citizens or permanent residents of Australia.

About this account

An account for members receiving a pension or allowance from Centrelink or Veteran Affairs.

Data

• Australian Mutual 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 12 November 2026.
• We read the bank's own page and terms against this page on 1 November 2026: pension-advantage, fees-and-charges, conditions-of-use-accounts-and-access, become-a-member; conditions they state and its feed does not are listed above.
• /au/finance/savings-accounts/v1/brands/australian-mutual-bank-ltd.json: this bank's accounts and every balance band as JSON; Australian Mutual Bank's page lists them.
• The bank last updated this record on 12 November 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 Mutual Bank

• Business Saver Account savings account, 2.95% base at $50,000
• Essential Saver Account savings account, 5.50% base at $50,000
• Momentum Saver Accountstale savings account, 5.35% conditional at $50,000
• Starter Saver Account savings account, 5.75% base at $50,000
• Edvest Cash Management Account cash management account, 1.50% base at $50,000
• Everyday Business Accountstale transaction account, 0.01% base at $50,000
• Everyday Direct Accountstale transaction account, 0.00% base at $50,000

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