Bank Australia Pension Access
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Pension Access is a savings account from Bank Australia. At $50,000 it pays 1.78% 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 |
|---|---|
| $0.01 – $4,999.99stepped: paid on the part of the balance in this band | 0.75% |
| $5,000 – $50,000stepped: paid on the part of the balance in this band | 1.90% |
| $50,001+stepped: paid on the part of the balance in this band | 2.15% |
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.
The feed states a minimum balance of $0.01.
Conditions
- not updated by the bank since 2026-10-14, 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
- the feed lists several base rates for one balance; the lowest is shown, up to 2.15% (Interest rate is variable, calculated daily on whole of balance within each interest tier and credited quarterly.)
- no longer for sale to new customers since 1 May 2026; existing customers only
Features
- card
- Visa Debit Card
- app
- yes
- Osko
- yes
- PayID
- yes
- PayTo
- yes
- BPAY
- yes
- notifications
- yes
- transactions
- unlimited
- round-ups
- yes
- wallets
- Google, Samsung and Apple Pay available
- joint accounts
- yes
Other features, in the bank's words:
- Card Controls: Decide the features you want enabled on your card including card lock, digital wallet, pay wave, international transactions, ATM withdrawals or online/instore transactions and simply switch them on or off from your App or Internet Banking.
- Round Up: When you make a transaction with your Visa debit card, you can decide whether you want the amount to be rounded to the nearest whole dollar amount, with the round up being credited from this account into your nominated Savings account or Credit Card.
- Bank@Post: Customers with a Bank Australia Visa debit card can make cash deposits up to $9,999.95 per day.
- PayTo Payments: You can make recurring and one-off payments with any participating PayTo merchant, business or service provider and keep track of all the payments in the Bank Australia app or Internet Banking.
Fees, limits and who can open it
- monthly fee
- $0
- other fees named
- International transaction fee (ITF), Debit interest charge rate (no amount in the feed)
- minimum balance
- $0.01
- interest paid
- quarterly
- interest calculated
- daily
- age
- ages 18 and over
- open to
- personal customers
- pensioner
- open only to pension or allowance recipients
- existing customers
- existing customers only
Who can open it, in the bank's own words:
- Only one Pension Access account is allowed per customer, solely or jointly owned
- Personal, Joint and Trust
- pension recipients only: Available to customers who are in receipt of an aged, disability or veteran government pension.
- residency: Must be an Australian citizen, permanent resident or have a valid Visa.
About this account
A flexible transaction account for those on an aged, veterans or disability pension.
Data
- Bank Australia'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, no-longer-for-sale, Savings_and_Term_Deposit_Interest_Rate_schedule, Summary_of_Accounts; conditions they state and its feed does not are listed above.
/au/finance/savings-accounts/v1/brands/bank-australia.json: this bank's accounts and every balance band as JSON; Bank Australia's page lists them.- The bank last updated this record on 14 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 Bank Australia
- Bonus Saverstale savings account, 5.35% conditional at $50,000
- Christmas Saverstale savings account, 2.25% base at $50,000
- Commercial Saverstale savings account, 1.95% base at $50,000
- mySaverstale savings account, 5.35% conditional at $50,000
- Online Saverstale savings account, 4.60% base at $50,000
- Basic Accessstale transaction account, 0.00% base at $50,000
- Commercial Accessstale transaction account, 0.00% base at $50,000
- Community Accessstale transaction account, 1.50% base at $50,000
- Everyday Accessstale transaction account, 0.05% base at $50,000
All of Bank Australia's accounts on its page, with its best rates per segment and rate kind, and every account at every bank.
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