Bank of us Pension Advantage

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Pension Advantage is a savings account from Bank of us. At $50,000 it pays 2.30% p.a. with no bonus conditions.

Rate tiers

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

Each rate is paid on the whole balance: the balance falls into one band and earns that band's rate.

The feed states a minimum balance of $1.

Conditions

• not updated by the bank since 2026-11-02, 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

Features

card

yes

app

yes

Osko

yes

PayID

yes

wallets

Apple Pay, Google Pay

joint accounts

yes

Fees, limits and who can open it

monthly fee

no monthly fee stated

other fees named

OVERSEAS_CARD_TRANSACTION_FEE, OVERDRAWN_ACCOUNT_DEBIT_INTEREST, OVERSEAS_CARD_TRANSACTION_FEE (no amount in the feed)

minimum balance

$1

interest paid

monthly

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: To be eligible for the Pension Advantage product you must receive an Aged, Australian War Veterans or Disability Pension from the Department of Social Security (Centrelink) or Department of Veteran Affairs and be a holder of a current Pensioner Concession Card or Repatriation Health Card. For joint accounts, at least one of the account holders must satisfy this criteria to be eligible.

About this account

If you receive a pension and need an everyday account, then the Pension Advantage delivers you the freedom to bank how and when you want and the ability to minimise or avoid transaction fees altogethe

Data

• Bank of us'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 5 November 2026.
• We read the bank's own page and terms against this page on 1 November 2026: pension-advantage, everyday-and-savings-interest-rates, bankofus.com.au, Fees-and-Charges-Schedule-1-July-2021.pdf, savings-rate-update-2; conditions they state and its feed does not are listed above.
• /au/finance/savings-accounts/v1/brands/bank-of-us.json: this bank's accounts and every balance band as JSON; Bank of us's page lists them.
• The bank last updated this record on 2 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 Bank of us

• BUSINESS iCASHstale savings account, 1.20% base at $50,000
• Save Upstale savings account, 5.30% conditional at $50,000
• Spring Loadstale savings account, 5.50% conditional at $50,000
• Stash N Splashstale savings account, 3.25% conditional at $50,000
• Super Advantagestale savings account, 1.75% base at $50,000
• Business Advantagestale transaction account
• Community Advantagestale transaction account
• Go tostale transaction account
• One for Allstale transaction account
• One for All - Businessstale transaction account

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