BankWAW WAW Pension Plus
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WAW Pension Plus is a savings account from BankWAW. At $50,000 it pays 1.20% 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 – $100,000stepped: paid on the part of the balance in this band | 1.20% |
| $100,000.01 – $250,000stepped: paid on the part of the balance in this band | 1.60% |
| $250,000.01+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 2026-06-01, 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
- you must be 55 or over and credit your Age Pension or superannuation directly to the account
Features
- card
- yes
- app
- yes
- Osko
- yes
- PayID
- yes
- BPAY
- yes
Fees, limits and who can open it
- monthly fee
- no monthly fee stated
- 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:
- age 55 and over
About this account
WAW Pension Plus
Data
- BankWAW's own page for this account.
- 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-plus, Interest-Rates, savings-transactions-tmds, BankWAW%20TMD%20S65%20-%20Pension%20Plus.pdf, fees-charges-savings-transaction; conditions they state and its feed does not are listed above.
/au/finance/savings-accounts/v1/brands/bankwaw.json: this bank's accounts and every balance band as JSON; BankWAW's page lists them.- The bank last updated this record on 1 June 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 BankWAW
- Star Saverstale savings account, 5.10% conditional at $50,000
- WAW Bonus Saverstale savings account, 5.20% conditional at $50,000
- WAW Business Saverstale savings account, 2.65% base at $50,000
- WAW Christmas Saverstale savings account, 2.90% base at $50,000
- WAW Club Community Saverstale savings account, 2.90% base at $50,000
- WAW Everyday Saverstale savings account, 2.90% base at $50,000
- WAW SMSF Saverstale savings account, 2.65% base at $50,000
- WAW Youth Saverstale savings account, 5.10% conditional at $50,000
- Money Managersstale cash management account, 2.00% base at $50,000
- Business Transact – Inactivestale transaction account, 0.01% base at $50,000
- Business Transact – WAW Business Transactstale transaction account, 0.01% base at $50,000
- Club and Community Transactstale transaction account, 0.01% base at $50,000
- Disability Supportstale transaction account, 0.01% base at $50,000
- Everyday Transactstale transaction account, 0.01% base at $50,000
- WAW Business Basicstale transaction account, 0.01% base at $50,000
- WAW Club and Community Transactstale transaction account, 0.01% base at $50,000
- Youth Transactstale transaction account, 0.01% base at $50,000
All of BankWAW's accounts on its page, with its best rates per segment and rate kind, and every account at every bank.
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