Unity Bank Pensioner Plus Account

savings accountage limitedpensionerstale

Pensioner Plus Account is a savings account from Unity Bank. At $50,000 it pays 2.64% p.a. with no bonus conditions.

Rate tiers

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

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 2026-11-02, 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

PayTo

yes

transactions

unlimited

wallets

Apple Pay, Google Pay, Samsung Pay

Other features, in the bank's words:

• Backed by the Government Deposit Guarantee for deposits up to $250,000
• Securely lock your debit card in the Mobile App while you look for it and unlock it again when you find it
• Cards made from 82% recycled PVC
• Find the digital version of your card via the Mobile App before your physical card arrives in the mail.
• Make free deposits and withdrawals through a Bank@Post facility at Australia Post outlets.

Fees, limits and who can open it

monthly fee

$5; the bank's words on who does not pay it: Members are exempt from the monthly fee if they: A) Maintain a minimum business balance of $5,000 which is the combined balance of all deposits & borrowings, at all times throughout the month B) Under 25 years or over 65 years C) Held their membership for less than 3 months D) Have zero VISA debit transactions for the month including ATM, eftpos, paywave, digital wallet, online and phone purchases

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:

• pension recipients only: You must be retired and at least 55 years old, or receiving an eligible pension and at least 18 years old. Eligible pensions or allowances include: Aged pension; Disability Support pension; Carer's pension; Wife's pension; Widow's pension; Veteran's pensions; Mature Age allowance.
• age 55 and over
• residency: You must be an Australian citizen or permanent resident

About this account

An everyday account with tiered interest rates designed for persons 55 years or older, self funded retirees or pension recipients.

Data

• Unity 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 5 November 2026.
• /au/finance/savings-accounts/v1/brands/unity-bank.json: this bank's accounts and every balance band as JSON; Unity Bank'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 Unity Bank

• Bonus Saver Accountstale savings account, 4.85% conditional at $50,000
• Christmas Saver Accountstale savings account, 1.10% base at $50,000
• MoneyMAXstale savings account, 4.75% base at $50,000
• Self-Managed Superfund Accountstale savings account, 3.25% base at $50,000
• Access Accountstale transaction account, 0.00% base at $50,000
• BusiAccessstale transaction account, 0.00% base at $50,000

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