Capital Guaranteed Pension Account
Capital Guaranteed Pension account is a complying account based pension. Account based pensions are designed to convert your accumulated superannuation into a tax effective income stream. This income is paid into your nominated bank account. The minimum amount you draw from your pension account each year is subject to a pension factor set by the Government and other Government prescribed pension standards.
- Fixed rate
- 5.4%
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Fixed | 3.55% | Tier 1 | every 36 months |
| Variable Base rate | 0.25% | Tier 1 | monthly |
| Variable 10K plus | 0.25% | Tier 2 | monthly |
| Fixed Maximum rate | 5.4% | Tier 1 | every 12 months |
| Fixed | 3.55% | Tier 1 | every 24 months |
Fees
| Fee | Type | Amount |
|---|---|---|
| Early termination of fixed rate When you break the fixed term, penalty interest will be paid for the period from investment date to redemption date. Penalty interest is the lowest variable interest rate at the time of termination. | Event | From ¤0.00 |
| Administration fees Charged monthly · Deducted from variable interest option | Ongoing | $5.00 |
Eligibility
- Pension recipients
- You can commence a Capital Guaranteed Pension if you have immediate access to your superannuation funds. This means you have met one of the conditions of release, such as: • You are under age 60 and have reached your preservation age and have retired permanently from the workforce; • you are aged 65 or older; or • you have selected the ‘Transition to Retirement’ option.
- Residency status — Australian citizen, NZ citizen or permanent resident of Australia
- Minimum age — 18 years
Constraints
- Opening balance — $50,000.00Minimum opening investment $50,000
- Minimum balance — $20,000.00Minimum opening balance for fixed product
More Information
Published by Australian Military Bank under the Consumer Data Right · Last updated 31 May 2026 · Product ID cc36cf83-266d-4537-8c71-325313bf07c4 · View on CDR.gov.au