Pension Plus
Transaction & Savings AccountsData Sharing Status
An everyday savings account tailored for retirees
- Base rate
- 4.4%
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable | 4.1% | Pension Plus_Tier_1 | monthly |
| Variable | 4.4% | Pension Plus_Tier_2 | monthly |
Fees
| Fee | Type | Amount |
|---|---|---|
| DIRECT_DEBIT_DISHONOUR_FEE Insufficient Funds in account | Event | $9.00 |
| EXPRESS_POSTAGE_FEE | Event | $7.50 |
| PERSONAL_CHEQUE_BOOK_FEE | Upfront | $10.00 |
| ARCHIVED_RECORDS_UP_TO_30_DAYS_SINCE_TRANSACTION Fee applies to each record | Event | $6.00 |
| ARCHIVED_RECORDS_30-90_DAYS_SINCE_TRANSACTION Fee applies to each record | Event | $7.50 |
| ARCHIVED_RECORDS_OVER_90_DAYS_SINCE_TRANSACTIO Fee applies to each record | Event | $10.00 |
| MISCELLANEOUS_FEES $50 per transaction and $15 per charge for services not otherwise provided in this guide. We will seek your permission before proceeding. | Event | $50.00 |
Features
- Digital banking
- Bank 24/7 wherever you are and whenever you want with BankVic mobile and internet banking
- Unlimited transactions
- Digital banking
- Bank 24/7 wherever you are and whenever you want with BankVic mobile and internet banking
- PayID
- PayID is the new way to make online payments that's faster, easier, smarter and more secure. A PayID is a smart address for payments which is securely linked to a bank account. It can be an email address or mobile phone number. Your PayID makes life much easier as you won't need to remember your BSB and account number anymore. Then when someone needs to pay you, you simply give them your PayID.
- Real-time payments (NPP)
- Osko (NPP Faster Payment) is utilised across participating banks and financial institutions with funds received within seconds. You can use up to 280 characters to describe an Osko transaction. Plus you ll see the description instantly in your transaction record. Now that s a better way to understand your payments.
- Bill payment (BPAY)
Eligibility
- Pension recipientsReceive Australian government pension from Centrelink or the Department of Veteran Affairs
- Residency statusAustralian citizen
More Information
Published by BankVic under the Consumer Data Right · Last updated 31 May 2026 · Product ID S10_Savings_Pension · View on CDR.gov.au