Pensioner Security Account
One convenient account for your transaction and savings needs - for customers aged 55 and above.
- Base rate
- 2.85%
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable The interest rate that applies to any overdrawn amounts. This is calculated daily and charged quarterly. | 14.9% | — | — |
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable Paid on the portion of the balance that falls within each balance band. Rates are calculated daily and credited to your account quarterly in March, June, September and December. | 0.05% | Amount | every 3 months |
| Variable Paid on the portion of the balance that falls within each balance band. Rates are calculated daily and credited to your account quarterly in March, June, September and December. | 1.85% | Amount | every 3 months |
| Variable Paid on the portion of the balance that falls within each balance band. Rates are calculated daily and credited to your account quarterly in March, June, September and December. | 2.35% | Amount | every 3 months |
| Variable Paid on the portion of the balance that falls within each balance band. Rates are calculated daily and credited to your account quarterly in March, June, September and December. | 2.85% | Amount | every 3 months |
Fees
| Fee | Type | Amount |
|---|---|---|
| Unpaid cheque or debit fee When we dishonour a cheque or debit presented to us because there isn't enough money in your account. We may waive certain fees or charges at our discretion. The failure by us to charge any fee or charge does not constitute a waiver of that fee or charge in the future. | Event | $5.00 |
| Paper Transaction Listing Fee A fee charged when you ask us to give you a paper copy of transaction listings. | Event | $2.50 |
| Account Fee Charged monthly | Ongoing | $0.00 |
| Paper Statement Fee A fee charged when you ask us to give you a paper copy of past statements or ordered statements. | Event | $0.00 |
| Access fee - ASB Bank ATMs in NZ and overseas CommBank ATMs When you take money out at ASB ATMs in NZ or CommBank ATMs outside Australia.
| Withdrawal | $2.00 |
| Access fee - Other overseas cash and ATM withdrawals |
Features
- Card access — Debit Mastercard
- Use instore, online and withdraw local currency at millions of locations, everywhere Mastercard is accepted. Choose a Debit Mastercard with your CommBank account and pay for things using your card, smartphone or wearable. You may receive access to other features and benefits associated with your Debit Mastercard subject to eligibility, approval and terms and conditions.
- Additional cards
- We may limit the number of cards that may be issued or linked to a single account or customer profile.
- Bill payment (BPAY) — BPAY View
- See, track and easily pay your bills online in NetBank or on the go in the CommBank app.
- Card access — World Debit Mastercard
- World Debit Mastercard is a premium debit card that can be linked to your CommBank transaction account, and can be used everywhere Mastercard is accepted. Enjoy additional exclusive features and benefits with the World Debit Mastercard, subject eligibility, approval, and terms and conditions. Fees apply.
- Card access — Link to Existing Card
Eligibility
- Minimum age — 55 yearsYou must be at least 55 years old.
- Individuals onlyYou must be least 55 years old.
- For customers wanting to apply online, they will require an Australian residential address.
- Residency status — AUAustralian Resident
More Information
Published by CommBank under the Consumer Data Right · Last updated 16 July 2026 · Product ID 7375f63775b4489a890655e25395e12d · View on CDR.gov.au