---
title: "Pensioner Security Account — CommBank"
description: "Transaction & Savings Accounts from CommBank. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/commbank/products/7375f63775b4489a890655e25395e12d
source: "CDR Compare"
language: en-AU
last_updated: 2026-08-29T07:00:15.000Z
---

# Pensioner Security Account — CommBank

> Transaction & Savings Accounts from CommBank. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare.

**Transaction & Savings Accounts**

One convenient account for your transaction and savings needs - for customers aged 55 and above.

## At a glance

- **Base rate:** 2.85%

## Apply

Applications are handled by the provider: [Apply at CommBank](https://www.commbank.com.au/banking/pensioner-security.html#apply)

## 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 $0–$9,999.99 | 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 $10,000–$49,999.99 | 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 $50,000–$249,999.99 | 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 $250,000+ | 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. · Discount −$2.00 — When you make an international purchase, or withdraw cash at an ATM overseas using an eligible World Debit card, the access fee will be $0. (eligibility: Other: Where you withdraw cash using an eligible World Debit Mastercard, the access fee will be $0.) | Withdrawal | $2.00 |
| Access fee - Other overseas cash and ATM withdrawals — Any other cash withdrawals overseas will incur a $5.00 fee plus 3.5% of the transaction value. · Discount −3.5% of transaction — When you make an international purchase, or withdraw cash at an ATM overseas using an eligible World Debit card, the access fee will be $0. (eligibility: Other: Where you withdraw cash using an eligible World Debit Mastercard, the access fee will be $0.) | Withdrawal | 3.5% of transaction |
| Access fee - Overseas purchases — Purchases made overseas or in Australia (e.g. online), where the merchant is located overseas or the financial institution or entity processing transaction is located overseas. · Discount −3.5% of transaction — When you make an international purchase, or withdraw cash at an ATM overseas using an eligible World Debit card, the access fee will be $0. (eligibility: Other: Where your international purchases are made using an eligible World Debit Mastercard, the access fee will be $0.) | Purchase | 3.5% of transaction |
| Staff assisted withdrawals — There is no charge when you take money out at a CommBank branch, a post office, agency, with telephone banking if using an operator or by cashing a cheque. | Withdrawal | $0.00 |
| Cheque negotiated fee — When you write a cheque that needs to be negotiated through the clearing system. · Discount −$3.00 — We won't charge you a cheque negotiated fee. (eligibility: Other: You have a disability that requires you to use a branch (visit a branch to apply), then we won't charge you a cheque negotiated fee.) | Transaction | $3.00 |
| Monthly card fee — A monthly card fee for Debit Mastercard holders with an approved World Debit Mastercard. | Event | $10.00 |

## 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
- **Securely lock your debit card in the CommBank app when you need to. And unlock it again when you don't.**
- **CommBank Yello provides benefits for eligible CommBank customers, subject to terms and conditions.**
- **Access a range of travel benefits through Travel Booking (provided by Hopper) for eligible customers.**
- **Digital banking** (Wherever you are in the world, CommBank gives you the choice and control to securely manage all of your accounts on a range of devices, the way you want.)
- **Digital wallet** — Apple Pay (Pay with your Apple(TM) device using Apple Pay.)
- **Digital wallet** — CommBank Tap and Pay (Pay with your Android(TM) phone using the CommBank app.)
- **Digital wallet** — Fitbit Pay (Pay with your Fitbit(TM) smartwatch using Fitbit Pay.)
- **Digital wallet** — Garmin Pay (Pay with your Garmin(TM) smartwatch using Garmin Pay.)
- **Digital wallet** — Google Pay (Pay with your Android(TM) device using Google Pay.)
- **Digital wallet** — Samsung Pay (Pay with your Samsung(TM) device using Samsung Pay.)
- **PayID** (Get faster payments between participating banks, anytime with a PayID.)
- **Real-time payments (NPP)** (Pay and receive near real-time payments.)
- **You are not required to have a card to use this product.**
- **Manage payments from your bank account using PayTo.**
- **Use QR Cardless to withdraw cash or deposit notes, coins and cheques (subject to product eligibility) by using the latest version of the CommBank app to scan a QR code at a compatible CommBank ATM.**
- **Unlimited transactions** (Unlimited CommBank electronic transactions.)

## Eligibility

- **Minimum age** — 55 years (You must be at least 55 years old.)
- **Individuals only** (You must be least 55 years old.)
- **For customers wanting to apply online, they will require an Australian residential address.**
- **Residency status** — AU (Australian Resident)

## More information from CommBank

- [Overview](https://www.commbank.com.au/banking/pensioner-security.html)
- [Terms & conditions](https://www.commbank.com.au/content/dam/commbank/personal/apply-online/download-printed-forms/SavingsInvestment_ADB2852.pdf)
- [Eligibility](https://www.commbank.com.au/banking/pensioner-security.html#apply)
- [Fees & pricing](https://www.commbank.com.au/banking/pensioner-security.html#rates)

## Data provenance

- Published by CommBank under the Consumer Data Right
- Product ID: `7375f63775b4489a890655e25395e12d`
- Last updated by the provider: 29 August 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/commbank/7375f63775b4489a890655e25395e12d
- Provider page: https://www.cdrcompare.au/brands/commbank
- CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000008

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/commbank/products/7375f63775b4489a890655e25395e12d) — product data published by Australian data holders under the Consumer Data Right. Not financial advice; no rankings, recommendations or affiliate relationships. Always confirm details with the provider.

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