---
title: "Pensioner Plus Account — Unity Bank"
description: "Transaction & Savings Accounts from Unity Bank. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/unity-bank/products/S12_PENSIONER_PLUS_ACCOUNT
source: "CDR Compare"
language: en-AU
last_updated: 2026-06-11T16:47:11.000+10:00
---

# Pensioner Plus Account — Unity Bank

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

**Transaction & Savings Accounts · UNITY BANK**

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

## At a glance

- **Base rate:** 3.65%

## Apply

Applications are handled by the provider: [Apply at Unity Bank](https://www.unity.bank/help/apply-online/apply-for-a-savings-account)

## Interest rates

| Type | Rate | Comparison | Applies to |
| --- | --- | --- | --- |
| Variable (The interest rate that applies to any overdrawn amounts. This is calculated daily and charged monthly.) | 17.5% | — | — |

## Deposit rates

| Type | Rate | Applies to | Interest paid |
| --- | --- | --- | --- |
| Variable (Tiered interest rates mean that the more money you contribute to the account, the higher rate of interest you can receive. Interest is calculated daily on the portion of the balance in each tier at the applicable interest rate and paid monthly. You can use this interest to grow your overall account balance or contribute towards your payments.) | 2.25% | Pensioner Plus Account_Tier_1 | monthly |
| Variable (Tiered interest rates mean that the more money you contribute to the account, the higher rate of interest you can receive. Interest is calculated daily on the portion of the balance in each tier at the applicable interest rate and paid monthly. You can use this interest to grow your overall account balance or contribute towards your payments.) | 3.65% | Pensioner Plus Account_Tier_2 | monthly |

## Fees

| Fee | Type | Amount |
| --- | --- | --- |
| MONTHLY_ACCOUNT_FEE — Charged monthly · 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 | Ongoing | $5.00 |
| EFTPOS_DECLINE_FEE — A fee charged if you don't have enough money in your account for an EFTPOS transaction | Transaction | $1.00 |
| ATM_INSUFFICIENT_FUNDS — A fee charged if you don't have enough money in your account for an ATM withdrawal | Transaction | $1.00 |
| OUTWARD_RTGS_PAYMENT_FEE — A Processing fee charged when you require funds to be sent straight away | Withdrawal | $30.00 |
| INWARD_RTGS_AND_SWIFT_PAYMENT_FEE — A processing fee charged when you receive funds through this channel | Deposit | $10.00 |
| PAPER_STATEMENT_FEE — Charged monthly · A fee charged to cover the cost of producing and sending paper statements | Ongoing | $2.00 |
| DORMANCY_FEE — Charged yearly · A fee charged if your account remains inactive for 7 years, and we will treat your account as dormant. We have a legal obligation to remit dormant balances exceeding $500 to ASIC as unclaimed money | Ongoing | $20.00 |
| DIRECT_DEBIT_HONOUR_FEE — A fee charged when you have insufficient funds in your account but we honour the transaction for you and overdraw your account | Payment | $15.00 |
| DIRECT_DEBIT_DISHONOUR_FEE — A fee charged when you have insufficient funds in your account and we are unable to honour the transaction for you | Transaction | $17.00 |
| QUICKDEBIT_DISHONOUR_FEE — A fee charged when you have insufficient funds in your account and we are unable to honour the Quick Debit transaction for you | Transaction | $20.00 |
| EMERGENCY_CASH/CARD_VISA_DEBIT — Third party fee charged when you need an emergency replacement card delivered to you (fee is charged at cost) | Cash advance | $0.00 |
| TELEGRAPHIC_TRANSFER_-_SERVICE_CENTRE — A fee charged for a staff assisted foreign transfer | Transaction | $30.00 |
| TELEGRAPHIC_TRANSFER_-_ONLINE — A fee charged for an online foreign transfer | Transaction | $20.00 |
| TELEGRAPHIC_TRANSFER_-_AUSTRALIAN — A fee charged for an online Australian transfer | Transaction | $50.00 |
| VISA_CASH_ADVANCE_FEE — A fee charged for cash advances and overseas transactions will attract an additional currency conversion fee | Transaction | $4.00 |
| FOREIGN_CHEQUE_DEPOSIT_UP_TO_$25,000 — A processing fee charged when you deposit foreign cheques up to $25,000 | Deposit | $20.00 |
| FOREIGN_CHEQUE_DEPOSIT_OVER_$25,000 — A processing fee charged when you deposit foreign cheques over $25,000 | Deposit | $50.00 |

## Features

- **Card access** (Our Visa Debit Card offers quick, secure and convenient access to your money in person, online, overseas and over the phone. Enjoy the convenience of paying directly from your account, with all of the security you'd expect from Visa.)
- **Unlimited transactions** (Unlimited electronic transactions available on your account)
- **PayID** (Get faster payments between participating banks, anytime with a Pay ID)
- **Real-time payments (NPP)**
- **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.**
- **Digital wallet** — Apple Pay
- **Digital wallet** — Google Pay
- **Digital wallet** — Samsung Pay
- **Fraud protection** (A range of security features and services provided, including fraud prevention technology and secure banking, to help keep your funds safe.)
- **Make free deposits and withdrawals through a Bank@Post facility at Australia Post outlets.**
- **Digital banking** (With PayTo, you can see, review and authorise all new PayTo payments for transactions such as recurring bills, memberships and subscriptions before the money leaves your account.)
- **Free transactions** — 9999999999 (Unlimited free electronic transactions available on your account)

## Eligibility

- **Pension recipients** (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.)
- **Minimum age** — 55 years
- **Residency status** — PERMANENT RESIDENT (You must be an Australian citizen or permanent resident)
- **Individuals only**

## More information from Unity Bank

- [Overview](https://www.unity.bank/savings/savings-accounts/pensioner-plus-account/)
- [Terms & conditions](https://www.unity.bank/reusable-documents/disclosure-documents/account-and-access-facility-conditions-of-use/)
- [Eligibility](https://www.unity.bank/reusable-documents/disclosure-documents/account-and-access-facility-conditions-of-use/)
- [Fees & pricing](https://www.unity.bank/help/rates-fees/)

## Data provenance

- Published by Unity Bank under the Consumer Data Right
- Product ID: `S12_PENSIONER_PLUS_ACCOUNT`
- Last updated by the provider: 11 June 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/unity-bank/S12_PENSIONER_PLUS_ACCOUNT
- Provider page: https://www.cdrcompare.au/brands/unity-bank
- CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000182

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/unity-bank/products/S12_PENSIONER_PLUS_ACCOUNT) — 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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