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Pensioner deeming accounts
Pensioner deeming accounts are special accounts to anyone over 55 or on a government pension. The deeming rates are set by the commonwealth government and used to calculate income for pension and social benefits.
A guide to deeming calculation can be found on the Australian Govenrment Department of Human Services website.
Deeming accounts offer similar features to standard personal transaction accounts including cheque, ATM, internet and phone facilities.
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This article is over two years old, last updated on December 9, 2008. While RateCity makes best efforts to update every important article regularly, the information in this piece may not be as relevant as it once was. Alternatively, please consider checking recent savings accounts articles.
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