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- Pensioner Security Account
Pensioner Security Account
- App banking
- Online banking
Maximum rate p.a.
0.05%
Base rate p.a.
0.05%
Pensioner Security Account
- App banking
- Online banking
Maximum rate p.a.
0.05%
Base rate p.a.
0.05%
Pros and Cons
For Pensioner Security Account
Benefits
- Better than average maximum interest rate
- No ongoing account fees
Drawbacks
Commonwealth Bank Rate Savings Account overview
For Pensioner Security Account
Account Details
Maximum rate p.a.
0.05%
Minimum age restrictions
18
Base rate p.a.
0.05%
Maximum age restrictions
Maximum rate condition
Not applicable
Minimum opening deposit
$1
Interest calculation method
Tiered
Target Market Determination
Visit Commonwealth Bank of Australia to view Target Market Determination.
Features
Joint application available
Is online only
Linked account required
Methods of Access
Internet facility
ATM access
Phone facility
Eftpos facility
Branch access
App
App only
Fees
Account keeping fees
Eftpos fee
$0
ATM withdrawal fee
$0
Overseas eftpos fee
$0
Internet transaction fee
$0
Over the counter deposit fee
$0
Phone transaction fee
$3
Over the counter withdrawal fee
$3
Other Restrictions
You can apply for a Pensioner Security Account if you: Are retired and at least 55 years old; or are at least 18 years old and receive an eligible pension
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Maximum rate p.a.
5.00%*
Base rate p.a.
0.05%
Reward Saver
Real Time Rating™
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Maximum rate p.a.
5.25%
intro 4 months then 3.25%*
Base rate p.a.
Not Applicable
Westpac Life - 18 to 29 years old
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Maximum rate p.a.
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Base rate p.a.
2.00%
Savings Maximiser
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Maximum rate p.a.
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Base rate p.a.
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Product data updated on 28 Apr 2024