Aus Military Pension Access Account Summary
Description
Our Pension Access Account is specifically designed for those aged 55 and over who are receiving a Government pension. You can easily manage your pension and the interest you receive on your savings
Benefits
- No monthly savings-account fee.
- No monthly activity requirements for the ongoing rate.
- No upper balance cap in the reviewed ongoing pricing.
Hoops
- Applicants must be at least 55.
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Details
Key details
| Product name | Aus Military Pension Access Account |
|---|---|
| Maximum variable rate | 2.00% p.a. |
| Ongoing interest rate | 2.00% p.a. |
| Base interest rate | 2.00% p.a. |
| Minimum age | 55 years |
Source: noren.com.au
All comparison details
| Base | 2.00% |
|---|---|
| Ongoing | 2.00% |
| Ongoing cap | No cap |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | - |
| Dep $/mth | - |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | - |
| Min age | 55 |
| Max age | - |
| Fee/mth | $0 |
Source: noren.com.au
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 2.00% p.a..
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Standard variable | 2.00% | Whole balance | All balances |
Source: noren.com.au
Share/Export
Requirements
- Government pension must be directed to this account, deposit frequency/count is not inferred. Interest calculated daily and paid monthly. A separate $30 annual Visa Debit card fee can apply.
Fees
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with Aus Military.
- Australian citizen or permanent resident
- pension recipient
- Age 55 or over.
- Age 55+ and receiving a Government pension. Pension must be paid electronically into this account, after 12 months without pension deposits, the bank may convert the account/rate with notice.
- Australian citizenship or permanent residency. Membership is open beyond Defence personnel, the current membership FAQ confirms anyone may join.
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Sources & review
Noren aggregates information from multiple primary sources to ensure you're getting the most up-to-date, accurate information. All product information is peer reviewed.
Collected on 31 Oct 2026. Pricing verified on 27 Oct 2026.