Bank First Pension Account Summary
Description
Pension Account
Benefits
- No monthly savings-account fee.
- No monthly activity requirements for the ongoing rate.
- No upper balance cap in the reviewed ongoing pricing.
Hoops
- Check the provider’s eligibility, linked-account terms and other service charges.
On this page
Details
Key details
| Product name | Bank First Pension Account |
|---|---|
| Maximum variable rate | 3.65% p.a. |
| Ongoing interest rate | 3.65% p.a. |
| Base interest rate | 3.65% p.a. |
| Minimum age | - |
Source: noren.com.au
All comparison details
| Base | 3.65% |
|---|---|
| Ongoing | 3.65% |
| Ongoing cap | No cap |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | 0 |
| Dep $/mth | - |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | - |
| Min age | - |
| 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: 3.65% p.a..
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Standard variable | 3.65% | This band only | All balances |
Source: noren.com.au
Share/Export
This band only: the rate applies to the money within the listed balance range. Other portions earn their own rates.
Requirements
- No monthly deposit, growth, purchase or withdrawal-count qualification. Interest is calculated on daily opening balances and paid quarterly.
Fees
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with Bank First.
- Available to customers in receipt of Government pension from Centrelink or the Department of Veterans' Affairs. : Available to members only.
- Only a recipient of government pension may apply for the product
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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.