Pension Plus
An everyday savings account tailored for retirees
On this page
Details
| Field | Value |
|---|---|
| Base | 4.35% |
| Ongoing | 4.35% |
| Ongoing cap | $51.8K |
| 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
Interest rates & fees
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Standard variable | 4.35% | This band only | First $51.8k |
| Standard variable | 4.65% | This band only | Over $51.8k |
Source: noren.com.au
This band only: the rate applies to the money within the listed balance range. Other portions earn their own rates.
Rate requirements
For Pension Plus.
- Advertised standard personal AUD savings pricing, calculated daily. No separate introductory rate. Optional transaction/service fees may apply.
- No minimum balance or monthly activity requirement. Interest uses the part-balance method across the $51,800 boundary and is paid on 30 June and 31 December, despite the source monthly frequency.
Fees
| Fee | Amount | Details |
|---|---|---|
| Monthly account fee | $0 | Monthly account fee. |
Source: noren.com.au
Showing reviewed fees only, other charges may apply
Rate history
| Observed | Base | Ongoing | Intro |
|---|---|---|---|
| 29 Oct 2026 | 4.35% | 4.35% | - |
Source: noren.com.au
Eligibility
- BankVic membership required: eligible police, emergency-services, health or government workers, and eligible family members. Australian citizens or residents can apply, the current membership page corrects the CDR’s citizen-only wording.
- Membership requires a refundable $10 share, separate from the savings account’s $0 monthly account fee.
- Must receive an Australian government pension from Centrelink or the Department of Veterans’ Affairs. No universal numeric minimum age is inferred from pension eligibility.
Similar products
Tools & support
Things you should know
- Check withdrawal access, linked-account requirements and transaction timing with the provider.
- Introductory and ongoing offers may have different eligibility and balance limits.
Collected on 30 Oct 2026. Pricing verified on 28 Oct 2026.