BankVic Pension Plus Summary
Description
An everyday savings account tailored for retirees
Benefits
- No monthly savings-account fee.
- No monthly activity requirements for the ongoing rate.
Hoops
- Ongoing rate cap: $51,800. See the rate breakdown for higher balances.
On this page
Details
Key details
| Product name | BankVic Pension Plus |
|---|---|
| Maximum variable rate | 4.35% p.a. |
| Ongoing interest rate | 4.35% p.a. |
| Base interest rate | 4.35% p.a. |
| Minimum age | - |
Source: noren.com.au
All comparison details
| 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
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 4.35% p.a..
Full rate breakdown
| 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
Share/Export
This band only: the rate applies to the money within the listed balance range. Other portions earn their own rates.
Requirements
- 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
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with BankVic.
- 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.
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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 28 Oct 2026.