Pension Plus
A high interest account for retired members or members with an eligible pension card.
On this page
Details
| Field | Value |
|---|---|
| Base | 1.36% |
| Ongoing | 1.36% |
| Ongoing cap | Tiered |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | - |
| Dep $/mth | - |
| Growth/mth | - |
| Buys/mth | - |
| 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 | 0.00% | This band only | First $5k |
| Standard variable | 1.70% | This band only | Over $5k to $50k |
| Standard variable | 3.10% | This band only | Over $50k |
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.
- Interest calculated daily and paid monthly. No fixed monthly account-keeping fee. Non-standard service charges can apply.
- Rates apply to separate portions of the balance, with boundaries at $5,000 and $50,000. Unlimited free everyday transactions and no minimum deposit or opening balance. No monthly deposit, growth or purchase interest test.
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 |
|---|---|---|---|
| 31 Oct 2026 | 1.36% | 1.36% | - |
Source: noren.com.au
Eligibility
- QBANK membership is restricted. Eligible groups include current or former Queensland police, health, ambulance, fire, corrective services, police union and Police Youth Club employees or volunteers, QBANK and Australian Federal Police employees, local, state or federal government employees residing in Queensland, and people engaged in justice, protection of life or property or related community services. Members of mutual banks established for police, armed services or customs and border protection employees can also qualify. A spouse, parent, child or sibling of a current or former QBANK member can qualify. Confirm your eligibility with QBANK.
- Either aged 55 or older and retired, or hold an eligible Disability Support, Veteran Affairs or Age Pension card. A copy of the card must be provided. Card-based eligibility has no universal minimum age established, so the numeric age field remains unknown.
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 29 Oct 2026.