Pensioner Plus Account
An everyday account with tiered interest rates designed for persons 55 years or older, self funded retirees or pension recipients.
On this page
Details
| Field | Value |
|---|---|
| Base | 2.25% |
| Ongoing | 2.25% |
| Ongoing cap | $48.6K |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | 0 |
| Dep $/mth | - |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | - |
| Min age | 55 |
| Max age | - |
| Fee/mth | $5 |
Source: noren.com.au
Interest rates & fees
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Standard variable | 2.25% | This band only | First $48.6k |
| Standard variable | 3.65% | This band only | Over $48.6k |
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 Pensioner Plus Account.
- Interest calculated daily and paid monthly.
- No monthly deposit, growth, purchase or withdrawal-count qualification.
- Standard $5 membership-level monthly fee, debited to the primary account, not once per savings product. Waivers include qualifying membership age/tenure or combined balances maintained throughout the month, current $25,000 balance alone does not prove a waiver. Product page states $5,000 minimum, full terms say over $5,000, so exact waiver boundary is not inferred.
Fees
| Fee | Amount | Details |
|---|---|---|
| Monthly account fee | $5 | Monthly account fee. |
Source: noren.com.au
Showing reviewed fees only, other charges may apply
Rate history
| Observed | Base | Ongoing | Intro |
|---|---|---|---|
| 29 Oct 2026 | 2.25% | 2.25% | - |
Source: noren.com.au
Eligibility
- Age 55 or over.
- PERMANENT RESIDENT: You must be an Australian citizen or permanent resident
- Individual applicants only
- Age 55+ and receiving an eligible Government pension/allowance or a self-funded retiree. Current June 2026 terms supersede the exact obsolete source route for pension recipients age 18+.
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 31 Oct 2026.