Unity Bank Pensioner Plus Account Summary
Description
An everyday account with tiered interest rates designed for persons 55 years or older, self funded retirees or pension recipients.
Benefits
- No monthly activity requirements for the ongoing rate.
Hoops
- Applicants must be at least 55.
- Monthly savings-account fee of $5.
- Ongoing rate cap: $48,600. See the rate breakdown for higher balances.
On this page
Details
Key details
| Product name | Unity Bank Pensioner Plus Account |
|---|---|
| Maximum variable rate | 2.25% p.a. |
| Ongoing interest rate | 2.25% p.a. |
| Base interest rate | 2.25% p.a. |
| Minimum age | 55 years |
Source: noren.com.au
All comparison details
| 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
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 2.25% p.a..
Full rate breakdown
| 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
Share/Export
This band only: the rate applies to the money within the listed balance range. Other portions earn their own rates.
Requirements
- 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
- Monthly account fee: $5
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with Unity Bank.
- 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+.
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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 and verified on 31 Oct 2026.