Pension Plus Account
Easy banking with our retirement savings account
At a glance
$
0
Account maintenance fees
1.80
%P.A.
On balances over $45,401
FREE
Deposits and withdrawal transactions
Why choose our Pension Plus Account
With no account fees or penalties and easy access to your money, our pension account may be perfect for your everyday banking*
No deposit or withdrawal limits
Eligible pensioners can make deposits and withdrawals without limits or penalties, without any account maintenance and transaction fees.
Earn interest
Receive interest on your balance, which is deposited to your pension account each month.
Easy access
Access your money in-branch, via ATM, Internet Banking and EasyPhone Banking, EFTPOS, cheque book, BPAY and Bank@Post.
Visa Debit Card
Worldwide card acceptance with a Visa Debit Card.
Just for pensioners
Available for pensioners with a Commonwealth Government Pensioners Concession Card or Seniors Health Card.
Earn interest on your balance
Receive interest on your balance, which is deposited to your pension account each month. Interest is calculated daily and paid monthly
| Amount $ | Interest rate % p.a. |
|---|---|
0 – 1,999 |
0.25 |
2,000 – 45,400 |
1.15 |
45,401 and over |
1.80 |
Interest is calculated on the daily closing balance of a Pension Plus Account using a stepped rate of interest. This means that different rates of interest apply to different parts of the account balance. Please refer to section 2.10 of the Deposit Products Terms and Conditions for further information, including worked examples.
Federal Government Deeming Rates are taken into consideration to set the stepped interest rates on your Pension Plus Account, however BOQ's interest rates may not match the Federal Government Deeming Rates.
Fees
At BOQ we keep our fees to a minimum. Any fees we do have we’ll show you up front so there are no surprises.
| Fee type | Fee amount |
|---|---|
Account Maintenance Fee |
Nil |
Monthly Card Fee (Visa Debit) |
$1 |
Teller Withdrawals |
Free |
Cheques Written |
Free |
BOQ Balance Enquiry |
Free |
BOQ ATM/EFTPOS fees |
Free |
Other Bank ATM Withdrawal |
Free |
BPAY |
Free |
Funds Transfer |
Free |
Single/Multi pay anyone |
Free |
Fees and charges may apply for the use of other bank ATMs and overseas ATMs.
Important information
For important information on the Pensioner Bank Account, view the Terms and Conditions.
Ready to apply?
Step 1.
You will need the following for your application:
- Commonwealth Government Pensioners Concession Card or Seniors Health Card
- Minimum initial deposit of $500
Step 2.
Visit a branch to apply for a Pension Plus Account
- Come in and see us
Find your nearest branch - Call us on 1300 55 72 72
We can also help you with:
Earn bonus interest on our interest earning savings account
Bonus Interest Savings Account
Whether you're saving for a new purchase, a house deposit, a new baby or something else, our Bonus Interest Savings Account will help you reach your savings goal faster. Terms and conditions apply, view Bonus Interest Savings Account for details.
- Make one withdrawal a month and still earn bonus interest
- No minimum balance to start earning interest
- No monthly account maintenance fees
Teach kids to save with BOQ’s Kids Savings Account
Kids Savings Account
It’s never too early to teach kids to save! Encourage the right saving behaviour for children under 14 with a children's savings account held in their name. Terms and conditions apply.
- Start earning high interest from the first dollar
- Deposit only access for the linked child
- Manage the account on your internet banking
