At a glance

$ 0 
Account maintenance fees
0.65 %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, EFTPOS, cheque book and BPAY.

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.    

Secure deposits

All deposits up to $250,000 are protected by the Federal Government’s deposit guarantee, so your savings are secure with us.#

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

0.00

2,000 – 45,400

0.25

45,401 and over

0.65

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

 

 

Applicable Fee

Account Maintenance Fee

Nil

Monthly Card Fee (Visa Debit) $1

BOQ ATM/EFTPOS fees

Free

Internet Banking Funds Transfers to your BOQ Account or BPAY

Free

Teller Withdrawals Free
Cheques Written Free

Single Pay Anyone

(Third party BOQ account or other financial institution transfer)

Free

* Other fees (including other bank ATM and International Transaction fees) and charges may be payable. Please view the Personal Banking Guide to Fees and Charges for more details.

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

We can also help you with:

EARN BONUS INTEREST VARIABLE RATE FOR NO MORE THAN 1 WITHDRAWAL

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.

  • Make one withdrawal a month and still earn Bonus Interest variable rate
  • No minimum balance to start earning interest
  • No monthly account maintenance fees

GET REWARDED WITH BONUS INTEREST

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. Make one withdrawal a month and still earn Bonus Interest variable rate.

  • Start earning high interest from the first dollar
  • Deposit only access for the linked child
  • Manage the account on your internet banking