Pension Plus Transaction Account

Keep your retirement savings or pension income secure while earning a competitive interest rate with our Pension Plus transaction account.


  • Available for retired customers aged 55 years or older, or customers in receipt of an Australian Government pension
  • Competitive step-up interest rate 
  • $0 monthly account-keeping fees
  • Backed by the Government Deposit Guarantee for deposits up to $250,000
  • Get money out fee free at Heritage and big 4 Bank ATMs in Australia~
  • Open a Pension Plus transaction account at your local branch in Queensland and NSW

More features

Customer Owned Money Minder of the Year 2021.

The results are in! We are Money Magazine's Customer-Owned Money Minder of the Year 2021.


Interest Rate
$1 to $50,199
$50,200 or more
Step-up interest calculated on daily balances and paid monthly
Interest Rate
Interest Rate
Rates Effective From 12/10/2021


Monthly account-keeping fee

Transaction Type 

Fee Per Transaction

Direct credits and debits Free
Visa debit and Visa payWave  Free
Bank@Post Transactions  Free
Counter cash deposits, withdrawals, transfers and BPAY®  Free
Heritage ATM withdrawals, transfers and balance enquiries  Free
Cheque deposits  Free
Presented cheques 
Overseas ATM or counter withdrawals (Visa)  $5.00 plus overseas currency conversion fee
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