Bank First Pension Account
![Bank First Pension Account](https://www.finder.com.au/global/images/providers/bank-first-logo1-140px.png)
- Maximum variable rate
- 3.40% p.a.
- Base interest rate
- 3.4%p.a.
- Minimum deposit
- $0
Summary
A convenient, everyday account designed for those receiving a government pension.
Looking for a hassle-free way to manage their money? If you’re receiving a government pension from Centrelink or the Department of Veterans’ Affairs and looking for an easy way to manage your day-to-day finances, this account could be an ideal fit for you. It offers a competitive, tiered interest rate from 3.4% - 3.4% meaning the more you save, the more you’re rewarded, with Interest calculated daily.
Pros
-
Earn competitive interest while enjoying the flexibility and benefits of transaction account
-
$0 account keeping fees
-
No minimum deposit
-
Government guaranteed
Cons
-
Only 4 free ATM withdrawals at CBA ATMs
-
Restricted for those receiving a government pension
-
Limited branch network
Details
Key details
Product Name | Bank First Pension Account |
Maximum Variable Rate | 3.40% p.a. |
Standard Variable Rate | 3.40% p.a. |
Monthly Account Fee | $0 |
Minimum Opening Deposit | $0 |
Minimum Age | 18 |
Your reviews
![Avatar](https://www.finder.com.au/finder-au/wp-uploads/2021/07/AlisonBanney_Finder_600x600.jpg)
Alison Finder
Editor
You are about to post a question on finder.com.au:
- Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
- finder.com.au is a financial comparison and information service, not a bank or product provider
- We cannot provide you with personal advice or recommendations
- Your answer might already be waiting – check previous questions below to see if yours has already been asked
Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms Of Service and Finder Group Privacy & Cookies Policy.
This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.
![Avatar](https://www.finder.com.au/finder-au/wp-uploads/2021/07/AlisonBanney_Finder_600x600.jpg)
Alison Banney Finder
July 10, 2022
Hi David,
Yes, this account comes with a Visa Debit Card. There are no account-keeping fees or transaction fees within Australia. However, other fees do apply. You can see a list of all fees here.
Thanks,
Alison
Show more Show less
David
June 30, 2022
Does this account come with a debit card, and if yes, what fees are involved?