AWA Alliance Bank Pensioner Account

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Earn up to 0.7% p.a. interest and enjoy easy access to your savings with a Pensioner Account from AWA Alliance Bank.

Finding an easy and affordable way to manage your money is crucial to ensure a stress-free and financially secure retirement. To help you make your retirement savings go further, AWA Alliance Bank offers the Pensioner Account. Designed for customers who receive a government pension or who hold a health care card, the AWA Alliance Bank Pensioner Account offers competitive tiered interest rates of up to 0.7% on your savings balance.

0.7% p.a.

Maximum variable rate

0.7% p.a.

Base interest rate

Details

Product NameAWA Alliance Bank Pensioner Account
Maximum Variable Rate0.7% p.a.
Standard Variable Rate0.70%
Bonus Variable Rate0.00%
Monthly Account Fee$0
Minimum Opening Deposit$0

Expert review

Alison Banney

Review by


Alison Banney is the banking and investments editor at Finder. She has written about finance for over six years with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business.

Expert review

However, rather than lock your funds away, you can access the account whenever you like, so you can use it to do shopping, pay bills, transfer money to friends and family, or whatever else you need to do.

Key features

At-call savings account

The AWA Alliance Bank Pensioner Account is an at-call savings account, which means it combines the ability to earn interest on your savings balance with the freedom to withdraw money at any time.

Tiered interest rates

The Pensioner Account features variable interest rates designed to help you maintain a healthy retirement savings balance. Interest rates are tiered based on your account balance as follows:

  • $1–$9,999: 0.7%
  • $10,000–$49,999: 0.1%
  • $50,000 -$249,999 : 0.5%
  • $250,000+: 0.7%

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How to apply

If you think the AWA Alliance Bank Pensioner Account could be the perfect product to help you manage your money during retirement, click on one of the "Find out more" links on this page. You will be securely redirected to the AWA Alliance Bank website where you can access the full terms and conditions for this account.

However, it isn't possible to apply for an AWA Alliance Bank Pensioner Account online.

Application options

  • Visit a branch. AWA Alliance Bank has branches in Geelong and Portland in Victoria, or Mandurah in Western Australia. Pop into your nearest branch to receive personalised service and advice on how to open an account.
  • Complete an online form. The second option is to fill out an online enquiry form with your name, phone number and email address, preferred contact time and details of the type of account you want to open.

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