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Heritage Bank Pension Plus

Heritage Bank provides Aussie seniors a way to keep track of their daily expenditures while earning a passive income on their excess money.

The Heritage Bank Pension Plus is a high interest savings account for Australians over the age of 55 that has the flexibility of a transaction account. This specialised account allows for internet and phone banking along with accessibility to your cash with a Visa debit card. Heritage Bank only provides this account for certain Australians who meet their eligibility criteria.

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0.80% p.a.

Maximum variable rate


Base interest rate

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Product NameHeritage Bank Pension Plus
Maximum Variable Rate0.80% p.a.
Standard Variable Rate0.65% p.a.
Monthly Account Fee$0
Minimum Opening Deposit$1
Minimum Age55

Key features

Monthly account keeping fees

With the Pension Plus account you pay no monthly charges.


The interest rates for this account are tiered. You will earn 0.8% interest up to balance $50,199 and 0.65% if your balance is $50,200 and above.

How to apply


If after making your comparisons you have found that the Pension Plus account is able to simplify your banking needs, you can start an online application. If you are not already a member of Heritage Bank you will first need to apply for membership and pay the $1 shareholder fee. Other eligibility requirements include:

  • Minimum age. You must be at least 55 years of age, or receiving a government pension to qualify for this account.
  • Residency requirement. You will need to be an Australian resident with a verifiable residential address in order for your application to be considered.

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