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IMB Wisdom Saver

Make a smart move with your pension money by keeping it available in an interest earning transaction account.

Available for Australians who are at retirement age or receiving a pension, the Wisdom Saver is a smart way to keep track of your finances. Interest is applied to your entire balance plus you get the flexibility of an at call transaction account with multiple ways to access your money. This makes it easy to keep on top of all of your retirement cash as you are busy enjoying the retired life.

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0.20% p.a.

Maximum variable rate


Base interest rate

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Product NameIMB Wisdom Saver
Maximum Variable Rate0.20% p.a.
Standard Variable Rate0.01% p.a.
Monthly Account Fee$0
Minimum Opening Deposit$0
Minimum Age55

Key features

Monthly account keeping fees

With the Wisdom Saver you are not charged any monthly account keeping fees.

Transaction fees

Unlike other IMB accounts where a transaction allowance helps to offset your fees, with few exception the Wisdom Saver is void of any transaction fees.

How to apply


IMB makes it easy to open the Wisdom Saver account by providing you with an online application. You can access it by visiting the IMB website and it should only take about ten minutes to complete. Certain eligibility requirements will have to be met before you will be permitted to submit your application:

  • Minimum age. You must be at least 55 years of age in order to be eligible for this account. That age requirement is waived for certain individuals who are receiving a qualifying pension.
  • Residency requirements. You must be an Australian resident and have an Australian residential address if you wish to be considered for this account.

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  1. Default Gravatar
    October 23, 2017

    Is the interest calculated for the IMB Wisdom Saver done on a compounding basis?

    • Avatarfinder Customer Care
      October 23, 2017

      Hi Vera,

      Thanks for your question.

      This account pays interest monthly so it uses the compound interest method.

      Kindly note though that its variable interest rate is applied using a step-up method. This means that the first part of your balance up to $1,999.99 is calculated at a one-interest rate, while the next portion up to $49,200 receives a higher rate. The highest interest rate is applied only to the portion of your balance that is in excess of $49,200.01.


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