AMB Bank Product
Capital Guaranteed Pension Account
Capital Guaranteed Pension account is a complying account based pension. Account based pensions are designed to convert your accumulated superannuation into a tax effective income stream. This income is paid into your nominated bank account. The minimum amount you draw from your pension account each year is subject to a pension factor set by the Government and other Government prescribed pension standards.
Savings & transaction accountsBank updated 25 Aug 2026
At a glance
- Base rate
- 0.25%
- Monthly fee
- $5
§ 01 — Rates · 5
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| FixedMaximum rate | — | 1 yr | $20,000+ | 3.60% | — | paid at maturity; paid every 1 yr |
| Fixed | — | 2 yrs | $20,000+ | 3.55% | — | paid at maturity; paid every 2 yrs |
| Fixed | — | 3 yrs | $20,000+ | 3.20% | — | paid at maturity; paid every 3 yrs |
| VariableBase rate | — | — | up to $10,000 | 0.25% | — | paid at maturity; paid every 1 mo |
| Variable10K plus | — | — | $10,000+ | 0.25% | — | paid at maturity; paid every 1 mo |
§ 02 — Fees · 2
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Early termination of fixed rate | Event | $0 | — | When you break the fixed term, penalty interest will be paid for the period from investment date to redemption date. Penalty interest is the lowest variable interest rate at the time of termination. |
| Administration fees | Periodic | $5 | Every 1 mo | Deducted from variable interest option |
§ 03 — Features
None published.
§ 04 — Eligibility & limits
- · Minimum age 18
- · Residency: Australian citizen, NZ citizen or permanent resident of Australia
- · Minimum balance $20,000
- · Opening balance $50,000
- · You can commence a Capital Guaranteed Pension if you have immediate access to your superannuation funds. This means you have met one of the conditions of release, such as: • You are under age 60 and…
§ 05 — Compare
§ 06 — Run the numbers
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Published by Australian Military Bank under the Consumer Data Right, last changed by them on 25 Aug 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.