CommBank
Pensioner Security Account
One convenient account for your transaction and savings needs - for customers aged 55 and above.
Savings & transaction accountsBank updated 23 Sept 2026
At a glance
- Base rate
- 0.05%
- Monthly fee
- $0
§ 01 — Rates · 5
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableThe interest rate that applies to any overdrawn amounts. This is calculated daily and charged quarterly. | — | — | — | 14.90% | — | — |
| VariablePaid on the portion of the balance that falls within each balance band. Rates are calculated daily and credited to your account quarterly in March, June, September and December. | — | — | up to $10,000 | 0.05% | — | paid every 3 mo |
| VariablePaid on the portion of the balance that falls within each balance band. Rates are calculated daily and credited to your account quarterly in March, June, September and December. | — | — | $10,000–$50,000 | 1.85% | — | paid every 3 mo |
| VariablePaid on the portion of the balance that falls within each balance band. Rates are calculated daily and credited to your account quarterly in March, June, September and December. | — | — | $250,000+ | 2.85% | — | paid every 3 mo |
| VariablePaid on the portion of the balance that falls within each balance band. Rates are calculated daily and credited to your account quarterly in March, June, September and December. | — | — | $50,000–$250,000 | 2.35% | — | paid every 3 mo |
§ 02 — Fees · 10
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Monthly card fee | Event | $10 | — | A monthly card fee for Debit Mastercard holders with an approved World Debit Mastercard. |
| Paper Statement Fee | Event | No fee | — | A fee charged when you ask us to give you a paper copy of past statements or ordered statements. |
| Paper Transaction Listing Fee | Event | $2.50 | — | A fee charged when you ask us to give you a paper copy of transaction listings. |
| Unpaid cheque or debit fee | Event | $5 | — | When we dishonour a cheque or debit presented to us because there isn't enough money in your account. We may waive certain fees or charges at our discretion. The failure by us to charge any fee or ch… |
| Account Fee | Periodic | No fee | Every 1 mo | — |
| Access fee - Overseas purchases | Purchase | 3.50% of transaction | — | Purchases made overseas or in Australia (e.g. online), where the merchant is located overseas or the financial institution or entity processing transaction is located overseas. When you make an international purchase, or withdraw cash at an ATM overseas using an eligible World Debit card, the access fee will be $0. |
| Cheque negotiated fee | Transaction | $3 | — | When you write a cheque that needs to be negotiated through the clearing system. We won't charge you a cheque negotiated fee. |
| Access fee - ASB Bank ATMs in NZ and overseas CommBank ATMs | Withdrawal | $2 | — | When you take money out at ASB ATMs in NZ or CommBank ATMs outside Australia. When you make an international purchase, or withdraw cash at an ATM overseas using an eligible World Debit card, the access fee will be $0. |
| Access fee - Other overseas cash and ATM withdrawals | Withdrawal | 3.50% of transaction | — | Any other cash withdrawals overseas will incur a $5.00 fee plus 3.5% of the transaction value. When you make an international purchase, or withdraw cash at an ATM overseas using an eligible World Debit card, the access fee will be $0. |
| Staff assisted withdrawals | Withdrawal | No fee | — | There is no charge when you take money out at a CommBank branch, a post office, agency, with telephone banking if using an operator or by cashing a cheque. |
§ 03 — Features
Instant paymentsPayIDDigital bankingUnlimited transactionsApple PayCommBank Tap and PayFitbit PayGarmin PayGoogle PaySamsung Pay
- · Securely lock your debit card in the CommBank app when you need to. And unlock it again when you don't.
- · CommBank Yello provides benefits for eligible CommBank customers, subject to terms and conditions.
- · Access a range of travel benefits through Travel Booking (provided by Hopper) for eligible customers.
- · You are not required to have a card to use this product.
- · Manage payments from your bank account using PayTo.
- · Use QR Cardless to withdraw cash or deposit notes, coins and cheques (subject to product eligibility) by using the latest version of the CommBank app to scan a QR code at a compatible CommBank ATM.
§ 04 — Eligibility & limits
- · Minimum age 55
- · Residency: AU
- · Available to individuals
- · For customers wanting to apply online, they will require an Australian residential address.
§ 05 — Compare
§ 06 — Run the numbers
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Published by CommBank under the Consumer Data Right, last changed by them on 23 Sept 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.