RSL Everyday Account

Designed specifically for those on a Government pension and for retirees, the RSL Money Pension account allows you to grow your savings whilst supporting you with no everyday banking fees to assist you in that goal.

Savings & transaction accountsBank updated 15 Sept 2026

Apply at RSL Money ↗Product page ↗Fees and pricing ↗Terms ↗

At a glance

Base rate: 0.50%

How it compares

This account in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.

Typical 2.25%

0%1%2%3%4%

This account: 0.50%Every other institution's highest, 60 in all

Paid whatever you deposit or spend. One dot per institution, at its highest savings rate with no bonus conditions anyone can apply for; hover or tap a dot for its name.

Rate	This account	Best anywhere	Typical institution	Where it sits
No bonus conditionsPaid whatever you deposit or spend	0.50%	4.80%MoveBank's Online Saver	2.25%of 61 institutions	48th highest of 61, level with one other

Rates

The one rate RSL Money Prod publishes for this account.

Type	Applies to	Term	Band	Rate	Comparison	Conditions
Variable	-	-	-	0.50%	-	paid every 1 mo

Fees

25 fees published, grouped by when they're charged.

While you hold it2

Dormancy fee for accounts inactive greater than 24 months
$2 a month
Paper statement fee (per statement)
$2 a month

When you make a transaction9

Amendment/ cancellation of telegraphic transfer/swift transfers
$35
Direct debit dishonour
$10
EFT trace/recall of funds
$25
Foreign Currency Conversion fee
3.00% of transaction
Foreign drafts
$20
Swift transfers
Electronic funds transfer between Australian Military Bank and other financial institutions
$25
Telegraphic transfers (AUD)
$20 to $50
Telegraphic transfers (online)
$20
Overseas ATM withdrawals
$4.50

When particular things happen14

Audit Certificate Fee
Per audit certificate requested
$50
Bank@Post cheque dishonour fee
At cost
From $1
Buy Foreign Currency
1% of AUD value of amount purchased. Minimum order of AU$100 applies
1.00% of transaction
Declined credit transactions
$0.80
Declined EFTPOS transactions
$0.80
Declined Visa dispute
If a Visa dispute lodged by you is declined and found that the claim was invalid
$30
EFTPOS dispute fee
At cost
From $1
Foreign Cheque encashment (<AU$5000)
$15
Foreign Cheque encashment (>AU$5000)
$50
Foreign Currency Encashment
Minimum encashment of AU$50 applies
$10
Paper statements printed at branch or posted
$2.50 for printed and collect at branch or $5 if posted. No statement fee for RSL Money Sub Branch accounts
$2.50 to $5
Retrieval of member documents from archives
Per hour fee applies plus any expenses incurred
From $50
Staff assisted external transfer and BPAY transaction
$0.60
Visa Card replacement processing fee
At cost
From $20

Features

PayIDDigital bankingUnlimited transactions

0.20% of the balance is donated to RSL National per annum
Free cheque book
Pension Account holders also receive 2.00% discount on the RSL Low Rate Visa Card

Eligibility and limits

Minimum age 18
Residency: Australian citizen or permanent resident
Only RSL Sub Branch member and their families can open this account

Compare it with others

All savings & transaction accounts Other RSL Money savings & transaction accounts Everything RSL Money publishes

Put this product through a calculator

Published by RSL Money under the Consumer Data Right, last changed by them on 15 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.