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Pensioners Deeming Account (S7)
If you are over 55 years of age and in receipt of a pension payment or independent income you are eligible for this account. The account pays interest comparable to the rate specified by the Government Deeming Legislation. Cheque book, redicard, internet and telephone banking access are available.
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No minimum balance to earn interest |
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Funds available at call |
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Interest calculated daily and paid quarterly |
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Access to your funds 24 hours a day, 7 days a week |
| Key Features | |
|---|---|
| Availability of funds | At Call |
| Minimum to open | $0 |
| Interest calculated | Daily |
| Interest Paid | Quarterly |
| Access Methods | |
| Branch transactions | Yes |
| ATM/EFTPOS | Yes |
| Phone Banking | Yes |
| Internet Banking | Yes |
| BPAY | Yes |
| External credit transfers | Yes |
| Personal cheque facility | Yes |
| Direct credits | Yes |
| Direct debits | Yes |
| Periodical payments | Yes |
| Outward bound direct debits | Yes |
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