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.
Category: Transaction & Savings Accounts Last Updated May 31, 2026 Effective June 3, 2026
General Lending Rates
No product information is currently listed. Please make contact with us for more information.
Product Eligibility
- Pension Recipient
- Other Additional Information: 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 have reached your preservation age and have retired permanently from the workforce; • you are aged 65 or older; or • you have selected the ‘Transition to Retirement’ option.
- Residency Status - Australian Citizen, Nz Citizen Or Permanent Resident Of Australia.
- Min Age - 18.
Bank Fees and Charges
- Early Termination Of Fixed Rate (Variable), Amount: Not Listed.. Additional Information: 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), Amount: 5.00. Additional Information: Deducted from variable interest option
Limitations & Restrictions (Constraints)
- Opening Balance of 50000.00 Additional Information: Minimum opening investment $50,000
- Min Balance of 20000.00 Additional Information: Minimum opening balance for fixed product
