Pensioner Security Account

One convenient account for your transaction and savings needs - for customers aged 55 and above.
Category: Transaction & Savings Accounts  Last Updated June 3, 2026  Effective June 3, 2026

 General Lending Rates

Rates listed below are for a VARIABLE product. Additional Information The interest rate that applies to any overdrawn amounts. This is calculated daily and charged quarterly.
Interest Rate
14.90% PA
Comparison Rate
0.00%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.

 Product Features

  • Card Access Additional Information: Use instore, online and withdraw local currency at millions of locations, everywhere Mastercard is accepted. Choose a Debit Mastercard with your CommBank account and pay for things using your card, smartphone or wearable. You may receive access to other features and benefits associated with your Debit Mastercard subject to eligibility, approval and terms and conditions.
  • Additional Cards Additional Information: We may limit the number of cards that may be issued or linked to a single account or customer profile.
  • Bill Payment Additional Information: See, track and easily pay your bills online in NetBank or on the go in the CommBank app.
  • Card Access Additional Information: World Debit Mastercard is a premium debit card that can be linked to your CommBank transaction account, and can be used everywhere Mastercard is accepted. Enjoy additional exclusive features and benefits with the World Debit Mastercard, subject eligibility, approval, and terms and conditions. Fees apply.
  • Card Access
  • Other Additional Information: Securely lock your debit card in the CommBank app when you need to. And unlock it again when you don't.
  • Other Additional Information: CommBank Yello provides benefits for eligible CommBank customers, subject to terms and conditions.
  • Other Additional Information: Access a range of travel benefits through Travel Booking (provided by Hopper) for eligible customers.
  • Digital Banking Additional Information: Wherever you are in the world, CommBank gives you the choice and control to securely manage all of your accounts on a range of devices, the way you want.
  • Digital Wallet Additional Information: Pay with your Apple(TM) device using Apple Pay.
  • Digital Wallet Additional Information: Pay with your Android(TM) phone using the CommBank app.
  • Digital Wallet Additional Information: Pay with your Fitbit(TM) smartwatch using Fitbit Pay.
  • Digital Wallet Additional Information: Pay with your Garmin(TM) smartwatch using Garmin Pay.
  • Digital Wallet Additional Information: Pay with your Android(TM) device using Google Pay.
  • Digital Wallet Additional Information: Pay with your Samsung(TM) device using Samsung Pay.
  • Npp Payid Additional Information: Get faster payments between participating banks, anytime with a PayID.
  • Npp Enabled Additional Information: Pay and receive near real-time payments.
  • Other Additional Information: You are not required to have a card to use this product.
  • Other Additional Information: Manage payments from your bank account using PayTo.
  • Other Additional Information: 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.
  • Unlimited Txns Additional Information: Unlimited CommBank electronic transactions.

 Product Eligibility

  • Min Age - 55. Additional Information: You must be at least 55 years old.
  • Residency Status - Au. Additional Information: Australian Resident
  • Natural Person Additional Information: You must be least 55 years old.
  • Other Additional Information: For customers wanting to apply online, they will require an Australian residential address.

 Bank Fees and Charges

  • Unpaid Cheque Or Debit Fee (Event), Amount: 5.00. Additional Information: When we dishonour a cheque or debit presented to us because there isn't enough money in your account.
  • Paper Transaction Listing Fee (Event), Amount: 2.50. Additional Information: A fee charged when you ask us to give you a paper copy of transaction listings.
  • Account Fee (Periodic), Amount: 0.00.
  • Paper Statement Fee (Periodic), Amount: 0.00. Additional Information: A fee charged when you ask us to give you a paper copy of past statements or ordered statements.
  • Access Fee - Overseas Atms (Withdrawal), Amount: 2.00. Additional Information: When you take money out at ASB ATMs in NZ or CommBank ATMs outside Australia.
  • Access Fee - Overseas Cash Withdrawals (Withdrawal), Amount: Not Listed.. Additional Information: Any other cash withdrawals overseas will incur a $5.00 fee plus 3.5% of the transaction value.
  • Access Fee - Overseas Cash Withdrawals (Withdrawal), Amount: 5.00. Additional Information: Any other cash withdrawals overseas will incur a $5.00 fee plus 3.5% of the transaction value.
  • Access Fee - Overseas Purchases (Purchase), Amount: Not Listed.. Additional Information: 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.
  • Staff Assisted Withdrawals (Withdrawal), Amount: 0.00. Additional Information: 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.
  • Cheque Negotiated Fee (Transaction), Amount: 3.00. Additional Information: When you write a cheque that needs to be negotiated through the clearing system.
  • Monthly Card Fee (Event), Amount: 10.00. Additional Information: A monthly card fee for Debit Mastercard holders with an approved World Debit Mastercard.

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