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Pensioner Account

Say hello to our interest earning bank account, designed specifically for pensioners. Open an account today.

Rates up to

2.85% p.a.,1


Key Features

Our Pensioner account gives you the best of both worlds with seamless access to your money, while you earn interest on you account balance.

Earn higher interest on money you can easily access

Earn up to 2.85% on balances from $50,000 up to $100,000

A convenient way to bank

Everything you need for your everyday banking including internet banking, flexible payment options and an optional debit card.

Old-school service

Our friendly and helpful team is always available to give you a hand in the branch or over the phone.

Competitive fees

$0 monthly account keeping fees

Rates & Fees

Most of our banking is free. Where we need to make a charge, we keep these to an absolute minimum.

Interest rates on balances

For more information about our fees and charges click here

How to apply

Pop into the branch and our friendly staff will be ready to assist you.

1. Apply in branch

Just bring in 1 form of identification that can include Driver’s Licence, Passport or Birth Certificate.

2. Set up your online banking

We’ll activate your online banking and take you through how to log in whilst you’re in the branch.

3. Update your payments

Don’t worry about updating payments – we’ll walk you through the process in the branch.

4. Your card's in the post

Your Visa debit card will be sent via mail and should reach you within a few days.

Transaction account FAQs

Who is Cairns Bank?

Cairns Bank is the trading name of Cairns Penny Savings & Loans Ltd. We’ve been supporting the Cairns community with their banking needs for over 125 years.

We take pride in our personal approach to banking. Getting to know our customers and delivering simple products and services is what we’re all about.

And as a customer owned bank we make decisions based on our customers’ needs, rather than the needs of shareholders.

If you receive an Age or Disability pension, you can apply for our Pensioner account. Simply provide evidence of your proof of age or disability pension status when you visit us in branch.

Our Pensioner account has three interest rate tiers. The rate you receive will depend on your account balance. See interest rate table above.

Interest is calculated on each part of the balance and paid in June each year.

We understand that switching banks can be a painful process. If you pop into our branch our friendly staff can help you open your new bank account and also help you switch your regular payments to your new bank account.

Yes. Money placed in a transaction account with Cairns Bank is protected by the Australian Government’s Financial Claims Scheme (FCS).

The scheme protects deposits up to $250,000 per person, per financial institution. 

We will set up your online banking at the same time we are setting up your account.  Please contact the branch if you wish to set up your online banking at a later time.

Open an account today

To find out more or to open a Pensioner account, book an appointment with our friendly team or visit us in branch.