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Senior Saver Account

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Available to those who receive a Centrelink Age Pension, this account offers a wide range of access options and higher interest than an everyday transaction account. A summary of this product's features is offered below:

Interest rates View interest rates.
Interest calculation Daily and paid yearly on 31 May.
Balance requirements Enjoy the freedom of opening an account with any amount and no ongoing balance requirements.
Funds availability At call.
EFTPOS/ATM access Link either a SERVICE ONE Alliance Bank rediCARD or Visa card to this account and obtain cash advances at over 20,000 ATMs and make purchases at over 500,000 EFTPOS outlets around Australia. Cards linked to this account can also be used overseas to access your funds.
eLink or phoneLink Access your account online or via phone and do your banking your way.
Direct Credit or Debit Direct Credits are free on your account and set up Direct Debits for your bills knowing they are paid on time.
BPAY by phone or Internet Make BPAY payments from this account to over 44,000 bills in the national BPAY network, including most councils, telephone, electricity and gas organisations.
Over the counter transactions and assistance Receive personal service through a conveniently located Branch.

In addition:

  • Receive a $6.00 monthly Fee Allowance - just for holding a Senior Saver Account, to offset everyday withdrawal fees.
  • The balance in this account contributes to your Average Relationship Balance, and this is used to calculate your monthly Fee Allowance to offset everyday withdrawal fees (refer to the Schedule of Fees and Charges for what constitutes a withdrawal).
  • There are other access options available on this account, including cheque book.
  • SERVICE ONE Alliance Bank deposits are deposits of Bendigo Bank and are covered by the Federal Government's Financial Claims Scheme.
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