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An account specially designed for pensioners and retirees.

• The essentials
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A simple and effective solution specially designed for pensioners and retirees In effect, the Federal Government sets – or deems – interest rates for pensioners, so when it assesses your income, it assumes you are earning that 'deemed' rate of interest, regardless of what you are actually earning. We use these deemed interest rates as a guide for setting the interest rates on our Deeming Account. To qualify, you need to have an eligible pensioner concession card or be aged 55 years or over and retired. You can obtain details about the deeming rules from Centrelink on 132 300. Features and benefits No monthly account service fee 8 free withdrawals per calendar month across Westpac branches, ATMs, EFTPOS, Telephone and Internet Banking Optional paperless estatements Option to add Debit MasterCard* Access Options Branch Internet Banking Telephone Banking Cheque ATM EFTPOS

Did you know Adding a Debit Mastercard to your Deeming account will allow you to make purchases overseas, online - at over 28 million locations worldwide.

*If you're not eligible for a Debit MasterCard, you will be offered a Handycard to access your account. To be eligible for Debit MasterCard you must be over 18 and an Australian citizen or permanent resident of Australia.

 

 

Other bank accounts

• Basic Account
  A low-cost everyday transaction account for customers in receipt of a government pension or benefit who need their monies deposited directly into a bank account.