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Great rate

No short-term welcome rates here. Just an ongoing great rate for eligible customers.

No monthly fees

Monthly fees? Not on our watch. Keep your savings where they belong - in your account.

No minimum balance

Earn interest on every dollar in your account.

Save as you spend

Link your & Transaction Account and save on autopilot with Pay&Save.

We mean it when we say it all adds up

Stay on track and smash your savings goals. It’s simple – deposit $10 or more each month, and make no withdrawals, and we’ll reward your hands-off approach with bonus interest. It’s like a high-five from your bank account!

And you can split up your savings goals by personalising your account names in internet banking or the mobile app. No more confusion over which account is your holiday fund or your rainy-day pot.

Accelerate your savings

  • No minimum balance or opening amount required.
  • Open up to five accounts to make saving for different goals simple.
  • Earn bonus interest each month by depositing $10 or more and making no withdrawals.
  • Transfer or make payments using our mobile app or internet banking. Payments made with PayID or using Osko are received in near real-time.
  • Rest easy knowing total deposits up to $250,000 are protected by the Financial Claims Scheme.

How to earn bonus interest

Deposit at least $10

Add $10 or more into the account each month.

Make no withdrawals

Resist temptation and don’t transfer out or withdraw any money.

Get paid bonus interest

Hooray, you did it! You’ll get your bonus interest payment at the end of the month.

Save as easily as you spend with Pay&Save

Pay&Save is like saving on autopilot

You can automatically round up every purchase you make with your & Transaction Account to the nearest $1, $5 or $10. It’s your choice. Pay&Save then sweeps the difference into your savings account when you pay for something.

Coffee. Fuel. Cake. Don’t forget the cake. All those rounded-up purchases will soon add up with Pay&Save – so you get extra Ker-chang with your Ka-ching!

What are you waiting for?

It's easy – open a savings account alongside your & Transaction account and link them together in the app. Ka-ching!

Discover Pay&Save

Open your SwiftSaver Account online in minutes

Existing customers 

Already bank with P&N? Great choice - simply login to internet banking or go to the mobile app to open your new account.

New customers

If you’re over 18 years of age, you can open your account online in minutes. You’ll become a customer and enjoy all of the benefits of banking with P&N. 

Open an account

Open your account in a branch

We're happy to meet you if you choose to open your account at your nearest branch

New customers

To open your account online you will need to be:

  • over 18 years of age
  • an individual (not a business or association)
  • an Australian resident with a current Australian residential address.

And you’ll need to provide two of the following:

  • a valid Australian driver's licence;
  • an Australian passport;
  • a Medicare card (green).

Handy hint: Have your tax file number ready. If you earn more interest than the limit set by the ATO, you need to pay tax. To avoid this, provide your tax file number when applying.

Open your account in a branch

If you don’t already bank with us you’ll need to bring your Australian driver's licence or a valid Australian passport for ID.

A list of alternative identification documents is available for anyone who:

  • is under 18 years of age
  • is a non-resident
  • doesn't have an Australian photo identity document

Rates & fees

No surprises with our SwiftSaver! Just a great rate that rewards you for consistent saving.

Interest rates

Rate type Interest rate Interest calculated Interest credited
Standard rate 0.20% p.a. Daily End of month
Bonus rate  4.35% p.a. Daily  End of month
Total maximum rate (standard + bonus) 4.55% p.a. Daily End of month

The basics
Monthly fee $0
Minimum monthly balance No
Everyday transactions
Internet banking & mobile app transfer Free
BPAY® transaction Free
Direct debits and direct credits Free

Other fees and charges may apply. For more information, please read the full list of account fees and charges.

Open an account

You’ll be done in a matter of minutes.

Got a question?

Call us on 13 25 77, pop into your nearest branch or chat to us online.

Save seamlessly

Round up your purchases from an & Transaction Account to your SwiftSaver Account with Pay&Save.

There's no such thing as a silly question

You can easily open an account online in a matter of minutes, even if you’re not already a P&N customer.

If you’re new to P&N, you’ll need to be at least 18 years old and have two forms of ID to open your account online. You can open most everyday or savings accounts online, and from there you'll also be able to open a term deposit from internet banking or the mobile app.

If you already bank with us – great choice! You can open most deposit accounts online by going to ‘Apply’ in internet banking or ‘Open account’ in the mobile app.

Open an account online

You can have up to five SwiftSaver accounts in your name and five in joint names to help you meet your savings goals. And you can easily open them online in a matter of minutes.

Once you’ve opened your first account either online or in a branch, you can open up more SwiftSaver accounts in you own name in internet banking or the mobile app. If you would like to open multiple accounts in joint names you will need to call us on 13 25 77.

Having multiple savings accounts allows you to save for different goals, without the risk of dipping into the wrong account.

To be eligible to earn bonus interest on your SwiftSaver Account, you'll need to deposit at least $10 each month and not make any withdrawals.

If you do need to withdraw some money, no worries - you'll have another chance to earn that extra interest next month.

If you withdraw money from your SwiftSaver Account, you'll earn the standard interest rate for the month, but you won't be eligible to score the bonus interest payment. Don't worry though – there's always next month to try and earn that extra interest!

Important information

Banking and Credit products issued by Police & Nurses Limited (P&N Bank).

Any information on this website is general in nature and does not consider your personal needs, objectives or financial situation. Our rates are current as of today and can change at any time. Credit eligibility criteria, terms & conditions, fees & charges apply. 

Read the relevant product terms and conditions before deciding if a product is right for you. 

Bonus interest applied when minimum $10 deposited and no withdrawals made from the account during the calendar month. Bonus interest is paid on balances up to $250,000 with balances in excess of $250,000 receiving the standard rate.

Members may hold a maximum of five SwiftSavers as a single account and five SwiftSavers as joint accounts.

BPAY® is registered to BPAY Pty Ltd ABN 69 079 137 518.