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Just for kids

Suitable for children aged between 0 and 15.

Earn interest

Interest is paid on amounts up to $5,000.

No minimum balance

Your child can start saving, no matter how much they’ve got.

Internet banking access

Available between the ages of 12 and 15 – with parental permission, of course.

The humble piggy bank just got an upgrade

Say hello to more savings with no monthly or standard transaction fees on our Way Cool Saver account.

It’s never too early to learn the value of money. And a Way Cool Saver is a great way to get started. Teach your kids to save more and spend less of their pocket money – handy skills to have down the track.

A future of smart money management awaits

  • An account for kids aged between 0 and 15 years old.
  • No minimum balance or opening amount required.
  •  Access to internet banking and the mobile app – they’ll need permission from a parent or guardian first.
  •  A range of fee-free transactions – including credits and debits, internet banking and mobile app transfers (if they’re granted access), and more.

Ready to open a Way Cool Saver Account?

We're happy to help you open your Way Cool Saver at your nearest branch

What do I need?

  • Child to be aged under 15 years of age.
  • Child's birth certificate or an Australian passport in the child's name along with proof of legal guardianship.
  • Parents or legal guardians will need to provide a driver's licence or Australian passport in their own name.

Need more information?

Contact us on 13 25 77, we're happy to help.

Please note that Way Cool Saver accounts cannot be opened over the phone due to our staff needing to sight original documents.

Please be prepared with the following documentation when you visit the branch.

  1. Child's birth certificate or an Australian passport in the child's name along with proof of legal guardianship.
  2. Parents or legal guardians will need to provide a driver's licence or Australian passport in their own name.

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

  • is a non-resident
  • doesn't have an Australian photo identity document

Rates & fees

Paying kids pocket money is way cooler with a Way Cool Saver.

Interest rates

Balance Interest rate Interest calculated Interest credited
Under $5,000 3.05% p.a. Daily End of month
$5,000 + 0.00% 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.

We're here to help

Talk to us

Whether you’d prefer to chat to us over the phone, in person, or online, you can get in touch.

Find a branch

We’ve got branches all over the Perth region, and as far south as Bunbury.

Get answers online

We’ve got heaps of info and answers to your questions in our comprehensive help centre.

There's no such thing as a silly question

We understand that sometimes seeing a friendly face and doing your banking in person can be nice. And we welcome you at our branches located throughout the Perth metropolitan area from Joondalup to Mandurah, and down south in Bunbury.

Use our Branch Locator to find your nearest P&N Bank branch. 

Remember, there are a wide range of actions you can undertake in the mobile app or internet banking for your convenience. 

Please contact us on 13 25 77 if you'd like to speak to a team member.

The interest on our savings accounts is calculated on the daily balance and credited on the last day of every month. This means that every deposit you make throughout the month will earn interest from that day onwards.

Bonus interest, if applicable to your account, will also be calculated on your daily balance in line with the bonus interest conditions for your account.

That means by the end of the month, you might have earned a little extra money to treat yourself or give your savings a boost. A mini reward for being a savvy saver!

You can make a deposit of coins at your nearest P&N Bank Branch, not including the Perth Service Hub in Wellington Street.

Fees may apply. 

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. 

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