We want all our customers to make the most of their money. That’s why we’ve made it easy to open a online.
New to P&N? Joining online is quick and easy
Open a fee-free & Transaction Account (or any of our savings accounts) online, and then you can easily open a term deposit using internet banking or the mobile app.
Open an account online
If you're new here, you'll need to open an account with us before you can open a term deposit – it only takes around five minutes.
Transfer money into your new account
With instant access to your new P&N Bank account number, you can transfer your funds across from another bank in minutes.
Open your term deposit
Log in to internet banking or the mobile app, choose your term, and follow the prompts to open your term deposit. It's that easy!
How to open a term deposit
To open an account online, you'll need to be:
New customer
Before you can open a term deposit, you’ll need to open a transaction or savings account to receive your funds – but it’s quick, easy, and you can do it online.
Existing customer
It’s quick and easy to open a term deposit anytime using internet banking or the mobile app. If you’d like to open a Regular Income term deposit, please get in touch with us.
Am I eligible to open an account?
To open an account online, you’ll need to:
- be at least 18 years old
- live in Australia with a current residential address
- be applying as an individual (not a business or association)
What do I need to open an account online?
All you need is a Western Australian driver’s licence or valid passport to verify your identity.
We also recommend having your tax file number (TFN) ready. If you earn more interest than the limit set by the ATO and you haven’t provided us with your TFN, withholding tax may be deducted from the interest you earn.
And don't forget – you'll need to have the funds ready in an existing account before opening your term deposit. Once your money is available, you can log in and lock it away with just a few clicks.
Already bank with us?
You can open a term deposit through internet banking or the mobile app – no additional ID required.
Prefer to visit a branch?
Drop into one of our branches to open your term deposit in person. If you don’t already bank with us, you’ll need your Australian driver’s licence or passport.
If you’re under 18, not an Australian resident, or don’t have photo ID, we also accept alternative forms of identification.
How much could you save?
See how your pot of gold could grow with the help of a good interest rate, regular deposits, and our simple-to-use calculator. No rainbow required!
Savings and term deposit calculator
More calculators
Why choose P&N Bank?
Unlike the bigger banks, our customers and owners are one and the same, so there’s no conflict with shareholders. P&N Bank is all about you.
Our mission is to offer West Aussies a refreshing banking choice. And as WA's largest locally-based customer-owned bank, we make achieving your financial goals easier by reinvesting our profits back into our products and services. We help you take control of your finances and give you a hand with your banking when you need it.
When you choose to bank with us, you’re not just another customer; you’re an important piece of the puzzle that makes us who we are.
We're here to help
Get answers online
Got a question? Our help centre is the ideal place to start.
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Both are used to save money, and both have their advantages, but it's important to know the difference between them.
How to get the best return on your deposits
Make sure you get the most out of your investments with these simple deposit tips.