Calculate your way to your savings goals. Whether you’re saving for your next big purchase, a rainy day, or just watching your money tree grow by earning interest, our savings and term deposit calculator can help you do the maths. In just a few clicks (or taps!), we’ll give you an estimate of how much interest you could earn, and how long it could take for you to reach your savings goals.
Discover our range of savings accounts
Hi Saver Account
A savings account where you can earn introductory interest for the first four months from the date you open an account.
Savvy Saver Account
A savings account that rewards you with bonus interest each month when you meet the eligibility criteria.
Smart Saver Account
A savings account that helps you build better habits and rewards you for regular saving.
How to use our savings and term deposit calculator
Let us know where your money will be sitting – either in a savings account or a term deposit. Then enter the dollar amount, the interest rate, and some extra info about your savings plans (such as how long you’re wanting to invest for and if you’ll be making regular deposits), and our savings and term deposit calculator will crunch the numbers for you.
You can use our calculator to weigh up the benefits of both savings accounts and term deposits, to find out how long it’ll take you to save for a specific goal, or simply to see how much interest you’ll earn over a set period of time.
Budget like a boss with mymo
mymo is your personal banking buddy. It’s an app you can use with your P&N Bank accounts to help you budget like a boss.
Link up all your bank accounts to see all your income and expenses at a glance, track your spending, and set up bill reminders. Budget smarter, save more, and waste less.
Other helpful calculators
Planning a budget for yourself, or estimating what you’ll pay in income tax based on how much you earn? We have a range of handy calculators that do the maths, so that you don’t have to.
Budget planner calculator
Income tax calculator
Check out our savings accounts
Fixed term deposits
Your savings/term deposit questions answered
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 close your term deposit account early at any time, but doing so will likely affect the amount of interest you receive.
Further information is available in our Term Deposit Account Terms & Conditions.
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. Eligibility criteria, terms & conditions, fees & charges apply.
The results from this calculator should be used as an indication only. Figures provided are for illustrative purposes only and are based on the information provided. Results do not represent a quote or pre qualification for a product. Information such as default figures used in the assumptions are subject to change.
Calculator by Widget Works
1. Hi Saver Account
An introductory bonus rate will apply on balances up to $5m per account for the first 4 months, in addition to the standard rate from the account opening date.
At the end of the introductory period the standard interest rate at that time will apply.
A customer may hold a maximum of one Hi Saver Account as a single account holder and one Hi Saver Account as a joint account holder. You may apply to open a Hi Saver Account 12 months from the date of closing any previously owned Hi Saver Account as a single or joint account holder.
2. Savvy Saver Account
Bonus interest payable on balances up to $100,000 when during the calendar month:
- at least $500 from an external account is deposited (excluding ATM withdrawals, balance enquiries and transfers, direct debits, Bank@Post™ transactions, BPAY payments and uncleared transactions) into your P&N & Transaction Account(s); and
- you make at least 5 eligible Visa card transactions (excluding ATM withdrawals, balance enquiries and transfers, direct debits, Bank@Post™ transactions, BPAY payments and uncleared transactions) from a linked P&N & Transaction Account.
Standard rate applies if conditions not met. Interest applies to Savvy Saver Account balance only, & Transaction Account balance not included.
You may hold a maximum of one Savvy Saver Account only, either as a single account holder or joint account holder.
BPAY® is registered to BPAY Pty Ltd ABN 69 079 137 518.
Bank@Post is an agency service provided by Australia Post on behalf of over 80 financial institutions.
Bank@Post™ deposits and withdrawals are available only with a P&N VISA Card. Cheques must be made out in the name of the cardholder to be accepted at Bank@Post™ and require a minimum of 7 business days for clearance.
3. Smart Saver Account
Bonus interest applied when minimum $100 deposited and no withdrawals are made from the account during the calendar month. Standard interest applies if the bonus interest conditions aren’t met and on balances exceeding $250,000.
Customers can hold up to three Smart Saver accounts in total, whether held in single or joint names.