Let your savings reward you
You’ve worked hard to build your savings – now it’s time they worked a little harder for you. Open a Hi Saver Account and enjoy an introductory interest rate for the first four months, helping you grow your balance and reach your goals a little sooner.
Earning an introductory interest rate? Couldn't be easier.
Open a Hi Saver Account
Open a new Hi Saver Account and transfer your savings in. It's super easy, too – you can open your account online!
Earn introductory interest for the first four months
This part will happen automatically, so you can kick back and relax.
Watch your savings grow
Your money does all the heavy lifting here. Plus, you can transfer in at any time to give your savings a little extra boost!
Interest rates & fees
Four months to boost your savings with introductory interest and no fees on popular transactions? It’s a no-brainer.
Interest rates
| Rate type | Variable rate |
|---|---|
| Standard rate | 0.05% p.a. |
| Introductory rate* | 4.20% p.a. |
| Total maximum rate (standard + introductory) | 4.25% p.a. |
Fees & charges
Our Hi Saver Account has no monthly or standard transaction fees.
Other fees and charges that may apply can be found on our account fees and charges page.
Ready to boost your savings?
New customer
If you’re not already banking with us, getting started is quick and easy. You can open a Hi Saver Account online, and it'll only take you a few minutes!
Existing customer
If you already bank with us, you can open a Hi Saver Account through internet banking or the mobile app.
We're here to help
Open an account
You can open a Hi Saver Account online, and you'll have access to your new account in a matter of minutes.
Get answers online
Got a question? Our help centre is the ideal place to start.
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.
*The Hi Saver introductory interest rate applies for the first four months on daily closing balances from account opening date. At the end of the introductory period the standard ongoing variable interest rate at that time will apply.
If your Hi Saver account was opened on or after 1 April 2023, balances above $0 will be eligible for the introductory rate for the first four months from the date of opening your account. If your Hi Saver account was opened before 1 April 2023 introductory interest will be paid on the total balance of your Hi Saver Account on each day on which the closing balance of your account is $5,000 or greater, for a period of four months from the date of opening your account.
A member may hold a maximum of one Hi Saver account as a single account owner and one Hi Saver account as a joint account owner. 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.