Get more from your everyday banking
The Savvy Saver Account rewards you for doing what you already do. Deposit $500 or more into your & Transaction Account and make at least five card purchases each month to earn bonus interest on your savings – even if you need to dip into them.
How to earn bonus interest
Open your accounts
You’ll need a Savvy Saver Account and an & Transaction Account (in your name only). It’s easy – you can open both accounts online.
Put at least $500 into your & Transaction Account each month
Get your salary paid in, or make a monthly digital transfer from an external bank account or a P&N one that’s not in your name. The choice is yours!
Make five purchases
Each month, make five or more card purchases (plastic or digital) using your linked & Transaction Account.
Interest rates & fees
Earn a great rate and enjoy no monthly or standard transaction fees. Just more ways to make your money go further!
Interest rates
| Rate type | Tier | Variable rate |
|---|---|---|
| Standard rate | $0 + | 0.20% p.a. |
| Bonus rate* | Up to $100,000 | 4.45% p.a. |
| Total maximum rate (standard + bonus) | Up to $100,000 | 4.65% p.a. |
Fees & charges
Our Savvy 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 save the savvy way?
New customer
If you’re not already banking with us, getting started is quick and easy. You can open a both the Savvy Saver and & Trasaction Account online at the same time, and it'll only take you a few minutes!
Existing customer
If you already bank with us, you can open a Savvy Saver Account through internet banking or the mobile app.
We're here to help
Open an account
You can open a Savvy 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.
*Bonus interest is payable on the last day of the calendar month on Savvy Saver balances up to $100,000 when the following conditions are met during the month:
- at least $500 from an external source is deposited into your & Transaction Account(s); and
- you make at least 5 Visa card transactions from a linked & Transaction Account.
If the conditions are not met, or the account balance exceeds $100,000, the standard interest rate will apply.
You may hold a maximum of one Savvy Saver as a single account owner.
If you hold more than one & Transaction Account, we will link your Savvy Saver to the most suitable account. You may contact us to change your linked & Transaction Account. Your Savvy Saver Account can be linked to an & Transaction Account held in your name as a single account holder only. You cannot link to an & Transaction Account held in joint names. The & Transaction Account does not earn interest.