Good things grow with patience
Make saving a steady habit with the Smart Saver Account. Deposit $100 or more each month and skip the withdrawals to enjoy bonus interest and watch your savings grow.
How to earn bonus interest
Deposit $100 or more
Put at least $100 into your Smart Saver Account each month to grow your balance.
Make no withdrawals
Skip the withdrawals and watch your savings reap the benefits. Trust us – it's a smart move.
Earn bonus interest
Be rewarded with bonus interest paid on savings up to $250,000 – a little treat for sticking to your savings plan!
Interest rates & fees
Stay on track to earn bonus interest – a little consistency can go a long way.
Interest rates
| Rate type | Tier | Variable rate |
|---|---|---|
| Standard rate | $0 + | 0.50% p.a. |
| Bonus rate* | Up to $250,000 | 3.95% p.a. |
| Total maximum rate (standard + bonus) | Up to $250,000 | 4.45% p.a. |
Fees & charges
Our Smart 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 smarter way?
New customer
If you’re not already banking with us, getting started is quick and easy. You can open a Smart Saver Account online, and it'll only take you a few minutes!
Existing customer
If you already bank with us, you can open a Smart Saver Account through internet banking or the mobile app.
We're here to help
Open an account
You can open a Smart 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 applied when a minimum of $100 is deposited and no withdrawals are made from the account during the calendar month. The standard rate will still apply if the bonus interest conditions aren’t met. Bonus interest is paid on balances up to $250,000, with balances more than of $250,000 earning only the standard rate.
Customers can hold up to three Smart Saver accounts in total, whether held in single or joint names.