Make the most of your savings
Do you have between $5,000 and $1 million to invest? Right now at P&N Bank, you can secure a fixed (and very attractive) Term Deposit rate of 1.60% p.a. for six months.
Regular Income Term Deposit, Interest credited to savings or paid by cheque. Rate fixed for term of deposit.
For amounts under $5,000 please refer to the SwiftSaver Account.
All term deposits: Interest will only be paid on funds invested for a minimum of 30 days. In the event of early termination of the term deposit, subject to the funds having been invested for the minimum period, interest will be calculated at the interest rate most recently published by the Reserve Bank of Australia on its website as being the “Cash Rate Target” at the time the investment is redeemed. If any interest has been paid prior to early redemption of a term deposit, any shortfall arising from the recalculation of interest in accordance with the previous paragraph will be deducted from the principal amount.
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