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The rates outlined below are effective 09 April 2024. Rates are subject to change and may change at any time including between the time you apply for a transaction account and when your account is opened.

& Transaction Account

Variable rate Interest calculated Interest credited
N/A N/A N/A

& Retirement Account

Variable rate Interest calculated Interest credited
1.80% p.a. Daily balance End of month

Concession Account

Variable rate Interest calculated Interest credited
N/A N/A N/A

& Access Account

Variable rate Interest calculated Interest credited
N/A N/A N/A

Budgeting Account

Tier Variable rate Interest calculated Interest credited
Under $100,000 0.01% p.a. Minimum monthly balance End of month
$100,000 + 0.05% p.a.    

Business Account

Tier Variable rate Interest calculated Interest credited
Under $100,000 0.01% p.a. Minimum monthly balance End of month
$100,000 + 0.05% p.a.    

Community Account

Tier Variable rate Interest calculated Interest credited
Under $100,000 0.01% p.a. Daily balance Quarterly
$100,000 + 0.05% p.a.    

If your transaction account is overdrawn, interest will be charged on the overdrawn balance, and will be calculated daily at 16.69% p.a. and charged to the account at the end of the month or in line with the dates detailed above.


Everyday accounts no longer available

The interest rates below are the current interest rates for our everyday accounts that are no longer available for sale.

Tier Variable rate Interest calculated Interest credited
Under $100,000 0.01% p.a. Daily balance Quarterly
$100,000 + 0.05% p.a.    

Tier Variable rate Interest calculated Interest credited
Under $60,400 0.25% p.a. Daily balance Quarterly
$60,400 + 2.25% p.a.    

Tier Variable rate Interest calculated Interest credited
Under $100,000 0.01% p.a. Daily balance Quarterly
$100,000 + 0.05% p.a.    

Variable rate Interest calculated Interest credited
0.00% p.a. N/A N/A

Variable rate Interest calculated Interest credited
0.00% p.a. N/A N/A

Tier Variable rate Interest calculated Interest credited
Under $100,000 0.01% p.a. Daily balance Quarterly
$100,000 + 0.05% p.a.    

 

Tier Variable rate Interest calculated Interest credited
Under $100,000 0.01% p.a. Daily balance Quarterly
$100,000 + 0.05% p.a.    

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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.