The rates outlined below are effective 16 July 2026. 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 |
Concession Account¹
| 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 |
Easypay Access Account
| Tier | Variable rate | Interest calculated | Interest credited |
|---|---|---|---|
| Up to $99,999 | 0.00% p.a. | Daily balance | Quarterly |
| Over $100,000 | 0.00% p.a. |
Budgeting Account
| Tier | Variable rate | Interest calculated | Interest credited |
|---|---|---|---|
| Under $100,000 | 0.00% p.a. | Minimum monthly balance | End of month |
| $100,000 + | 0.00% p.a. |
Business Account
| Tier | Variable rate | Interest calculated | Interest credited |
|---|---|---|---|
| Under $100,000 | 0.00% p.a. | Minimum monthly balance | End of month |
| $100,000 + | 0.00% p.a. |
Community Account
| Tier | Variable rate | Interest calculated | Interest credited |
|---|---|---|---|
| Under $100,000 | 0.00% p.a. | Daily balance | Quarterly |
| $100,000 + | 0.00% p.a. |
Momentum Account²
| Tier | Variable rate | Interest calculated | Interest credited |
|---|---|---|---|
| $0 - $9,999.99 | 0.30% p.a. | Daily balance | Monthly |
| $10,000 - $49,999.99 | 1.60% p.a. | ||
| $50,000 - $99,999.99 | 2.10% p.a. | ||
| $100,000 + | 2.45% 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.
| Variable rate | Interest calculated | Interest credited |
|---|---|---|
| 0.95% p.a. | Daily balance | End of month |
| Tier | Variable rate | Interest calculated | Interest credited |
|---|---|---|---|
| Under $100,000 | 0.00% p.a. | Daily balance | Quarterly |
| $100,000 + | 0.00% p.a. |
| Tier | Variable rate | Interest calculated | Interest credited |
|---|---|---|---|
| Under $66,800.00 | 1.25% p.a. | Daily balance | Quarterly |
| $66,800.01 + | 3.25% p.a. |
| Tier | Variable rate | Interest calculated | Interest credited |
|---|---|---|---|
| Under $100,000 | 0.00% p.a. | Daily balance | Quarterly |
| $100,000 + | 0.00% 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 | 0.00% p.a. | Daily balance | Quarterly |
| $100,000 + | 0.00% 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. Eligibility criteria, terms & conditions, fees & charges apply.
Read the relevant product terms and conditions before deciding if a product is right for you.
Deposits may be guaranteed by the Australian Government’s Financial Claims Scheme, which is a government-backed safety net for deposits of up to $250,000 (per account holder per Authorised Deposit-taking Institution).
1. Concession Account
To be eligible for the Concession Account each account holder must have one of the following Australian government cards:
- Commonwealth Senior Health Card
- Pensioner Concession Card
- Health Care Card
- Department of Veteran's Affairs Card (DVA)
2. Momentum Account
One of the account holders must be at least 55 years of age. Customers can hold up to three Momentum Accounts in total, whether held in single or joint names.
A stepped interest rate is paid on the portion of the account balance within each tier, at the applicable rate for that tier. For example, the interest rate paid on the first $9,999.99 of your account balance may be different to the interest rate paid on any account balance of $10,000 or more.