BSB 806 015

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Following the Reserve Bank of Australia's announcement on Tuesday 3 May, we have released information on interest rate changes. View details

BSB 806 015

Hi Saver Account

A high interest savings account for balances of $5,000 or more with no monthly account fees and the potential to earn bonus interest for the first 4 months when you open your first Hi Saver account.

When you open a Hi Saver savings account and maintain a balance of $5,000 or more, you can earn bonus interest at the variable bonus interest rate for the first 4 months on top of the variable standard rate.

  • Bonus interest rate - open an account and maintain a minimum account balance of $5,000 and earn a variable bonus interest rate for the first 4 months.
  • Automatically save - with P&N's Pay&Save. Link to an & Transaction Account with Pay&Save and you can round up Visa Debit purchases to the nearest dollar – and save the difference into your Hi Saver account.
  • No account fees - and no minimum opening balance.
  • No strings attached - no regular deposits required and you're not locked into a fixed term.
  • Fee free transactions - keep more of your money in your pocket. A range of fee free transactions are included in your Hi Saver Account.
  • Easy access -  access your funds 24/7 via Internet Banking, Mobile App, phone banking, SMS banking and more.

Interest rates

Product Name Tier Rate
Interest Calculated Interest Credited
Hi Saver (Standard Rate) $0 - $4,999 0.00% p.a. Daily balance Last day of every month
Hi Saver (Standard Rate) > $5,000 0.05% p.a. Daily balance Last day of every month
Hi Saver (Bonus Rate) > $5,000 0.60% p.a. Daily balance Last day of every month
Hi Saver (Standard & Bonus Rate) > $5,000 0.65% p.a. Daily balance Last day of every month

Hi Saver Account fees & charges

Account fees & charges
Monthly Base Balance Fee


Base Balance


Unlimited Free Transactions
  • Payroll Credit
  • Direct Credit
  • Internet Banking Transfer
  • Mobile App Transfer
  • Phone Banking Transfer
  • Express Cheque Deposit
  • Cheque Deposit
  • Cash Deposit (notes)
  • Direct Debit from another institution to P&N Bank
  • Internet Banking Transfer
  • Mobile App Transfer
  • Phone Banking Transfer
  • BPAY®
  • Auto Transfer (internal/external)
  • Direct Debit
  • Cash Withdrawal
  • Manual Transfer
Transaction fees & charges
[email protected]™ depositNot Available
rediATM, BOQ & NAB ATMNot Available
EFTPOSNot Available
VISA PurchaseNot Available
[email protected]™ withdrawalNot Available

The table above covers fees and charges related to this product.

Other fees & charges that apply to all of our accounts can be found on our fees and charges page

® Registered to BPAY Pty Ltd ABN 69 079 137 518

It’s easy to apply for a Hi Saver Account with P&N Bank.

For existing members:

Apply online

If you're 18 years of age with Internet banking access you can Log In and go to Apply. You can open a Hi Saver account and a range of other savings and term deposit accounts in minutes.

Over the phone

Call us on 13 25 77 and one of our friendly consultants can assist you.

In person

Apply for a bank account at your nearest branch.

For new members:

Apply online

If you are not an existing P&N Bank member you can open your account online.

To apply for an account online you must:

  • be 18 years of age
  • be an individual
  • be an Australian resident with a current Australian residential address, and
  • have two forms of identification, either an Australian Drivers Licence, Australian Passport or Medicare card.

To open a new account you must become a P&N Bank member.

You don’t have to quote your Tax File Number or claim an exemption, however, if you don’t, you could have withholding tax deducted from any interest credited. You can supply your Tax File Number at any time by visiting a branch or contacting us.

In person

Apply for a bank account at your nearest branch. You must be 12 years of age or older.

If you’re joining as a brand new member, you need your Australian driver's licence or a valid passport. You can also use one form of primary ID without your photo (eg. your birth certificate or citizenship papers) with one form of secondary ID (eg. your most recent power bill). Original and certified copies of documents are accepted.

Up to 0.65 % p.a. Interest Rate


Hi Saver bonus interest rate valid for accounts that maintain an account balance of $5,000 or more. Bonus interest rate applies to first 4 months from account opening.

Standard interest rate valid for accounts that maintain an account balance of $5,000 or more. No interest payable on amounts below $5,000.

Each of the Standard Interest Rate and the Bonus Interest Rate are variable and are subject to change and may change at any time including between the time you apply for a P&N Hi Saver Account and when your account is opened.

Members who hold or who have held, a CashSaver account (either as a single or joint account) cannot apply for or hold a Hi Saver account. Members may hold a maximum of one Hi Saver as a single account and one Hi Saver as a joint account.

View the Terms and Conditions

View the Hi Saver Account Interest Rate Schedule

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