Term deposits
Whether you want a high interest rate, a bonus rate to keep your savings on track, or just a safe place to deposit your money, we have got something for you.
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Jump start your savings with a bonus interest rate paid for the first 4 months when you open your Hi Saver account.
When you open a Hi Saver savings account you can earn bonus interest for the first 4 months on top of the variable standard rate.
Product Name | Tier |
Rate
(Variable) |
Interest Calculated | Interest Credited |
---|---|---|---|---|
Hi Saver (Standard Rate) | > $0 | 1.00% p.a. | Daily balance | Last day of every month |
Hi Saver (Bonus Rate) | > $0 | 4.15% p.a. | Daily balance | Last day of every month |
Hi Saver (Standard & Bonus Rate) | > $0 | 5.15% p.a. | Daily balance | Last day of every month |
Meet mymo by P&N Bank
mymo is P&N Bank's budgeting app, and your personal financial assistant.
Account fees & charges | |
Monthly Base Balance Fee | Nil |
Base Balance | None |
Unlimited Free Transactions |
|
Transaction fees & charges | |
Bank@Post™ deposit | Not available |
rediATM, BOQ & NAB ATM | Not available |
EFTPOS | Not available |
VISA Purchase | Not available |
Bank@Post™ withdrawal | Not available |
Cheque withdrawal | Not 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.
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.
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:
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.
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.
^ The Hi Saver bonus interest rate applies for the first four months from account opening date. At the end of the bonus period the standard ongoing variable interest rate appliable at that time will apply. If your Hi Saver account was opened on or after 1 April 2023, balances above $0 will be eligible for the bonus rate for the first four months from the date of opening your account. If your Hi Saver account was opened before 1 April, 2023 please refer to the Savings and Transaction Interest Rate Schedule for current rates applicable.
A member may hold a maximum of 1 Hi Saver account as a single account owner and 1 Hi Saver account as a joint account owner. You may apply to open a Hi Saver account 12 months from the date of closing any previously owned Hi Saver account as a single or joint account holder.
View the Terms and Conditions
View the Savings Account Interest Rate Schedule
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