BSB 806 015

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BSB 806 015

Retirement Rewards & Bag

& Retirement Account

Competitive 2.00%p.a. variable rate with card access*

& Retirement Term Deposit

Interest rate better than our standard 3 month Term Deposit#

& Transaction Account

No standard transaction or ongoing monthly fees^

Already retired? Or maybe thinking of making the transition soon?

Either way, with our Retirement Rewards & Bag, you can mix and match a range of products to make funding your future easier.

For starters, if you’re 55 or over, our & Retirement Account combines transactional capabilities with a competitive variable interest rate. You can access your funds through a Visa Debit card with no minimum balance required, no standard transaction fees and no monthly fee*.

Next, if you hold our & Retirement Savings Account you have the option of our & Retirement Term Deposit which rewards you with an interest rate better than our standard 3 month Term Deposit rates. As well as a fixed rate of return, there’s no monthly fee and interest is paid on maturity.

Last but not least, take out our & Retirement Account and you can also add an & Transaction Account. Again, there’s no standard transaction fees, no monthly fee, and no minimum monthly balance^.

A high variable interest rate account with no standard transaction fees, no monthly fee, and no minimum balance required.*

  • Competitive rate
  • Transactional capabilities with a Visa Debit card
  • Access your funds wherever VISA is accepted
  • No minimum balance requirement
  • No standard transaction fees
  • No monthly fee
  • Easy access -  Access your funds via Internet banking, Mobile App, Phone banking, SMS banking and more

Interest Rates

Product Name Tier Rate Interest Calculated Interest Credited
& Retirement Account > $0 2.00% p.a. Daily balance Last day of every month

Fees & Charges

Account fees & charges
Monthly Base Balance Fee

Nil

Base Balance

None

Unlimited Free Transactions
  • Payroll Credit
  • Direct Credit
  • [email protected]™ deposit¹
  • Internet Banking Transfer
  • Mobile App Transfer
  • Phone Banking Transfer
  • Express Cheque Deposit
  • Cheque Deposit
  • Cash Deposit
  • EFTPOS
  • VISA Purchase
  • BPAY®
  • Auto Transfer (internal/external)
  • Direct Debit
  • Cash Withdrawal
  • Manual Transfer
Transaction fees & charges
[email protected]™ withdrawal1$3.00 per transaction

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

¹ [email protected]™ deposits and withdrawals are available only with an P&N ATM Card or VISA Card. Cheques must be made out in the name of the cardholder to be accepted at [email protected]™ and are subject to 4 working days clearance.

® Registered to BPAY Pty Ltd ABN 69 079 137 518 

View the Product Disclosure Statement

View the Interest Rate Schedule

The & Retirement Term Deposit gives you security of a fixed interest rate better than the standard 3 month P&N Term Deposit rates, when you hold the & Retirement Account.

  • 3 month term
  • Interest paid on maturity

& Retirement Term Deposit

Term $5,000 - $24,999 $25,000 - $1,000,000
3 months 2.45% p.a. 2.45% p.a.

& Retirement Term Deposit Interest on maturity, rate fixed for term of deposit. Interest credited to savings, paid by cheque or reinvestment. 

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. ​​​

View the Term Deposit Account Terms & Conditions

View the Term Deposit Interest Rate Schedule

An everyday transaction account with no monthly fee or standard transaction fees.

    • No standard transaction fees
    • No monthly fee
    • No minimum monthly balance
    • VISA Debit Card with payWave - Access your funds wherever VISA is accepted
    • Easy access - Access your funds 24/7 via Internet banking, Mobile App, Phone banking, and more.
    • ATM access - Free and convenient access to your money at all major Bank ATMs across Australia.
    • Peace of mind - Your Visa Debit card is protected by Visa Zero Liability when using Visa payWave or pressing credit in store. Additionally, Verified by Visa adds an extra layer of security to select online transactions
    • Add the optional feature Pay&Save. With Pay&Save*, when you use your & Transaction account, you can round up Visa Debit purchases to the nearest dollar – and save the difference into an eligible P&N savings account.
    • Tap and pay with your compatible mobile phone - using Apple Pay, Google PayTM or Samsung Pay a smarter way to pay.

*Pay&Save feature will operate where sufficient funds are held in the & Transaction Account to make the Pay&Save Transaction. Pay&Save is a feature that rounds up to the nearest dollar the value of each purchase debited to the & Transaction Account using the account holder’s VISA Debit Card or the information printed on it. Eligible accounts include SwiftSaver, Hi Saver, CashSaver, Way Cool Saver and Donation Saver.

Interest Rates

Product Name Tier Rate Interest Calculated Interest Credited
& Transaction Account > $0 n/a Daily balance N/A

Fees & Charges

Account fees & charges
Monthly Base Balance Fee

Nil

Base Balance

None

Unlimited Free Transactions
  • Payroll Credit
  • Direct Credit
  • [email protected]™ deposit¹
  • Internet Banking Transfer
  • Mobile App Transfer
  • Phone Banking Transfer
  • Express Cheque Deposit
  • EFTPOS
  • VISA Purchase
  • BPAY®
  • Auto Transfer (internal/external)
  • Direct Debit
Transaction fees & charges
[email protected]™ withdrawal1$3.00 per transaction

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

¹ [email protected]™ deposits and withdrawals are available only with an P&N ATM Card or VISA Card. Cheques must be made out in the name of the cardholder to be accepted at [email protected]™ and are subject to 4 working days clearance.

® Registered to BPAY Pty Ltd ABN 69 079 137 518 

 


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2.00 % p.a. & Retirement Account Variable Interest Rate

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Helpful tools

*One of the account holders must be at least 55 years of age to open an & Retirement Account. Members may hold a maximum of one & Retirement Account as a single account and one & Retirement Account as a joint account.

#Hold an &Retirement Account and get an interest rate better than our standard 3 month Term Deposit rates.

^Non standard transaction fees and other bank and ATM fees may apply.

Terms and conditions apply. Rates stated are subject to change without notice. Any advice given is general only, and does not take into account your personal objectives, financial situation or needs. Please therefore consider whether it is appropriate for you. Please read and consider the PDS available at pnbank.com.au. Non-standard transaction fees may apply. If you do not hold an & Retirement Account at the time your & Retirement Term Deposit matures your Term Deposit will be automatically rolled over into the Money Maker Term Deposit for the same term at the prevailing rate.

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