BSB 806 015

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BSB 806 015

SwiftSaver Account

An account that rewards you with a bonus interest rate for sticking to a regular savings plan when you open your first SwiftSaver Account.

A P&N Bank SwiftSaver Account is a savings account that makes it easier to save towards a goal such as a home deposit or a holiday by rewarding you with variable bonus interest rate.

  • Earn bonus interest - be rewarded with variable bonus interest when you deposit at least $10 a month and make no withdrawals.
  • Start saving today - no minimum opening balance and no minimum balance required to earn bonus interest.
  • 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 SwiftSaver account.
  • 24/7 access -  access your funds via Internet Banking, Mobile App, Phone banking, SMS banking and more.
  • Fee free transactions - keep more of your money in your pocket. A range of fee free transactions are included in your SwiftSaver Account.
  • No monthly fees.
  • mymo – our budgeting app lets you link all your accounts, including other banks, so you can better manage your income and expenses.

Interest rates

Product Name Tier Rate
Interest Calculated Interest Credited
SwiftSaver Account (Standard Rate) > $0 0.20% p.a. Daily balance Last day of every month
SwiftSaver Account (Bonus Rate) $0 - $250,000 4.35% p.a. Daily balance Last day of every month
SwiftSaver Account (Standard & Bonus Rate) $0 - $250,000 4.55% p.a. Daily balance Last day of every month

Did you know we have a budgeting app?

Meet mymo by P&N Bank

mymo is P&N Bank's budgeting app, and your personal financial assistant.

Learn more about mymo

SwiftSaver 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
Bank@Post™ depositNot available
rediATM, BOQ & NAB ATMNot available
EFTPOSNot available
VISA PurchaseNot available
Bank@Post™ withdrawalNot available
Cheque 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 an SwiftSaver 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 SwiftSaver 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 4.55 % p.a. Interest Rate


Bonus interest applied when minimum $10 deposited and no withdrawals made from the account during the calendar month. Bonus interest is paid on balances up to $250,000 with balances in excess of $250,000 receiving the standard rate.

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 SwiftSaver Account and when your account is opened.

Members may hold a maximum of five SwiftSavers as a single account and five SwiftSavers as a joint account.

View the Terms and Conditions

View the Interest Rate Schedule

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