Transfer freely
Even when you move money in and out of your savings, you’ll still earn interest.
No monthly fees
Monthly fees? Not on our watch. Keep your savings where they belong - in your account.
Peace of mind
Total deposits up to $250k are protected by the Financial Claims Scheme.
Save as you spend
Link your & Transaction Account and save on autopilot with Pay&Save.
Interested in bonus interest?
Finally, an account worthy of the money you’ve worked so hard to save! Earn bonus interest on top of the variable standard rate for the first four months from the date you open your account. Think of it as a reward for all your hard work saving.
Want to crunch the numbers first? You can work out your potential bonus interest earnings with our savings and term deposit calculator. Then open your account online and start making your calculations a reality – it’s that easy!
Sit back and watch your savings grow
- Earn bonus interest on your savings for the first four months from the date you open the account, even if you make withdrawals.
- No minimum balance or opening amount required.
- Transfer or make payments using our mobile app or internet banking. Payments made with PayID or using Osko are received in near real-time.
- Rest easy knowing total deposits up to $250,000 are protected by the Financial Claims Scheme.
How the bonus interest works
Start by opening a Hi Saver account and transferring your savings in – then the rest happens automatically. Your money will work away, earning you bonus interest for the first four months it’s in the account. Talk about simple!
Open an account
Deposit your savings into a new Hi Saver account.
Earn bonus interest
You'll be rewarded with bonus interest on your savings for the first four months.
Watch your savings grow
Your savings will grow without you even needing to lift a finger (unless you want to transfer some extra money in).
Budget like a boss with mymo
mymo is your personal banking buddy. It’s an app you can use with your P&N Bank accounts to help you budget like a boss.
Link up all your bank accounts to see all your income and expenses at a glance, track your spending, and set up bill reminders. Budget smarter, save more, and waste less.
Save as easily as you spend with Pay&Save
Pay&Save is like saving on autopilot
You can automatically round up every purchase you make with your & Transaction Account to the nearest $1, $5 or $10. It’s your choice. Pay&Save then sweeps the difference into your savings account when you pay for something.
Coffee. Fuel. Cake. Don’t forget the cake. All those rounded-up purchases will soon add up with Pay&Save – so you get extra Ker-chang with your Ka-ching!
What are you waiting for?
It's easy – open a savings account alongside your & Transaction account and link them together in the app. Ka-ching!
Discover Pay&Save
Open your Hi Saver Account online in minutes
Existing customers
Already bank with P&N? Great choice - simply login to internet banking or go to the mobile app to open your new account.
New customers
If you’re over 18 years of age, you can open your account online in minutes. You’ll become a customer and enjoy all of the benefits of banking with P&N.
Open your account in a branch
We're happy to meet you if you choose to open your account at your nearest branch.
New customers
If you're a new customer you’ll need to be at least 18 years old and have a current Australian drivers licence or passport to open your account online.
You will also need to be:
- an individual (not a business or association)
- an Australian resident with a current Australian residential address.
Handy hint: Have your tax file number ready. If you earn more interest than the limit set by the ATO, you need to pay tax. To avoid this, provide your tax file number when applying.
Open your account in a branch
If you don’t already bank with us you’ll need to bring your Australian driver's licence or a valid Australian passport for ID.
A list of alternative identification documents is available for anyone who:
- is under 18 years of age
- is a non-resident
- doesn't have an Australian photo identity document
Existing customers
Already bank with P&N? Great choice - simply login to internet banking or go to the mobile app to open your new account.
New customers
If you’re over 18 years of age, you can open your account online in minutes. You’ll become a customer and enjoy all of the benefits of banking with P&N.
Open your account in a branch
We're happy to meet you if you choose to open your account at your nearest branch.
New customers
If you're a new customer you’ll need to be at least 18 years old and have a current Australian drivers licence or passport to open your account online.
You will also need to be:
- an individual (not a business or association)
- an Australian resident with a current Australian residential address.
Handy hint: Have your tax file number ready. If you earn more interest than the limit set by the ATO, you need to pay tax. To avoid this, provide your tax file number when applying.
Open your account in a branch
If you don’t already bank with us you’ll need to bring your Australian driver's licence or a valid Australian passport for ID.
A list of alternative identification documents is available for anyone who:
- is under 18 years of age
- is a non-resident
- doesn't have an Australian photo identity document
Rates & fees
Four months to grow your savings with bonus interest? It’s a no-brainer.
Interest rates
| Rate type | Interest rate | Interest calculated | Interest credited |
|---|---|---|---|
| Standard rate | 0.50% p.a. | Daily | End of month |
| Bonus rate | 4.50% p.a. | Daily | End of month |
| Total maximum rate (standard + bonus) | 5.00% p.a. | Daily | End of month |
| The basics | |
|---|---|
| Monthly fee | $0 |
| Minimum monthly balance | No |
| Everyday transactions | |
|---|---|
| Internet banking & mobile app transfer | Free |
| BPAY® transaction | Free |
| Direct debits and direct credits | Free |
Other fees and charges may apply. For more information, please read the full list of account fees and charges.
Save seamlessly
Round up your purchases from an & Transaction Account to your Hi Saver with Pay&Save.
Don't be shy about your questions
If you’re new to P&N Bank you can easily open an account online in a matter of minutes.
You’ll need to:
- be at least 18 years old
- have a current Australian driver’s licence or Australian passport document
- have access to your mobile phone with a camera
You can open most of our everyday and savings accounts online, and from there you'll also be able to open a term deposit from internet banking or the mobile app.
If you already bank with us – great choice! You can open most deposit accounts in your name online by going to ‘Apply’ in internet banking or ‘Open account’ in the mobile app.
You can hold one Hi Saver Account in your name and one in joint names.
If you choose to close your account, you’ll be eligible to open another Hi Saver Account in 12 months time, giving you another opportunity to earn that rewarding bonus interest.
When the bonus interest term of your HiSaver Account ends, you will continue to earn the standard variable rate.
You can open a new savings account online at any time in internet banking or the mobile app.
We understand that sometimes seeing a friendly face and doing your banking in person can be nice. And we welcome you at our branches located throughout the Perth metropolitan area from Joondalup to Mandurah, and down south in Bunbury.
Use our Branch Locator to find your nearest P&N Bank branch.
Remember, there are a wide range of actions you can undertake in the mobile app or internet banking for your convenience.
Please contact us on 13 25 77 if you'd like to speak to a team member.
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. Credit eligibility criteria, terms & conditions, fees & charges apply.
Read the relevant product terms and conditions before deciding if a product is right for you.
The Hi Saver bonus interest rate applies for the first four months on daily closing balances from account opening date. At the end of the bonus period the standard ongoing variable interest rate 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 bonus interest will be paid on the total balance of your Hi Saver Account on each day on which the closing balance of your account is $5,000 or greater, for a period of four months from the date of opening your account.
A member may hold a maximum of one Hi Saver account as a single account owner and one 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.
BPAY® is registered to BPAY Pty Ltd ABN 69 079 137 518.