Great rate
No short-term welcome rates here. Just an ongoing great rate for eligible customers.
No monthly fees
Monthly fees? Not on our watch. Keep your savings where they belong - in your account.
No minimum balance
Earn interest on every dollar in your account.
Save as you spend
Link your & Transaction Account and save on autopilot with Pay&Save.
We mean it when we say it all adds up
Stay on track and smash your savings goals. It’s simple – deposit $10 or more each month, and make no withdrawals, and we’ll reward your hands-off approach with bonus interest. It’s like a high-five from your bank account!
And you can split up your savings goals by personalising your account names in internet banking or the mobile app. No more confusion over which account is your holiday fund or your rainy-day pot.
Accelerate your savings
- No minimum balance or opening amount required.
- Open up to five accounts to make saving for different goals simple.
- Earn bonus interest each month by depositing $10 or more and making no withdrawals.
- 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 to earn bonus interest
Deposit at least $10
Add $10 or more into the account each month.
Make no withdrawals
Resist temptation and don’t transfer out or withdraw any money.
Get paid bonus interest
Hooray, you did it! You’ll get your bonus interest payment at the end of the month.
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 SwiftSaver 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
No surprises with our SwiftSaver! Just a great rate that rewards you for consistent saving.
Interest rates
| Rate type | Tier | Interest rate | Interest calculated | Interest credited |
|---|---|---|---|---|
| Standard rate | $0 + | 0.05% p.a. | Daily | End of month |
| Bonus rate | Under $250,000 | 4.45% p.a. | Daily | End of month |
| Total maximum rate (standard + bonus) | Under $250,000 | 4.50% 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 SwiftSaver Account with Pay&Save.
There's no such thing as a silly question
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 have up to five SwiftSaver accounts in your name and five in joint names to help you meet your savings goals. And you can easily open them online in a matter of minutes.
Once you’ve opened your first account either online or in a branch, you can open up more SwiftSaver accounts in you own name in internet banking or the mobile app. If you would like to open multiple accounts in joint names you will need to call us on 13 25 77.
Having multiple savings accounts allows you to save for different goals, without the risk of dipping into the wrong account.
To be eligible to earn bonus interest on your SwiftSaver Account, you'll need to deposit at least $10 each month and not make any withdrawals.
If you do need to withdraw some money, no worries - you'll have another chance to earn that extra interest next month.
If you withdraw money from your SwiftSaver Account, you'll earn the standard interest rate for the month, but you won't be eligible to score the bonus interest payment. Don't worry though – there's always next month to try and earn that extra interest!
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.
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.
Members may hold a maximum of five SwiftSavers as a single account and five SwiftSavers as joint accounts.
BPAY® is registered to BPAY Pty Ltd ABN 69 079 137 518.