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Make your savings work harder
Open a Hi Saver account and enjoy bonus interest for the first four months. It’s a smart, simple, set-and-forget way to kickstart your savings – because your hard-earned money deserves to grow.
Earning bonus interest? Couldn't be easier.
Open a Hi Saver account
Open a new Hi Saver account and transfer your savings in. It's super easy, too – you can open your account online!
Earn bonus interest for the first four months
This part will happen automatically, so you can put your feet up and watch the magic happen.
Watch your savings grow
Your money will grow without you needing to lift a finger (unless you want to transfer some more money in to boost your savings even further).
Ready to boost your savings?
New customer
If you’re not already banking with us, getting started is quick and easy. You can open a Hi Saver online, and it'll only take you a few minutes!
Existing customer
If you already bank with us, you can open a Hi Saver through internet banking or the mobile app.
Interest rates & fees
Four months to grow your savings with bonus interest and no fees on popular transactions? It’s a no-brainer.
Interest rates
| Rate type | Standard rate |
| Variable rate | 0.25% p.a. |
| Rate type | Bonus rate |
| Variable rate | 4.50% p.a. |
| Rate type | Total maximum rate (standard + bonus) |
| Variable rate | 4.75% p.a. |
Fees & charges
Our Hi Saver has no monthly or standard transaction fees.
Other fees and charges that may apply can be found on our account fees and charges page.
We're here to help
Open an account
You can open a Hi Saver online, and you'll have access to your account in a matter of minutes.
Get answers online
We’ve got heaps of info and answers to your questions in our comprehensive help centre.
No silly questions – just hi-value ones
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.
P&N Bank is a 'customer owned' bank which means our customers and our owners are one and the same.
So there’s no natural conflict with shareholders like at the listed banks.
Our customers own our bank, and that’s a good thing. It means any profits we make are used to improve our services, and provide benefits to our customers and the broader WA community.
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.