To earn bonus interest on your Savvy Saver, you need to receive at least $500 into an eligible & Transaction Account and make five or more card purchases each month.
The minimum monthly deposit of $500 must come from an external account or a P&N Bank account that’s not in your name. This means you could transfer funds from another bank each month, or have your employer directly deposit your salary into your & Transaction Account.
Cash and cheque deposits, or payments received via telegraphic transfer, are not included.
Tip! Getting your salary paid directly to your & Transaction Account is the easiest way to meet the monthly deposit requirement.
Eligible transactions include payments made using Visa payWave, your physical Visa Debit card, a digital wallet, or online using your Visa Debit card details. Keep in mind that these transactions must be fully processed by the end of the month – any transactions that are still pending will not count toward your five purchases.
All eligible transactions must be made using your Visa Debit card linked to your & Transaction Account. Cash withdrawals, balance enquiries, and transfers between your own accounts are not included.