Savings account interest rates

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Savings account interest rates

The rates outlined below are effective 01 May 2025. Rates are subject to change and may change at any time including between the time you apply for a savings account and when your account is opened.

Savvy Saver Account

Rate type	Tier	Variable rate	Interest calculated	Interest credited
Standard rate	$0 +	0.45% p.a.	Daily balance	End of month
Bonus rate	Up to $100,000	4.55% p.a.
Standard & bonus rate	Up to $100,000	5.00% p.a.

Rate type	Standard rate
Tier	$0 +
Variable rate	0.45% p.a.
Interest calculated	Daily balance
Interest credited	End of month
Rate type	Bonus rate
Tier	Up to $100,000
Variable rate	4.55% p.a.
Interest calculated
Interest credited
Rate type	Standard & bonus rate
Tier	Up to $100,000
Variable rate	5.00% p.a.
Interest calculated
Interest credited

Hi Saver Account

Rate type	Variable rate	Interest calculated	Interest credited
Standard rate	0.25% p.a.	Daily balance	End of month
Bonus rate	4.50% p.a.
Standard & bonus rate	4.75% p.a.

Rate type	Standard rate
Variable rate	0.25% p.a.
Interest calculated	Daily balance
Interest credited	End of month
Rate type	Bonus rate
Variable rate	4.50% p.a.
Interest calculated
Interest credited
Rate type	Standard & bonus rate
Variable rate	4.75% p.a.
Interest calculated
Interest credited

SwiftSaver Account

Rate type	Tier	Variable rate	Interest calculated	Interest credited
Standard rate	$0 +	0.05% p.a.	Daily balance	End of month
Bonus rate	Up to $250,000	4.20% p.a.
Standard & bonus rate	Up to $250,000	4.25% p.a.

Rate type	Standard rate
Tier	$0 +
Variable rate	0.05% p.a.
Interest calculated	Daily balance
Interest credited	End of month
Rate type	Bonus rate
Tier	Up to $250,000
Variable rate	4.20% p.a.
Interest calculated
Interest credited
Rate type	Standard & bonus rate
Tier	Up to $250,000
Variable rate	4.25% p.a.
Interest calculated
Interest credited

Way Cool Saver Account

Tier	Variable rate	Interest calculated	Interest credited
Under $5,000	2.80% p.a.	Daily balance	End of month
$5,000 +	0.00% p.a.

Tier	Under $5,000
Variable rate	2.80% p.a.
Interest calculated	Daily balance
Interest credited	End of month
Tier	$5,000 +
Variable rate	0.00% p.a.
Interest calculated
Interest credited

Business Saver Account

Tier	Variable rate	Interest calculated	Interest credited
Under $5,000	1.00% p.a.	Daily balance	End of month
$5,000 +	1.25% p.a.

Tier	Under $5,000
Variable rate	1.00% p.a.
Interest calculated	Daily balance
Interest credited	End of month
Tier	$5,000 +
Variable rate	1.25% p.a.
Interest calculated
Interest credited

If your savings account is overdrawn, interest will be charged on the overdrawn balance, and will be calculated daily at 16.69% p.a. and charged to the account at the end of the month or in line with the dates detailed above.

Savings accounts no longer available

The interest rates below are the current interest rates for our savings accounts that are no longer available for sale.

Rate type	Variable rate	Interest calculated	Interest credited
Donation Saver	0.25% p.a.	Daily balance	End of month
Charity donation	1.00% p.a.	Annual average balance	End of financial year

Rate type	Donation Saver
Variable rate	0.25% p.a.
Interest calculated	Daily balance
Interest credited	End of month
Rate type	Charity donation
Variable rate	1.00% p.a.
Interest calculated	Annual average balance
Interest credited	End of financial year

Tier	Variable rate	Interest calculated	Interest credited
Under $5,000	0.00% p.a.	Daily balance	End of month
$5,000 +	0.25% p.a.

Tier	Under $5,000
Variable rate	0.00% p.a.
Interest calculated	Daily balance
Interest credited	End of month
Tier	$5,000 +
Variable rate	0.25% p.a.
Interest calculated
Interest credited

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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.