Savvy Saver Account
Want a savings account to deposit and hold or withdraw money for personal use without being penalised? A savings account that earns you additional bonus interest when the monthly bonus interest criteria is met each month.
- Base rate
- 0.2%
- Bonus rate
- 5.05%
- conditions apply
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Bundle bonus Rate available to existing customers. · Rate is applied when you deposit at least $500 into your eligible transaction account from an external source. · Rate is applied when you make 5 eligible Visa Debit card transactions from your linked transaction account. · Rate available for new accounts. · Rate available to new customers. · Bonus interest is paid on balances up to $100,000 with balances in excess of $100,000 receiving the standard rate. | 5.05% | — | monthly |
| Variable Rate available to existing customers. · Rate available for new accounts. · Rate available to new customers. | 0.2% | Floating Balance Tier 1 | monthly |
| Variable Rate available to existing customers. · Rate available for new accounts. · Rate available to new customers. | 0.2% | Floating Balance Tier 2 | monthly |
Fees
| Fee | Type | Amount |
|---|---|---|
| Overseas Telegraphic Transfer Fee $45 per staff assisted telegraphic transfer sent in AUD currency. $30 per staff assisted telegraphic transfer sent in a foreign currency. | Transaction | $45.00 |
| International Transfer Fee Per online banking transfer sent in a foreign currency. | Transaction | $15.00 |
| Bank Cheque Fee Per bank cheque requested by you. | Event | $10.00 |
| Cash Handling Fee Coin and note deposits are available at P&N branches. Coin deposits must be counted and bagged by customers or you will be charged 5% of the coin amount. Note deposits more than $10,000 per day will be charged at 0.25% of the deposit amount. | Transaction | Variable |
| Cash Passport Fee For the initial activation and each currency top-up requested in branch. | Event | $10.00 |
| Statement Retrieval Fee Fee applies for statements over 12 months old. Payable on request to issue a copy of a previously issued statement. | Replacement | $2.50 |
Features
- Digital banking
- Transfer or make payments using our mobile app or internet banking. Payments made with PayID or using Osko are received in near real-time.
- Real-time payments (NPP)
- Transfer or make payments using our mobile app or internet banking. Payments made with PayID or using Osko are received in near real-time.
- PayID
- Use your phone or email address as your PayID to securely send payments to and from banks almost instantly.
- Eligible members can deposit foreign cheques in branch. $10 fee for foreign cheque deposits up to $25,000 AUD and $60 fee for foreign cheque deposits over $25,000 AUD. Please contact us or visit your nearest branch for more information.
- Earn bonus interest, when you deposit at least $500 into your eligible transaction account from an external source and make 5 eligible Visa Debit card transactions from your linked transaction account each month. For details refer to the website.
- Unlimited transactions
- Save money with no monthly, minimum balance or transaction fees. Other fees and charges may apply. Please visit our website for full information.
Eligibility
- Minimum age — 18 years
- Individuals onlyMember must be a natural person rather than another legal entity.
- You must be or become a P&N Bank member
- Residency status — You must be an Australian citizen and/or resident or a non-resident with a qualifying visa evidencing 12 months or longer residency. A valid Australian address is required to open an account. Membership eligibility applies.
Constraints
- Maximum balance — $5,000,000.00Maximum balance is $5,000,000
More Information
Published by P&N Bank under the Consumer Data Right · Last updated 16 July 2026 · Product ID 280 · View on CDR.gov.au