Smart Saver Account
Smart way to save for your goals. A simple, goal based savings account that rewards regular saving.
- Base rate
- 0.5%
- Bonus rate
- 4.6%
- conditions apply
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Bonus Rate available to existing customers. · Rate is applied when no withdrawals are made within the calendar month. · Rate is applied when a minimum of $100 is deposited within the calendar month. · Rate available for new accounts. · Rate available to new customers. · Bonus interest is paid on balances up to $250,000 with balances in excess of $250,000 receiving the standard rate. | 4.6% | Bonus | monthly |
| Variable Rate available to existing customers. · Rate available for new accounts. · Rate available to new customers. | 0.5% | Floating | 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.
Eligibility
- Minimum age — 18 yearsMinimum of 18 years of age or older.
- Individuals onlyMember must be a natural person rather than another legal entity.
- Customers may hold up to a total of 3 Smart Saver Account accounts under single or joint names.
- Earn bonus interest when you make a minimum deposit of $100 and no withdrawals to the account in the calendar month.
- 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.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 — $250,000.00Bonus interest is not paid on balances exceeding $250,000.
More Information
Published by P&N Bank under the Consumer Data Right · Last updated 16 July 2026 · Product ID 293 · View on CDR.gov.au