Bonus Saver Account
Reach your goals faster with Police Bank’s Bonus Saver Account which rewards you for saving your hard earned money. Simply deposit a minimum of $100 a month with no withdrawals and you will receive a bonus interest rate on your savings.
- Base rate
- 0.05%
- Bonus rate
- 4.5%
- conditions apply
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable May be applicable if your account becomes overdrawn | 11.96% | — | — |
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable Balance $500 to $10,000 | 0.05% | S23 T2 | monthly |
| Variable Balance $0 to $499 | 0.05% | S23 T1 | monthly |
| Variable Balance $10,001 or more | 0.05% | S23 T3 | monthly |
| Bonus Withdrawal limit applies · Minimum deposit amount | 4.5% | — | monthly |
Fees
| Fee | Type | Amount |
|---|---|---|
| Counter Cash withdrawal $25,000 and over Per cash withdrawal $25,000 or over | Transaction | $50.00 |
| Additional Statement Fee $1.50 per page. Payable if and when you request an additional statement. | Event | $5.00 |
| Document Retrieval Fee Minimum $22.77 per hour retrieval fee and minimum $30 per hour administrative fee. Payable on request for documents to be retrieved | Event | $0.00 |
| Default Notice Fee Payable if and when we send you a default notice for an overdrawn account where an arrears remains unremedied after we have sent you an arrears letter | Event | $21.50 |
| Counter Cash withdrawal fee up to $24,999 First 3 free if part of Reduced Fees program | Transaction | $2.00 |
| Overdrawn Savings Account Fee Payable when any Savings Account is overdrawn by $75 or more within a calendar month Interest will also be charged at the then current Overdraft interest rate | Event | $15.00 |
Features
- Digital banking
- Phone banking. You can check your account details or make transfers anytime or anywhere online with Internet Banking – the service is free.
- Direct Credits. Make regular credits like your pay into this account
- Real-time payments (NPP)
- NPP allows participating banks and financial institutions to process, clear and settle Osko® Fast Payments (which are payments made and received in near real-time) and NPP Quick Payments.
- Contributes to Reduced Fees Program. Simply maintain a combined monthly balance of $5000 or more worth of savings, investments or loans and you will receive more fee free ATM and EFTPOS transactions as well as qualify for fee rebates.
- Bonus Interest Rate available. Minimum of $100 to be deposited each month in order to achieve bonus interest. If a withdrawal is made in a month then no bonus interest will be paid.
- PayID
- Email Address. Select the Contact Method that you would like to use for your PayID i.e. your mobile number or email address.
Eligibility
- Residency status — Australian Residents
- Residency status — Australian Citizen
- Minimum age — 18 years
- Police Officers. Bonus Saver Account is only available to current Police Officers or a Retired Police Officer(s) who are a member of a Union that is associated with the Police Federation of Australia. This Includes NSW Police Association (including associate members), and the Australian Federal Police Association.
- Individuals onlyIndividuals
More Information
Published by Police Bank under the Consumer Data Right · Last updated 1 June 2026 · Product ID 0d555012-2f96-4f16-b5a8-6e12aa15f9fa · View on CDR.gov.au · View Source Data (JSON)