Savings Plus Account
This high interest rate savings account helps you to earn more on your money. You can manage this account through internet & mobile banking and our app, however you can't access to your funds via a VISA debit card.
- Base rate
- 4.5%
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 $0 to $49,999 | 1% | Tier 1 | monthly |
| Variable Balance $100,000 to $249,999 | 4.5% | Tier 3 | monthly |
| Variable Balance $50,000 to $99,999 | 1.75% | Tier 2 | monthly |
| Variable Over $250,000 | 0.5% | Tier 4 | monthly |
Fees
| Fee | Type | Amount |
|---|---|---|
| Third Party Costs At Cost. Any costs charged to us from a third party will be passed on to you. Information on these costs is available on request. | Event | $0.00 |
| External Electronic Periodical Payments If part of the Reduced Fees program, the first 3 transactions are free. Per transaction if Police Bank staff set up on your behalf. | Transaction | $1.00 |
| 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 |
| Dormant Accounts fee After 3 years an account is classed as dormant if no Member transactions occur. Interest, fees and government charges are not classed as transactions. | Event | $10.00 |
| 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 |
| Direct Debit Dishonour Fee Direct Debit Dishonour Fee per transaction |
Features
- PayID
- Email Address. Select the Contact Method that you would like to use for your PayID i.e. your mobile number or email address.
- 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.
- PayID
- Mobile Number. Select the Contact Method that you would like to use for your PayID i.e. your mobile number or email address.
- Digital banking
- Internet banking. You can check your account details or make transfers anytime or anywhere using online with Internet Banking – the service is free.
- Real-time payments (NPP)
- NPP Payments The 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
- Periodical Payments. Account allows Periodical Payments via Cheque and can also make External Periodical Payments
Eligibility
- Minimum age — 18 years
- Residency status — Australian Residents
- Individuals onlyIndividuals
- Residency status — Australian Citizen
More Information
Published by Police Bank under the Consumer Data Right · Last updated 26 May 2026 · Product ID 22f34b76-012b-4773-bc7b-d8e1dcffdd00 · View on CDR.gov.au · View Source Data (JSON)