---
title: "Savings Plus Account — Police Bank"
description: "Transaction & Savings Accounts from Police Bank. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/police-bank/products/22f34b76-012b-4773-bc7b-d8e1dcffdd00
source: "CDR Compare"
language: en-AU
last_updated: 2026-07-28T22:48:32.822Z
---

# Savings Plus Account — Police Bank

> Transaction & Savings Accounts from Police Bank. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare.

**Transaction & Savings Accounts**

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.

## At a glance

- **Base rate:** 4.5%

## Apply

Applications are handled by the provider: [Apply at Police Bank](https://www.policebank.com.au/forms/join)

## 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 | Dishonour | $9.00 |
| Counter Cash withdrawal $25,000 and over — Per cash withdrawal $25,000 or over | Transaction | $50.00 |
| 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 |
| Additional Statement Fee — $1.50 per page. Payable if and when you request an additional statement. | Event | $5.00 |
| Counter Cash withdrawal fee up to $24,999 — First 3 free if part of Reduced Fees program | Transaction | $2.00 |

## 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**
- **Direct Debits. A facility to make direct debit payments from your account**
- **PayTo® is a modern digital payment solution offering a fast, easy and secure way to pay. It gives members more visibility and control over their payments, and enables merchants and businesses to initiate real-time payments from their customers’ bank accounts**
- **Confirmation of Payee**

## Eligibility

- **Minimum age** — 18 years
- **Residency status** — Australian Residents
- **Individuals only** (Individuals)
- **Residency status** — Australian Citizen

## More information from Police Bank

- [Overview](https://www.policebank.com.au/forms/join)
- [Eligibility](https://cdn.mediavalet.com/aunsw/policebank/n_CI-fwv206kCgMfJ02q3A/Yko5rX5CDECq8saKQs7RRg/Original/PBS10_Savings-Plus-Account-TMD.pdf)

## Data provenance

- Published by Police Bank under the Consumer Data Right
- Product ID: `22f34b76-012b-4773-bc7b-d8e1dcffdd00`
- Last updated by the provider: 28 July 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/police-bank/22f34b76-012b-4773-bc7b-d8e1dcffdd00
- Provider page: https://www.cdrcompare.au/brands/police-bank
- CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000391

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/police-bank/products/22f34b76-012b-4773-bc7b-d8e1dcffdd00) — product data published by Australian data holders under the Consumer Data Right. Not financial advice; no rankings, recommendations or affiliate relationships. Always confirm details with the provider.

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