Dynamo/Flex Account
Learning to save has never been so easy with Police Bank’s Dynamo children’s saving account. Receive a bonus rate of interest if no withdrawals are made and and a minimum of $20 is deposited per month.
- Base rate
- 0.4%
- Bonus rate
- 2.25%
- 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 |
|---|---|---|---|
| Bonus Withdrawal limit applies · Minimum deposit amount | 2.25% | — | monthly |
| Variable Balance $50,000 or more Interest payable is capped to a maximum deposit amount of $49,999.99 | 0% | S24 T2 | monthly |
| Variable Balance $0.00 to $49,999.99 | 0.4% | S24 T1 | monthly |
Fees
| Fee | Type | Amount |
|---|---|---|
| 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 |
| 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 |
| Additional Statement Fee $1.50 per page. Payable if and when you request an additional statement. | Event | $5.00 |
| 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 |
| Counter Cash withdrawal $25,000 and over Per cash withdrawal $25,000 or over | Transaction | $50.00 |
| 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 |
Features
- Digital banking
- Internet banking. You can check your account details or make transfers anytime or anywhere using our online with Internet Banking – service is free.
- 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
- Email Address. Select the Contact Method that you would like to use for your PayID i.e. your mobile number or email address.
- Direct Credits. Make regular credits like your pay into this account
- Bonus Interest Rate available. Minimum of $20 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
- Mobile Number. Select the Contact Method that you would like to use for your PayID i.e. your mobile number or email address.
Eligibility
- Minimum age — 0 years
- Residency status — Australian Citizen
- Individuals onlyIndividuals
- Maximum age — 18 years
- Residency status — Australian Residents
More Information
Published by Police Bank under the Consumer Data Right · Last updated 28 May 2026 · Product ID 2d24914e-144d-46be-bb8b-ae9e2c8207e7 · View on CDR.gov.au · View Source Data (JSON)