P&N Bank
Savvy Saver Account
P&N Bank · trans and savings accounts
Provider last updated this product 2026-09-30.
Want a savings account to deposit and hold or withdraw money for personal use without being penalised? A savings account that earns you additional bonus interest when the monthly bonus interest criteria is met each month.
Deposit rates
| Type | Rate | Term | Calculated | Applies to | Conditions | Interest |
|---|---|---|---|---|---|---|
| BUNDLE_BONUS | 5.05% | - | monthly | - | - | calculated monthly, paid monthly |
| Rate available to existing customers. Rate is applied when you deposit at least $500 into your eligible transaction account from an external source. Rate is applied when you make 5 eligible Visa Debit card transactions from your linked transaction account. Rate available for new accounts. Rate available to new customers. Bonus interest is paid on balances up to $100,000 with balances in excess of $100,000 receiving the standard rate. | ||||||
| VARIABLE | 0.20% | - | daily | $0 - $99,999.99 | - | calculated daily, paid monthly |
| Rate available to existing customers. Rate available for new accounts. Rate available to new customers. | ||||||
| VARIABLE | 0.20% | - | daily | $100,000+ | - | calculated daily, paid monthly |
| Rate available to existing customers. Rate available for new accounts. Rate available to new customers. | ||||||
Fees
| Fee | Type | Amount | Details |
|---|---|---|---|
| Overseas Telegraphic Transfer Fee | TRANSACTION | $45 | $45 per staff assisted telegraphic transfer sent in AUD currency. $30 per staff assisted telegraphic transfer sent in a foreign currency. |
| International Transfer Fee | TRANSACTION | $15 | Per online banking transfer sent in a foreign currency. |
| Bank Cheque Fee | EVENT | $10 | Per bank cheque requested by you. |
| Cash Handling Fee | TRANSACTION | - | 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. |
| Cash Passport Fee | EVENT | $10 | For the initial activation and each currency top-up requested in branch. |
| Statement Retrieval Fee | REPLACEMENT | $2.50 | Fee applies for statements over 12 months old. Payable on request to issue a copy of a previously issued statement. |
| Manual Trace Fee | TRANSACTION | $40 | Charged for your request to manually trace a payment to confirm receipt of payment. |
| Audit Certificate Fee | EVENT | $30 | Charged per audit certificate request. |
| RTGS From Another Bank | TRANSACTION | $8 | Per payment received into your account. To cover the cost of processing 'SWIFT' payments from overseas and same day local payments through 'RTGS' (Real Time Gross Settlement) systems. |
| External Auto Transfer Fee | TRANSACTION | $3 | Staff assisted creation of a recurring auto transfer payment to another organisation. Charged per payment. |
| Manual External Transfer Fee | TRANSACTION | $2.50 | Staff assisted manual transfer to another organisation. Charged per transfer. |
| RTGS To Another Bank | TRANSACTION | $25 | Per payment sent from your account. To cover the cost of processing 'SWIFT' payments as same day local payments through 'RTGS' (Real Time Gross Settlement) systems. |
| Referral Fee | EVENT | $3.50 | Where an account has insufficient available funds to cover an auto transfer or direct debit transaction, and the transaction is honoured by P&N Bank. |
| Dishonour Fee | DISHONOUR | $6 | Where a direct debit is dishonoured due to insufficient funds. |
| Auto Transfer Dishonour Fee | DISHONOUR | $6 | Charged where there are insufficient funds in your account when an external auto transfer or BPAY payment is due to be made. |
| Overdrawn Acct Management Fee | EVENT | $10 | A fee applied in relation to any month where we allow the approved credit limit on your account to be exceeded by more than $50 or, if your account does not have an approved credit limit, if we allow you to overdraw your account by more than $50. |
Rate history
The figures behind this chart
| From | Until | Rate |
|---|---|---|
| 2026-07-15 | 2026-09-30 (current) | 5.05% |
Published figures as captured daily since 2026-07-15. A step is the day the provider's published figure changed; days without a published figure carry the last published value.
Features
- Eligible members can deposit foreign cheques in branch. $10 fee for foreign cheque deposits up to $25,000 AUD and $60 fee for foreign cheque deposits over $25,000 AUD. Please contact us or visit your nearest branch for more information.
- Earn bonus interest, when you deposit at least $500 into your eligible transaction account from an external source and make 5 eligible Visa Debit card transactions from your linked transaction account each month. For details refer to the website.
Who can apply
- min age - 18
- natural personMember must be a natural person rather than another legal entity.
- otherYou 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.
Limits
- max balance - 5000000.00Maximum balance is $5,000,000
The provider's own documents
Published by the provider under the Consumer Data Right. These are their documents, not ours - they are the authority on this product.
Last updated by data holder: 2026-09-30T16:00:24.4752190Z · Product ID: 280