P&N Bank Momentum Account
savings accountage limitedterms checked
Momentum Account is a savings account from P&N Bank. At $50,000 it pays 1.54% p.a. with no bonus conditions.
Rate tiers
Every balance band in the bank's feed: base is the rate the bank pays.
| Balance | Base |
|---|---|
| $0 – $9,999.99stepped: paid on the part of the balance in this band | 0.30% |
| $10,000 – $49,999.99stepped: paid on the part of the balance in this band | 1.85% |
| $50,000 – $99,999.99stepped: paid on the part of the balance in this band | 2.35% |
| $100,000+stepped: paid on the part of the balance in this band | 2.70% |
The rates are stepped: each band's rate is paid on the part of the balance that falls in it, so a balance across several bands earns a blend of them.
The feed states a maximum balance of $5,000,000.
Features
- card
- Visa Debit card available
- app
- yes
- Osko
- yes
- PayID
- yes
- transactions
- unlimited
- wallets
- Apple Pay, Google Pay & Samsung Pay
- joint accounts
- yes
Other features, in the bank's words:
- Eligible customers 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 on 13 25 77 or visit your nearest branch for more information.
Fees, limits and who can open it
- monthly fee
- no monthly fee stated
- other fees named
- Cash Handling Fee (no amount in the feed)
- maximum balance
- $5,000,000
- interest paid
- monthly
- interest calculated
- daily
- age
- ages 55 and over
- open to
- personal customers
- age limited
- open only to people of certain ages (kids, youth or seniors accounts)
Who can open it, in the bank's own words:
- age 55 and over: Age of 55 years and over.
- Customers may hold up to a total of 3 Momentum Account accounts under single or joint names.
- You must be or become a P&N Bank customer.
- residency: 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.
About this account
A transaction account for customers aged 55 and over, with easy access to funds and variable stepped interest.
Data
- P&N Bank's own page for this account.
- The bank's documents its product record links to: terms and conditions, fees.
- Our verbatim snapshot of the bank's product record (source), as fetched on 13 November 2026.
- We read the bank's own page and terms against this page on 1 November 2026: momentum-account, savings-accounts-and-access-channels, everyday-and-savings-accounts; conditions they state and its feed does not are listed above.
/au/finance/savings-accounts/v1/brands/p-n-bank.json: this bank's accounts and every balance band as JSON; P&N Bank's page lists them.- The bank last updated this record on 13 November 2026. Rates are per annum as the bank states them; "stale" means the bank has not updated the record for over 60 days or since the latest cash rate change.
Other accounts at P&N Bank
- Business Saver savings account, 1.85% base at $50,000
- Hi Saver Account savings account, 0.05% base at $50,000
- Savvy Saver Account savings account, 5.50% conditional at $50,000
- Smart Saver Account savings account, 5.35% conditional at $50,000
- Way Cool Saver savings account, 0.38% base at $50,000
- & Access Account transaction account, 0.00% base at $50,000
- & Transaction Account transaction account, 0.00% base at $50,000
- Budgeting Account transaction account, 0.00% base at $50,000
- Business Account transaction account, 0.00% base at $50,000
- Community Account transaction account, 0.00% base at $50,000
- Concession Account transaction account, 0.00% base at $50,000
- Easypay Access Account transaction account, 0.00% base at $50,000
All of P&N Bank's accounts on its page, with its best rates per segment and rate kind, and every account at every bank.
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