P&N Bank Savvy Saver Account

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Savvy Saver Account is a savings account from P&N Bank. At $50,000 it pays 5.50% p.a. in a month in which the conditions below are met and 0.20% when they are not.

Rate tiers

Every balance band in the bank's feed: base is the rate when the bonus conditions are not all met, bonus the add-on for meeting them, conditional the two together.

Some rows are paid on the whole balance and some, marked stepped, on the part of the balance in the band, as the feed states them.

The bonus is paid on top of the base rate in a month in which the conditions are met; conditional is the two together, and the base rate is what is paid otherwise.

The bonus is paid on balances up to $100,000; the band above it shows what the feed states there.

The feed states a maximum balance of $5,000,000.

Conditions

For the bonus rate

• deposit $500 or more each month
• 5 or more card purchases a month
• Bonus interest is paid on balances up to $100,000 with balances in excess of $100,000 receiving the standard rate.
• linked transaction account required

In the bank's own words, as its feed states each condition on the bonus rate:

• monthly depositRate is applied when you deposit at least $500 into your eligible transaction account from an external source.
• card purchasesRate is applied when you make 5 eligible Visa Debit card transactions from your linked transaction account.

Other conditions

• the $500 monthly deposit must come from an external account or a P&N account not in your name
• the linked & Transaction Account must be held in your name only, with a Visa Debit card
• you must be 18 or older

Features

app

yes

Osko

yes

PayID

yes

transactions

unlimited

Other features, in the bank's words:

• 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.

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

bonus paid up to

$100,000

interest paid

monthly

interest calculated

daily

age

ages 18 and over

open to

personal customers

linked account

a linked transaction account with the same bank is required

Who can open it, in the bank's own words:

• You must be or become a P&N Bank member
• 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

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.

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: savvy-saver, 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
• Momentum Account savings account, 1.54% base 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.