P&N Bank Smart Saver Account

savings accountterms checked

Smart Saver Account is a savings account from P&N Bank. It pays 5.35% p.a. in a month in which the conditions below are met and 0.50% 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.

Each rate is paid on the whole balance: the balance falls into one band and earns that band's rate.

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 $250,000; the band above it shows what the feed states there.

The feed states a maximum balance of $250,000.

Conditions

For the bonus rate

• no withdrawals in the month
• deposit $100 or more each month
• Bonus interest is paid on balances up to $250,000 with balances in excess of $250,000 receiving the standard rate.

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

• withdrawalsRate is applied when no withdrawals are made within the calendar month.
• monthly depositRate is applied when a minimum of $100 is deposited within the calendar month.

Other conditions

• no bonus in a month if the balance goes above $250,000 at any time in that month

Features

app

yes

Osko

yes

PayID

yes

joint accounts

yes

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

$250,000

bonus paid up to

$250,000

interest paid

monthly

interest calculated

daily

age

ages 18 and over

open to

personal customers

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

• Customers may hold up to a total of 3 Smart Saver Account accounts under single or joint names.
• Earn bonus interest when you make a minimum deposit of $100 and no withdrawals to the account in the calendar month.
• 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

Smart way to save for your goals. A simple, goal based savings account that rewards regular saving.

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: smart-saver-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
• Momentum Account savings account, 1.54% base at $50,000
• Savvy Saver Account savings account, 5.50% 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.