P&N Bank Way Cool Saver

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Way Cool Saver is a savings account from P&N Bank. It pays 0.38% p.a. on balances up to $5,000 with no bonus conditions.

Rate tiers

Every balance band in the bank's feed: base is the rate the bank pays.

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.

Conditions

• a parent or guardian opens the account in a branch for the child and must be a signatory
• at 16 the account converts to a Student Account

Features

app

yes

Osko

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 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

up to age 15

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 15 and under: Just for kids between 0 to 15 years of age
• 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

It's never too early to learn the value of money. And a Way Cool Saver is a great way to get started. Teach your kids to save more and spend less of their pocket money - handy skills to have down the track.

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: way-cool-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
• Savvy Saver Account savings account, 5.50% conditional at $50,000
• Smart Saver Account savings account, 5.35% conditional 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.