Police Bank Safeguard Transaction Account

transaction accountstale

Safeguard Transaction Account is a transaction account from Police Bank. At $50,000 it pays 0.01% p.a. with no bonus conditions.

Not ranked: a transaction (everyday) account, not a savings account.

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.

Conditions

• not updated by the bank since 2026-07-28, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed

Features

card

Visa Debit

app

yes

Osko

yes

PayID

yes

BPAY

yes

wallets

Apple Pay, Google Pay, Samsung Pay

transactions

10 free a month

Other features, in the bank's words:

• Direct Debits. Set up Direct Debits from this account
• Periodical Payments. Account allows Periodical Payments via Cheque and can also make External Periodical Payments
• Visa PayWave. Our Debit Card is issued with the Visa PayWave ‘contactless’ payment feature. This allows you to pay for purchases under $100 without swiping, signing, or entering a PIN at participating merchants.
• Verified by Visa. Verified by Visa is a service designed to ensure you are protected while shopping online with your Visa card. As you make a purchase online, Police Bank assesses the risk of the transaction based on a number of factors. In some instances, you may be asked to confirm some personal details (date of birth, mother's maiden name, address details) so Police Bank can be sure the card isn't being used without your permission.
• Visa Preferred Rewards. Our Visa Card provides access to the Visa Entertainment program. This gives you the opportunity to purchase unique deals including preferred seating at special events, discounts on retail as well as other exclusive offers
• Contributes to Reduced Fees Program. Simply maintain a combined monthly balance of $5000 or more worth of savings, investments or loans and you will receive more fee free ATM and EFTPOS transactions as well as qualify for fee rebates.

Fees, limits and who can open it

monthly fee

no monthly fee stated

other fees named

Visa International Fees (no amount in the feed)

interest paid

half-yearly

interest calculated

daily

open to

personal customers

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

• residency: Australian Citizens
• residency: Australian Residents

About this account

Safeguard is a special purpose savings account to help you avoid penalty charges such as overdrawn service fees and dishonour fees. Your funds are at call and earn daily interest.

Data

• Police Bank's own page for this account.
• The bank's documents its product record links to: eligibility.
• Our verbatim snapshot of the bank's product record (source), as fetched on 22 October 2026.
• /au/finance/savings-accounts/v1/brands/police-bank.json: this bank's accounts and every balance band as JSON; Police Bank's page lists them.
• The bank last updated this record on 28 July 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 Police Bank

• Bonus Saver Accountstale savings account, 4.80% conditional at $50,000
• Dynamo/Flex Accountstale savings account, 2.50% conditional at $50,000
• Retirement Plus Accountstale savings account, 2.50% base at $50,000
• Savings Plus Account savings account, 0.90% base at $50,000
• U30 SUPER CHARGE Account savings account, 1.15% base at $50,000
• Easy Access Transaction Accountstale transaction account, 0.01% base at $50,000

All of Police Bank's accounts on its page, with its best rates per segment and rate kind, and every account at every bank.