RBA Cash Rate: 4.35% · 1AUD = 0.67 USD · Inflation: 4.1%  
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  Bonus Saver Account

Reach your goals faster with Police Bank’s Bonus Saver Account which rewards you for saving your hard earned money. Simply deposit a minimum of $100 a month with no withdrawals and you will receive a bonus interest rate on your savings.
Category: Transaction & Savings Accounts  Last Updated January 4, 2024  Effective May 3, 2024

 General Lending Rates

Rates listed below are for a VARIABLE product. Additional Information May be applicable if your account becomes overdrawn
Interest Rate
11.96% PA
Comparison Rate
0.00%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.

 Product Features

  • Digital Banking Additional Information: You can check your account details or make transfers anytime or anywhere using our Redidial Telephone Banking service or online with Internet Banking – both services are free.
  • Other Additional Information: Make regular credits like your pay into this account
  • Npp Enabled
  • Other Additional Information: 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.
  • Other Additional Information: Minimum of $100 to be deposited each month in order to achieve bonus interest. If a withdrawal is made in a month then no bonus interest will be paid.
  • Npp Payid Additional Information: Select the Contact Method that you would like to use for your PayID i.e. your mobile number or email address.
  • Digital Banking Additional Information: You can check your account details or make transfers anytime or anywhere using our Redidial Telephone Banking service or online with Internet Banking – both services are free.
  • Npp Payid Additional Information: Select the Contact Method that you would like to use for your PayID i.e. your mobile number or email address.

 Product Eligibility

  • Residency Status - Australian Residents.
  • Residency Status - Australian Citizen.
  • Min Age - 18.
  • Other - Police Officers. Additional Information: Bonus Saver Account is only available to current Police Officers or a Retired Police Officer(s) who are a member of a Union that is associated with the Police Federation of Australia. This Includes NSW Police Association (including associate members), and the Australian Federal Police Association.
  • Natural Person - Individuals.

 Bank Fees and Charges

  • Special Cheque Clearance Fee For Personal Accounts (Event), Amount: 16.50.
  • Counter Cash Withdrawal $25,000 And Over (Transaction), Amount: 50.00.
  • Additional Statement Fee (Event), Amount: 5.00. Additional Information: Payable if and when you request an additional statement.
  • Document Retrieval Fee (Event), Amount: 0.00. Additional Information: Payable on request for documents to be retrieved
  • Default Notice Fee (Event), Amount: 21.50. Additional Information: Payable if and when we send you a default notice for an overdrawn account where an arrears remains unremedied after we have sent you an arrears letter
  • Counter Cash Withdrawal Fee Up To $24,999 (Transaction), Amount: 2.00.
  • Overdrawn Savings Account Fee (Event), Amount: 15.00. Additional Information: Payable when any Savings Account is overdrawn by $75 or more within a calendar month Interest will also be charged at the then current Overdraft interest rate
  • Third Party Costs (Event), Amount: 0.00. Additional Information: Any costs charged to us from a third party will be passed on to you. Information on these costs is available on request.
  • Dormant Accounts Fee (Event), Amount: 10.00. Additional Information: After 3 years an account is classed as dormant if no Member transactions occur. Interest, fees and government charges are not classed as transactions.

 Limitations & Restrictions (Constraints)

  • Max Balance of None
  • Opening Balance of 0 Additional Information: When you apply to become a Police Bank Member, you do not have to pay a membership fee. All we ask is that you guarantee to pay $10 if Police Bank ever ceases to operate to the person/s looking after our winding up.

 Document Downloads

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