Compare Police and Nurses (P&N) Bank Products

Information verified correct on December 4th, 2016

Put your savings plan into effect with a high interest earning account from P&N Bank.

Police and Nurses (P&N) Bank is an Australian financial institution comprised of the merger of 15 various credit unions. In 2013 they obtained regulator approval and became a mutual bank and are now able to provide you with the same products and security that the big banks can, including being a part of the Australian Government Guarantee of deposits up to $250,000.

Rates last updated December 4th, 2016
$
Monthly Account Fee Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Details
Police  and Nurses Easypay Access Account
An everyday transaction account with a linked Visa debit card.
Visa $0 $500 No monthly fee if you make a $500 electronic deposit per month (or maintain a minimum balance of $500 in your account). More
Police  and Nurses Easy Living Deeming Account
Gives you a range of fee-free transactions to help you save money once you turn 50.
Visa $0 $5,000 No monthly fee if you maintain a $500 minimum balance, free access to over 3,000 ATMs (NAB, RediATM and BoQ) More
Police and Nurses Student Account
A bank account for secondary and tertiary students aged between 16-25 years old.
Visa $0 $0 Unlimited + free transactions via rediATM, NAB and BOQ ATMs. More
Police and Nurses Budgeting Account
A Budgeting Account could be the ideal banking solution for managing your expenses.
Visa $0 $0 No monthly fee with fee-free transactions. More
Rates last updated December 4th, 2016
$
$
months
Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Min Bal / Min Deposit Interest Earned
Police and Nurses Hi Saver
Introductory rate of 2.75% p.a. for 4 months, reverting to a rate of 1.25% p.a. Available on balances below .
2.75% 1.25% 1.50% $0 $5,000 / $0 More
Police and Nurses SwiftSaver Account
Ongoing, variable 2.00% p.a. when you deposit $10+ each month and make no withdrawals. Available on balances up to $100,000.
2.00% 1.90% $0 $0 / $0 More
Police  and Nurses Way Cool Saver
Ongoing, variable 1.75% p.a. available on balances up to $4,999.
1.75% 1.75% 0.00% $0 $0 / $0 More
Rates last updated December 4th, 2016
$
3 Mths p.a. 4 Mths p.a. 6 Mths p.a. 12 Mths p.a. 24 Mths p.a. 36 Mths p.a. 48 Mths p.a. 60 Mths p.a. Min Deposit Interest Earned
Police and Nurses Term Deposit
Police and Nurses Term Deposit
1.85% 1.80% 2.05% 2.20% 2.35% 2.40% - - $5,000 More
Rates last updated December 4th, 2016
$
Monthly Account Fee Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Details
Police  and Nurses Easypay Access Account
An everyday transaction account with a linked Visa debit card.
Visa $0 $500 No monthly fee if you make a $500 electronic deposit per month (or maintain a minimum balance of $500 in your account). More
Police  and Nurses Easy Living Deeming Account
Gives you a range of fee-free transactions to help you save money once you turn 50.
Visa $0 $5,000 No monthly fee if you maintain a $500 minimum balance, free access to over 3,000 ATMs (NAB, RediATM and BoQ) More
Police and Nurses Student Account
A bank account for secondary and tertiary students aged between 16-25 years old.
Visa $0 $0 Unlimited + free transactions via rediATM, NAB and BOQ ATMs. More
Police and Nurses Budgeting Account
A Budgeting Account could be the ideal banking solution for managing your expenses.
Visa $0 $0 No monthly fee with fee-free transactions. More
Rates last updated December 4th, 2016
$
$
months
Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Min Bal / Min Deposit Interest Earned
Police and Nurses Hi Saver
Introductory rate of 2.75% p.a. for 4 months, reverting to a rate of 1.25% p.a. Available on balances below .
2.75% 1.25% 1.50% $0 $5,000 / $0 More
Police and Nurses SwiftSaver Account
Ongoing, variable 2.00% p.a. when you deposit $10+ each month and make no withdrawals. Available on balances up to $100,000.
2.00% 1.90% $0 $0 / $0 More
Police  and Nurses Way Cool Saver
Ongoing, variable 1.75% p.a. available on balances up to $4,999.
1.75% 1.75% 0.00% $0 $0 / $0 More
Rates last updated December 4th, 2016
$
3 Mths p.a. 4 Mths p.a. 6 Mths p.a. 12 Mths p.a. 24 Mths p.a. 36 Mths p.a. 48 Mths p.a. 60 Mths p.a. Min Deposit Interest Earned
Police and Nurses Term Deposit
Police and Nurses Term Deposit
1.85% 1.80% 2.05% 2.20% 2.35% 2.40% - - $5,000 More
Awards that Police and Nurses has earned
  • Roy Morgan Customer Satisfaction Awards – Bank of the Year 2014
  • Pinnacle Award for Marketing Excellence – Branding 2013

Who is Police and Nurses Bank?

As a mutual bank P&N is able to offer their members savings accounts that cover all of your financial plans. Not only will you find accounts that reward you for saving by paying out higher rates of interest, they also have accounts geared towards younger Australians. There are no monthly fees to concern yourself with, and free transactions when you choose to take advantage of electronic banking through their online platform.

What about the mobile app?

Image Source: App Store
 
Login pageAccount balancePayments
login-screenwaccount historypayments
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What transaction accounts are offered by Police and Nurses?

  • Easypay Access Account. A monthly fee applies for the use of this account which you can have waived by meeting their conditions. You are also provided with multiple ways of accessing your money including a linked Visa debit card that can make withdrawals at over 3,000 ATMs countrywide for free.
  • Easy Living Deeming Account. Pensioners can earn interest on their everyday banking balance without it having an effect on your benefit. This account has all of the features of an Access Account, including a number of free ways to spend your money.
  • Student Account. Australian students aged 16 to 25 get the advantage of no monthly fees despite what your account balance is along with a choice in debit cards to make your withdrawals and purchases with. You can also earn a nominal interest rate on your balance that is paid to you quarterly.
  • Budgeting Account. With this account you can keep your expense money separate from your everyday cash, ensuring that all of your bills are being paid on time. The same debit card is used to access money at ATMs as your transaction account or you can use internet banking to take care of your needs.
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What high interest savings accounts are offered by Police and Nurses Bank?

  • Hi Saver. Designed for accounts with balances of over $5,000, you will earn a bonus rate on top of the already competitive rate for the first four months after the account has been opened. There are no terms or regular deposit conditions to meet, and you are able to access your money at call through internet banking.
  • SwiftSaver Account. Earn bonus interest for your smart savings habits by meeting a deposit requirement with no withdrawals each month. There are no monthly fees to pay with this savings account plus you have a number of ways to access your money without having to pay any additional charges.
  • Way Cool Saver. For Australian children up to  years old, this account pays a competitive rate of interest on balances less than $5,000 without any strings attached. Once the child hits 12, they can begin accessing their savings on their own with a linked RediCard.
  • CashSaver. Maintain a minimum balance of $5,000 and you can earn a competitive interest rate on your savings while still having access to it. No monthly fees are charged to the account and you are given multiple options for fee free transactions.
  • Donation Saver. The Donation Saver pays you a nominal interest rate on your balance each month and a higher rate annually to the WA charity of your choice. This account carries no monthly fees, and offers you easy access through a number of means including internet banking.
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What term deposits are offered by Police and Nurses Bank?

The term deposits offered by P&N provide you with flexible terms and payment options. Your savings of at least $5,000 is locked into the account at a fixed interest rate for a term that you choose. Depending on how often you want to receive interest payments, which are deposited into a separate account or issued by cheque, you can choose terms starting at two months for up to five years.

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What are the pros and cons of banking with Police and Nurses Bank?

Pros

  • Online banking. Netlink is P&N’s online banking system and allows you to make secure transactions at any time. You can also download their mobile app and take advantage of banking on the go.
  • ATMs. With a linked debit card you have access to your money through over 3,000 ATMs across Australia using rediATM, NAB and Bank of Queensland’s networks.
  • Flexibility. With each account you are given multiple ways in which you can access your money.

Cons

  • Transaction fees. With some of the savings accounts offered by P&N Bank you will be charged when using certain transaction methods.
  • Membership. In order to be eligible for any account with P&N Bank you must first apply for membership and pay a $10 charge for your share.
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How do I apply for a Police and Nurses account?

The way in which you apply for a savings account with P&N will depend heavily on the type you choose. While most can be applied for online, with others you will need to fill out an enquiry form first. Age restrictions will vary depending on the details of the account, but you do have to be at least 18 to fill out the forms online. You must also be an Australian resident and have an Australian residential and mailing address. Have ready your tax file number (TFN) or exemption code along with your government issued photo identification in order to help complete your application.

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