P&N Way Cool Saver
![P&N Bank Way Cool Saver](https://www.finder.com.au/global/images/providers/pn-bank-.png)
- Maximum variable rate
- 3.05% p.a.
- Base interest rate
- 3.05%p.a.
- Minimum deposit
- $0
Summary
Set your kids on the path to success by teaching them how to save
P&N Bank has structured a savings account especially for the youngest Australians, up to the age of 15. With competitive interest earned, minimal fees and flexibility for both parent and child, this savings account can be an invaluable step on the path to good spending habits.
Pros
-
No monthly account keeping fee
-
Fee-free transactions
-
SMS account access for kids
-
Parental permission required for internet, app and phone banking
Cons
-
Just for kids aged between 0 -15 years
-
No interest earned if the account balance is over $5,000
Details
Key details
Product Name | P&N Bank Way Cool Saver |
Maximum Variable Rate | 3.05% p.a. |
Standard Variable Rate | 3.05% p.a. |
Monthly Account Fee | $0 |
Minimum Opening Deposit | $0 |
Your reviews
![Avatar](https://www.finder.com.au/finder-au/wp-uploads/2021/07/AlisonBanney_Finder_600x600.jpg)
Alison Finder
Editor
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![Avatar](https://www.finder.com.au/finder-au/wp-uploads/2021/07/AlisonBanney_Finder_600x600.jpg)
Alison Banney Finder
December 02, 2022
Hi Ava,
You can use it to pay just like any other savings account.
Thanks,
Alison
Ava
November 29, 2022
How do i pay with my way cool saver account