Compare Police Bank savings accounts

Members of the Australian police force and their families can build a better financial future with Police Bank.

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4.7 based on 823 reviews

Key takeaways

  • Police Bank offers accounts exclusively for Australian police force members and their families.
  • The U30 Super Charge Account provides a 4.75% variable rate for ages 18-29 up to $10,000.
  • Term deposits can earn 4.50% over 12 months with a $10,000 minimum deposit.
The roots of Police Bank go back to 1964, when it was formed in one small Sydney police station to help enable police to easier access financial products. The first loan provided was for a mere 100 pounds, were today they are able to provide loans in the six figures as well as a full range of savings and transaction account products.

Police Bank savings accounts, bank accounts and term deposits

Police Bank savings accounts

Finder Score Maximum interest rate Base interest rate Max rate type & duration Monthly Max Rate Conditions Table Description
Police Bank logo
Finder score
9.1
Police Bank U30 Super Charge Account
Finder score
9.1
Maximum Variable Rate p.a.
5.25%
Standard Variable Rate p.a.
5.25%
Intro/Ongoing
Ongoing rate
Monthly Max Rate Conditions
  • No deposit or withdrawal conditions
  • Balance $0 to $10,000
  • Age 18 to 29
View details
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Police Bank logo
Finder score
9
Police Bank Savings Plus Account
Finder score
9
Maximum Variable Rate p.a.
4.50%
Standard Variable Rate p.a.
4.50%
Intro/Ongoing
Ongoing rate
Monthly Max Rate Conditions
  • No deposit or withdrawal conditions
  • Balance $100,000 to $249,999
View details
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Police Bank logo
Finder score
8
Police Bank Bonus Saver
Finder score
8
Maximum Variable Rate p.a.
4.55%
Standard Variable Rate p.a.
0.05%
Intro/Ongoing
Ongoing rate
(conditions apply)
Monthly Max Rate Conditions
  • No withdrawals
  • Deposit $100 or more
  • Balance $500 to $10,000
View details
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Police Bank logo
Finder score
8
Police Bank Bonus Saver
Finder score
8
Maximum Variable Rate p.a.
4.55%
Standard Variable Rate p.a.
0.05%
Intro/Ongoing
Ongoing rate
(conditions apply)
Monthly Max Rate Conditions
  • No withdrawals
  • Deposit $100 or more
  • Balance from $10,001
View details
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Police Bank logo
Finder score
8
Police Bank Bonus Saver
Finder score
8
Maximum Variable Rate p.a.
4.55%
Standard Variable Rate p.a.
0.05%
Intro/Ongoing
Ongoing rate
(conditions apply)
Monthly Max Rate Conditions
  • No withdrawals.
  • Deposit $100 or more
  • Balance $0 to $499
View details
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Police Bank logo
Finder score
7.6
Police Bank Retirement Plus
Finder score
7.6
Maximum Variable Rate p.a.
2.25%
Standard Variable Rate p.a.
2.25%
Intro/Ongoing
Ongoing rate
Monthly Max Rate Conditions
  • No deposit or withdrawal conditions
  • Age 55+
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Police Bank logo
Finder score
7.1
Police Bank Savings Plus Account
Finder score
7.1
Maximum Variable Rate p.a.
1.75%
Standard Variable Rate p.a.
1.75%
Intro/Ongoing
Ongoing rate
Monthly Max Rate Conditions
  • No deposit or withdrawal conditions
  • Balance $50,000 to $99,999
View details
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Police Bank logo
Finder score
6.7
Police Bank Flex Youth Savings Account
Finder score
6.7
Maximum Variable Rate p.a.
2.65%
Standard Variable Rate p.a.
0.40%
Intro/Ongoing
Ongoing rate
(conditions apply)
Monthly Max Rate Conditions
  • No withdrawls
  • Deposit $20 each month
  • Balance $0 to $49,999
  • Age 13-17
View details
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Police Bank logo
Finder score
6.7
Police Bank Dynamo Kid's Savings Account
Finder score
6.7
Maximum Variable Rate p.a.
2.65%
Standard Variable Rate p.a.
0.40%
Intro/Ongoing
Ongoing rate
(conditions apply)
Monthly Max Rate Conditions
  • No withdrawals
  • Deposit a minimum of $20 each month
  • Balance $500 to $49,999
  • Age up to 12 years
View details
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Police Bank logo
Finder score
6.5
Police Bank Savings Plus Account
Finder score
6.5
Maximum Variable Rate p.a.
1.00%
Standard Variable Rate p.a.
1.00%
Intro/Ongoing
Ongoing rate
Monthly Max Rate Conditions
  • No deposit or withdrawal conditions
  • Balance $0 to $49,999
View details
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Police Bank logo
Finder score
6.2
Police Bank Savings Plus Account
Finder score
6.2
Maximum Variable Rate p.a.
0.50%
Standard Variable Rate p.a.
0.50%
Intro/Ongoing
Ongoing rate
Monthly Max Rate Conditions
  • No deposit or withdrawal conditions
  • Balance from $250,000
View details
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Police Bank logo
Finder score
5.3
Police Bank Safeguard
Finder score
5.3
Maximum Variable Rate p.a.
0.01%
Standard Variable Rate p.a.
0.01%
Intro/Ongoing
Ongoing rate
Monthly Max Rate Conditions
  • No deposit or withdrawal conditions
  • Balance from $500
View details
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Police Bank logo
Finder score
5.3
Police Bank Safeguard
Finder score
5.3
Maximum Variable Rate p.a.
0.01%
Standard Variable Rate p.a.
0.01%
Intro/Ongoing
Ongoing rate
Monthly Max Rate Conditions
  • No deposit or withdrawal conditions
  • Balance from $20,001
View details
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Police Bank logo
Finder score
5.3
Police Bank Safeguard
Finder score
5.3
Maximum Variable Rate p.a.
0.01%
Standard Variable Rate p.a.
0.01%
Intro/Ongoing
Ongoing rate
Monthly Max Rate Conditions
  • No deposit or withdrawal conditions
  • Balance from $50,001
View details
Compare product selection
Police Bank logo
Finder score
2.9
Police Bank Safeguard
Finder score
2.9
Maximum Variable Rate p.a.
0.00%
Standard Variable Rate p.a.
0.00%
Intro/Ongoing
Ongoing rate
Monthly Max Rate Conditions
  • No deposit or withdrawal conditions
  • Balance $0 to $499
View details
Compare product selection
Police Bank logo
Finder score
1.7
Police Bank Flex Youth Savings Account
Finder score
1.7
Maximum Variable Rate p.a.
0.00%
Standard Variable Rate p.a.
0.00%
Intro/Ongoing
Ongoing rate
(conditions apply)
Monthly Max Rate Conditions
  • No withdrawls
  • Deposit $20 each month
  • Balance from $50,000
  • Age 13-17
View details
Compare product selection
Police Bank logo
Finder score
1.7
Police Bank Dynamo Kid's Savings Account
Finder score
1.7
Maximum Variable Rate p.a.
0.00%
Standard Variable Rate p.a.
0.00%
Intro/Ongoing
Ongoing rate
(conditions apply)
Monthly Max Rate Conditions
  • No withdrawals
  • Deposit a minimum of $20 each month
  • Balance from $50,000
  • Age up to 12 years
View details
Compare product selection
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How the Finder Score helps you find a better savings account

The Finder Score is a simple score out of 10. The higher a savings account's score, the better we think it is for the average customer.

We score each savings account in our database of hundreds based on a data-driven methodology with 2 main criteria: Does the account offer a high interest rate? And is it easy for savers to actually earn that rate?

Read the full breakdown

Want more interest on your savings?

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Police Bank bank accounts

2 of 2 results
Finder Score Monthly fee Own network ATM fee International transaction fee International ATM Fee
Police Bank logo
Finder score
Police Bank Easy Access Account
Apple Pay Google Pay Samsung Pay
Finder score
Monthly fee
$0
Own network ATM fee
$0
International transaction fee
3%
$3.80
View details
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Police Bank logo
Finder score
Police Bank Super Charge
Apple Pay Google Pay Samsung Pay
Finder score
Monthly fee
Own network ATM fee
International transaction fee
3%
$3.80
View details
Compare product selection
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Showing 2 of 2 results

Finder Score for bank accounts

We assess multiple product features for transaction accounts from over 100 providers and assign each product a score out of 10.

Read the full methodology

Looking for a better bank account?

Compare everyday accounts and find one that works harder for you.

Police Bank term deposits

Finder Score 3 Mths p.a. 6 Mths p.a. 10 Mths p.a. 12 Mths p.a. 24 Mths p.a.
Police Bank logo
Police Bank Term Deposits Account
$10,000 min. deposit
3 Mths p.a.
4.30%
6 Mths p.a.
4.85%
10 Mths p.a.
-
12 Mths p.a.
5.00%
24 Mths p.a.
-
View details
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Finder Score for term deposits

Finder Score assigns Term Deposit products a score out of 10, comparing interest rates and features, to make comparison easier. We assess over 150 products from more than 90 providers, assessing products across different terms to determine an average score per product.

Read the full methodology

Lock in a great rate

Compare term deposits to grow your savings with confidence.

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

Pros

  • Multiple savings options
  • Convenient banking via mobile banking and internet banking

Cons

  • Limited branch network (depending on your location)

How to apply for a Police Bank savings account

Applying online for a new bank account is fast and easy. You'll need identity documents such as your driving licence or passport. For more about the process, check out our full guide to opening an account online.

Sources

Shirley Liu's headshot
Written by

Publisher

Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs. See full bio

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2 Responses

    judy's avatar
    judyAugust 17, 2016

    I have a Police Bank account and want to know the percentage for a 12 month term deposit for $140,000

      Shirley Liu's headshotFinder
      ShirleyAugust 18, 2016Finder

      Hi Judy,

      Thanks for your question.

      At the time of writing, a 12 month term deposit is offering 2.85%p.a. (interest paid at maturity).

      Police Bank offer a wide range of term deposits, I’d encourage you to give them a call to see what they can offer you.

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