P&N Hi Saver

Raise your savings potential to new heights with an account that rewards you with higher interest just for signing up.

The Hi Saver Account from P&N Bank provides you with four months to quickly increase your savings balance through bonus interest. Once that time period ends, you get an ongoing competitive rate of interest on your balance while still having complete access to your money when you need it.

0.5% p.a.

Maximum variable rate


Base interest rate

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Product NameP&N Hi Saver Account
Maximum Variable Rate0.5% p.a.
Standard Variable Rate0.05% p.a.
Monthly Account Fee$0
Minimum Opening Deposit$0
Minimum Age18

Review by

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.

Expert review

Remember, the bonus rate applies to account balances of $5,000 or more, so it's a good idea to wait until you have this before opening the account so you can get the full benefit of the bonus interest.

Key features

Introductory bonus interest rate of 0.45% for the first 4 months

So long as you are able to meet the minimum balance requirement of $5,000 when you open the account, you will also receive a variable bonus interest rate of 0.45% added to the standard variable rate of 0.05% for the first four months after the account has been activated.

Standard variable interest rate of 0.05%

This account has a standard variable interest rate of 0.05%. This is the rate that will apply to the balance after the introductory period is over. While this is an at call account with no minimum deposit requirements to meet, you will have to have a balance of at least $5,000 in order to earn the variable competitive interest rate on your money.

Launch savings calculator

How to apply

You may apply in person or over the phone to open a Hi Saver Account or you can apply online by clicking the 'Go to Site'button above. Before getting started, check to make sure that you are eligible for this high interest savings account and have the following documents handy.


  • Minimum age. You must be at least 18 years of age to be eligible for the Hi Saver.
  • Residency requirements. In order for P&N Bank to accept your application you need to have an Australian residential and mailing address.

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