P&N BankSmart Saver Account
Smart way to save for your goals. A simple, goal based savings account that rewards regular saving.
At a glance
- Up to
- 5.35%
- Base rate
- 0.50%
- Bonus rate
- 4.85%
How it compares
This account in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
What a bonus account pays in a month its conditions aren't met. One dot per institution, at its highest base rate on a bonus savings account anyone can apply for; hover or tap a dot for its name.
| Rate | This account | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Bonus savings accountBase plus bonus, when every condition is met | 5.35% | 5.75%Defence Bank Limited's iSaver | 5.25%of 51 institutions | 13th highest of 51, level with 7 others |
| Bonus account, conditions missedWhat a bonus account pays in a month its conditions aren't met | 0.50% | 3.45%Heritage's Online Saver Account | 0.10%of 43 institutions | 10th highest of 43, level with 3 others |
Rates
Every rate P&N Bank publishes for this account, 2 in all.
How the rate is made up
5.35%in a month every condition is met
To earn the bonus
- Rate available to existing customers.
- Rate is applied when no withdrawals are made within the calendar month.
- Rate is applied when a minimum of $100 is deposited within the calendar month.
- Rate available for new accounts.
- Rate available to new customers.
- Bonus interest is paid on balances up to $250,000 with balances in excess of $250,000 receiving the standard rate.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Bonus | - | - | up to $250,000 | 4.85% | - | paid every 1 mo; Rate available to existing customers.; Rate is applied when no withdrawals are made within the calendar month.; Rate is applied when a minimum of $100 is deposited within the calendar month.; Rate available for new accounts.; Rate available to new customers.; Bonus interest is paid on balances up to $250,000 with balances in excess of $250,000 receiving the standard rate.; Bonus interest applied when minimum $100 deposited and no withdrawals made from the account during the calendar month. Bonus interest is paid on balances up to $250,000 with balances in excess of $25… |
| Variable | - | - | up to $5,000,000 | 0.50% | - | paid every 1 mo; Rate available to existing customers.; Rate available for new accounts.; Rate available to new customers. |
Rate changes
One change logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 2 Nov 2026 | Bonus, up to $250,000 | 4.60% | 4.85% | up 0.25 |
Each change is logged the night it appears in the rates P&N Bank publishes. See how every lender answered the RBA on the rate tracker.
Fees
18 fees published, grouped by when they're charged.
When you make a transaction10
- Foreign Cheque Deposit <$25,000 Fee
$10 fee for foreign cheque deposits up to $25,000 AUD. Eligible members can deposit foreign cheques in branch.
$10 - Foreign Cheque Deposit $25,000+ Fee
$10 fee for foreign cheque deposits 25,000 AUD or more. Eligible members can deposit foreign cheques in branch.
$10 - Cash Handling Fee
Coin and note deposits are available at P&N branches. Coin deposits must be counted and bagged by customers or you will be charged 5% of the coin amount. Note deposits more than $10,000 per day will…
Varies - External Auto Transfer Fee
Staff assisted creation of a recurring auto transfer payment to another organisation. Charged per payment.
$3 - International Transfer Fee
Per online banking transfer sent in a foreign currency.
$15 - Manual External Transfer Fee
Staff assisted manual transfer to another organisation. Charged per transfer.
$2.50 - Manual Trace Fee
Charged for your request to manually trace a payment to confirm receipt of payment.
$40 - Overseas Telegraphic Transfer Fee
$45 per staff assisted telegraphic transfer sent in AUD currency. $30 per staff assisted telegraphic transfer sent in a foreign currency.
$45 - RTGS From Another Bank
Per payment received into your account. To cover the cost of processing 'SWIFT' payments from overseas and same day local payments through 'RTGS' (Real Time Gross Settlement) systems.
$8 - RTGS To Another Bank
Per payment sent from your account. To cover the cost of processing 'SWIFT' payments as same day local payments through 'RTGS' (Real Time Gross Settlement) systems.
$25
If a payment is late or fails2
- Auto Transfer Dishonour Fee
Charged where there are insufficient funds in your account when an external auto transfer or BPAY payment is due to be made.
$6 - Dishonour Fee
Where a direct debit is dishonoured due to insufficient funds.
$6
When particular things happen6
- Audit Certificate Fee
Charged per audit certificate request.
$30 - Bank Cheque Fee
Per bank cheque requested by you.
$10 - Cash Passport Fee
For the initial activation and each currency top-up requested in branch.
$10 - Overdrawn Account Management Fee
A fee applied in relation to any month where we allow the approved credit limit on your account to be exceeded by more than $50 or, if your account does not have an approved credit limit, if we allow…
$10 - Referral Fee
Where an account has insufficient available funds to cover an auto transfer or direct debit transaction, and the transaction is honoured by P&N Bank.
$3.50 - Statement Retrieval Fee
Fee applies for statements over 12 months old. Payable on request to issue a copy of a previously issued statement.
$2.50
Features
Eligibility and limits
- Minimum age 18
- Residency: You must be an Australian citizen and/or resident or a non-resident with a qualifying visa evidencing 12 months or longer residency. A valid Australian address is required to open an account. Membership eligibility applies.
- Available to individuals
- Customers may hold up to a total of 3 Smart Saver Account accounts under single or joint names.
- Earn bonus interest when you make a minimum deposit of $100 and no withdrawals to the account in the calendar month.
- You must be or become a P&N Bank member
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Published by P&N Bank under the Consumer Data Right, last changed by them on 2 Nov 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.