Police BankBonus Saver Account
Reach your goals faster with Police Bank’s Bonus Saver Account which rewards you for saving your hard earned money. Simply deposit a minimum of $100 a month with no withdrawals and you will receive a bonus interest rate on your savings.
At a glance
- Up to
- 4.80%
- Base rate
- 0.05%
- Bonus rate
- 4.75%
Rates
Every rate Police Bank publishes for this account, 5 in all.
How the rate is made up
4.80%in a month every condition is met
To earn the bonus
- Max withdrawals
- Min deposit amount
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Bonus | - | - | - | 4.75% | - | paid every 1 mo; Max withdrawals; Min deposit amount; Whole Balance Monthly. Bonus Interest rate applies if no withdrawals and a minimum deposit of $100 are made within a month |
| VariableMay be applicable if your account becomes overdrawn | - | - | - | 11.96% | - | - |
| VariableBalance $0 to $499 | - | - | up to $499 | 0.05% | - | paid every 1 mo |
| VariableBalance $10,001 or more | - | - | $10,001+ | 0.05% | - | paid every 1 mo |
| VariableBalance $500 to $10,000 | - | - | $500–$10,000 | 0.05% | - | paid every 1 mo |
Rate changes
One change logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 1 Nov 2026 | Bonus | 4.50% | 4.75% | up 0.25 |
Each change is logged the night it appears in the rates Police Bank publishes. See how every lender answered the RBA on the rate tracker.
Fees
7 fees published, grouped by when they're charged.
When you make a transaction2
- Counter Cash withdrawal $25,000 and over
Per cash withdrawal $25,000 or over
$50 - Counter Cash withdrawal fee up to $24,999
First 3 free if part of Reduced Fees program
$2
When particular things happen5
- Additional Statement Fee
$1.50 per page. Payable if and when you request an additional statement.
$5 - Default Notice Fee
Payable if and when we send you a default notice for an overdrawn account where an arrears remains unremedied after we have sent you an arrears letter
$21.50 - Document Retrieval Fee
Minimum $22.77 per hour retrieval fee and minimum $30 per hour administrative fee. Payable on request for documents to be retrieved
No fee - Dormant Accounts fee
After 3 years an account is classed as dormant if no Member transactions occur. Interest, fees and government charges are not classed as transactions.
$10 - Third Party Costs
At Cost. Any costs charged to us from a third party will be passed on to you. Information on these costs is available on request.
No fee
Features
- Direct Credits. Make regular credits like your pay into this account
- Contributes to Reduced Fees Program. Simply maintain a combined monthly balance of $5000 or more worth of savings, investments or loans and you will receive more fee free ATM and EFTPOS transactions…
- Bonus Interest Rate available. Minimum of $100 to be deposited each month in order to achieve bonus interest. If a withdrawal is made in a month then no bonus interest will be paid.
- Periodical Payments. Can set up Periodical Payments
- Direct Credits. Set regular payments like your pay sent straight to your account
- Bank@Post. Withdraw cash at any participating Australia Post outlets with Bank@POST™
- Direct Debits. Set up Direct Debits from this account
- Visa Preferred Rewards. Our Visa Card provides access to the Visa Entertainment program. This gives you the opportunity to purchase unique deals including preferred seating at special events, discoun…
- ATM withdrawals. up to $1000
- Visa PayWave. Our Debit Card is issued with the Visa PayWave ‘contactless’ payment feature. This allows you to pay for purchases under $100 without swiping, signing, or entering a PIN at participatin…
- Verified by Visa. Verified by Visa is a service designed to ensure you are protected while shopping online with your Visa card. As you make a purchase online, Police Bank assesses the risk of the tra…
- Confirmation Of Payee
Eligibility and limits
- Minimum age 18
- Residency: Australian Citizen
- Available to individuals
- Police Officers. Bonus Saver Account is only available to current Police Officers or a Retired Police Officer(s) who are a member of a Union that is associated with the Police Federation of Australia…
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Published by Police Bank under the Consumer Data Right, last changed by them on 1 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.