Police BankSavings Plus Account
This high interest rate savings account helps you to earn more on your money. You can manage this account through internet & mobile banking and our app, however you can't access to your funds via a VISA debit card.
At a glance
- Base rate
- 0.40%
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.
| Rate | This account | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| No bonus conditionsPaid whatever you deposit or spend | 0.40% | 4.80%MoveBank's Online Saver | 2.25%of 61 institutions | 49th highest of 61 |
Rates
Every rate Police Bank publishes for this account, 5 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableMay be applicable if your account becomes overdrawn | - | - | - | 11.96% | - | - |
| VariableBalance $0 to $49,999 | - | - | up to $49,999 | 0.90% | - | paid every 1 mo |
| VariableBalance $100,000 to $249,999 | - | - | $100,000–$249,999 | 4.65% | - | paid every 1 mo |
| VariableOver $250,000 | - | - | $250,000+ | 0.40% | - | paid every 1 mo |
| VariableBalance $50,000 to $99,999 | - | - | $50,000–$99,999 | 1.90% | - | paid every 1 mo |
Rate changes
2 changes logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 15 Oct 2026 | Variable, $100,000–$249,999 | 4.40% | 4.65% | up 0.25 |
| 15 Oct 2026 | Variable, $50,000–$99,999 | 1.65% | 1.90% | 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
10 fees published, grouped by when they're charged.
When you make a transaction3
- 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 - External Electronic Periodical Payments
If part of the Reduced Fees program, the first 3 transactions are free. Per transaction if Police Bank staff set up on your behalf.
$1
If a payment is late or fails1
- Direct Debit Dishonour Fee
Direct Debit Dishonour Fee per transaction
$9
When particular things happen6
- 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 - Overdrawn Savings Account Fee
Payable when any Savings Account is overdrawn by $75 or more within a calendar month Interest will also be charged at the then current Overdraft interest rate
$15 - 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
- 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…
- Periodical Payments. Account allows Periodical Payments via Cheque and can also make External Periodical Payments
- Direct Debits. A facility to make direct debit payments from your account
- PayTo® is a modern digital payment solution offering a fast, easy and secure way to pay. It gives members more visibility and control over their payments, and enables merchants and businesses to init…
- Confirmation of Payee
Eligibility and limits
- Minimum age 18
- Residency: Australian Citizen
- Available to individuals
Compare it with others
Put this product through a calculator
Published by Police Bank under the Consumer Data Right, last changed by them on 15 Oct 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.