Police BankDynamo/Flex Account
Learning to save has never been so easy with Police Bank’s Dynamo children’s saving account. Receive a bonus rate of interest if no withdrawals are made and and a minimum of $20 is deposited per month.
At a glance
- Up to
- 2.50%
- Base rate
- 0.00%
- Bonus rate
- 2.50%
Rates
Every rate Police Bank publishes for this account, 4 in all.
How the rate is made up
2.50%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 | - | - | - | 2.50% | - | paid every 1 mo; Max withdrawals; Min deposit amount; Whole Balance Monthly. Bonus Interest rate applies if no withdrawals and a minimum deposit of $20 are made within a month |
| VariableMay be applicable if your account becomes overdrawn | - | - | - | 11.96% | - | - |
| VariableBalance $0.00 to $49,999.99 | - | - | up to $50,000 | 0.40% | - | paid every 1 mo |
| VariableBalance $50,000 or more Interest payable is capped to a maximum deposit amount of $49,999.99 | - | - | $50,000+ | 0.00% | - | paid every 1 mo |
Rate changes
One change logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 1 Nov 2026 | Bonus | 2.25% | 2.50% | 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
8 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 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…
- Direct Credits. Make regular credits like your pay into this account
- Bonus Interest Rate available. Minimum of $20 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.
Eligibility and limits
- Maximum age 18
- Residency: Australian Residents
- Available to individuals
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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.