Police Bank
Dynamo/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.
Savings & transaction accountsBank updated 29 July 2026
At a glance
- Base rate
- 0.00%
- Bonus rate
- 2.25%
- Up to
- 2.25%
§ 01 — Rates · 4
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Bonus | — | — | — | 2.25% | — | 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 |
§ 02 — Fees · 8
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Additional Statement Fee | Event | $5 | — | $1.50 per page. Payable if and when you request an additional statement. |
| Default Notice Fee | Event | $21.50 | — | 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 |
| Document Retrieval Fee | Event | No fee | — | Minimum $22.77 per hour retrieval fee and minimum $30 per hour administrative fee. Payable on request for documents to be retrieved |
| Dormant Accounts fee | Event | $10 | — | After 3 years an account is classed as dormant if no Member transactions occur. Interest, fees and government charges are not classed as transactions. |
| Overdrawn Savings Account Fee | Event | $15 | — | 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 |
| Third Party Costs | Event | No fee | — | 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. |
| Counter Cash withdrawal $25,000 and over | Transaction | $50 | — | Per cash withdrawal $25,000 or over |
| Counter Cash withdrawal fee up to $24,999 | Transaction | $2 | — | First 3 free if part of Reduced Fees program |
§ 03 — Features
Instant paymentsPayIDDigital banking
- · 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.
§ 04 — Eligibility & limits
- · Maximum age 18
- · Residency: Australian Residents
- · Available to individuals
§ 05 — Compare
§ 06 — Run the numbers
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Published by Police Bank under the Consumer Data Right, last changed by them on 29 July 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.