P&N Bank Smart Saver Account
Bonus rate
Smart way to save for your goals. A simple, goal based savings account that rewards regular saving.
- Base rate up to
- 0.50%
- Introductory rate
- None
- Maximum balance
- $250,000
Rate with bonus, up to
Rates by balance
| Balance | Base rate | Bonus | Total |
|---|---|---|---|
| $0 to $250,000 | 0.50% | +4.60% | 5.10% |
| $250,000 to $5,000,000 | 0.50% | None | 0.50% |
Who can open it
- Age to open
- 18 and over
- Maximum balance
- $250,000
Who it's for
- Customers may hold up to a total of 3 Smart Saver Account accounts under single or joint names.
- You must be or become a P&N Bank member.
Limits and conditions
- Earn bonus interest when you make a minimum deposit of $100 and no withdrawals to the account in the calendar month.
How it compares
Against the other savings accounts we compare. Typical means the middle half of them.
Most it pays
5.10%
At its best balance, with any bonus. Typical is 3.65%.
Base rate
0.50%
What it pays without a bonus. Typical is 2.40%.
Pros and cons
Pros
- A higher rate. Up to 5.10%, above the typical 3.65%. On $10,000 that's about $510 a year.
- No conditions. You earn the same rate every month, with no deposits to make or withdrawals to avoid.
Cons
- A balance cap. Interest is paid on up to $250,000, so it suits smaller balances.
Similar savings accounts
Savings accounts from other banks that pay a similar rate at their best.
- Most it pays
- 5.10%
- Bonus conditions
- None
- Most it pays
- 5.10%
- Bonus conditions
- None
- Most it pays
- 5.10%
- Bonus conditions
- None
