Police Bank Bonus Saver Account
Bonus rate
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.
- Base rate up to
- 0.05%
- Introductory rate
- None
- Maximum balance
- None published
Rate with bonus, up to
Rates by balance
| Balance | Base rate | Bonus | Total |
|---|---|---|---|
| Any balance | 0.05% | +4.50% | 4.55% |
Who can open it
- Age to open
- 18 and over
- Maximum balance
- None published
Who it's for
- 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. This Includes NSW Police Association (including associate members), and the Australian Federal Police Association.
How it compares
Against the other savings accounts we compare. Typical means the middle half of them.
Most it pays
4.55%
At its best balance, with any bonus. Typical is 3.65%.
Base rate
0.05%
What it pays without a bonus. Typical is 2.40%.
Pros and cons
Pros
- No conditions. You earn the same rate every month, with no deposits to make or withdrawals to avoid.
Cons
- A low base rate. Only 0.05% in any month you miss the bonus conditions.
Similar savings accounts
Savings accounts from other banks that pay a similar rate at their best.
- Most it pays
- 4.55%
- Bonus conditions
- None
- Most it pays
- 4.55%
- Bonus conditions
- None
- Most it pays
- 4.55%
- Bonus conditions
- None
