Police Bank Dynamo/Flex Account
Bonus rate
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.
- Base rate up to
- 0.40%
- Introductory rate
- None
- Maximum balance
- None published
Rate with bonus, up to
Rates by balance
| Balance | Base rate | Bonus | Total |
|---|---|---|---|
| $0 to $50,000 | 0.40% | +2.25% | 2.65% |
| $50,000 and over | 0.00% | +2.25% | 2.25% |
Who can open it
- Age to open
- Up to 18
- Maximum balance
- None published
How it compares
Against the other savings accounts we compare. Typical means the middle half of them.
Most it pays
2.65%
At its best balance, with any bonus. Typical is 3.65%.
Base rate
0.40%
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 0.40% in any month you miss the bonus conditions.
- An age limit. Only for people up to 18.
Similar savings accounts
Savings accounts from other banks that pay a similar rate at their best.
- Most it pays
- 2.65%
- Bonus conditions
- None
- Most it pays
- 2.65%
- Bonus conditions
- None
- Most it pays
- 2.65%
- Bonus conditions
- None
