Police Bank Bonus Savings Account

0.25% p.a.(for $500 to $10,000)

2.40% p.a. (for $500 to $10,001)

 

Police Bank Bonus Savings Account Review

Review published: 16 January 2019

What's hot:

  • No ongoing fees

  • Up to 2.65% bonus interest rate

  • 2018 Mozo Experts Choice Award winner

What's not:

  • 0.50% maximum standard rate

Mozo snapshot:

Reach your savings goals faster with the Police Bank Bonus Saver Account! Not only will you be able to receive a lavish interest rate of up to 2.65%, but the account also comes with no ongoing fees, no maximum balance and unlimited free transactions for internet and phone banking. It’s no surprise then that the Police Bank Bonus Saver was named a 2018 Mozo Experts Choice Winner for a Regular Saver.

Key features:

Looking for a bonus savings account to maximise your savings with some extra special interest rates? Well, the Police Bank Bonus Saver Account offers noteworthy rates of up to 2.65% for balances over $10,001. You’ll also be able to earn 2.40% for balances between $500 and $10,001 and 2.25% for balances between $0 and $500.

Just remember that you will need to meet the minimum requirements of a $100 deposit per month and no withdrawals, otherwise you’ll only be able to earn the base rates of 0.50% p.a. for balances over $10,001, 0.25% p.a. for balances from $500 and 0.10% p.a. for balances from $0.

Did we mention that the account is fee free and has unlimited internet and phone banking, but there’s no branch access.

Who it's good for:

The Police Bank Bonus Savings Account could be a good option for anyone who wants a competitive interest rate to grow their savings without huge minimum requirements.

Any catches?

Do keep in mind that the bonus rates only apply when you deposit $100 per month into the account while making no withdrawals.

How are Police Bank savings accounts rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
8.6

Based on 86
Police Bank savings accounts reviews

7.8 7.3 9.0 7.3 9.0

Read Police Bank savings account reviews by the Mozo community

Latest review of Police Bank Bonus Savings Account

Police Bank

Police Bank Bonus Savings Account savings account review

Overall rating   9 / 10

Great service and friendliness

They are the best bank I've ever dealt with.

Full review

They are the best bank I've ever dealt with.

    Price   9 / 10

Less

Michael, New South Wales, reviewed over 1 year ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Rates

  • Balances from $0: 0.10% p.a.
    Balances from $500: 0.25% p.a.
    Balances from $10,000: 0.50% p.a.

  • Balances from $0: 2.25% p.a.
    Balances from $500: 2.40% p.a.
    Balances from $10,001: 2.65% p.a.

  • Minimum deposit of $100 and no withdrawals in the month

Fees

  • $0.00

  • none

  • unlimited free transactions from internet and phone banking

  • none

  • none

  • none

  • $0.00

  • $2.00

  • none

  • $0.00

  • $0.00

  • none

Other financial bits

  • $0.00

  • $0.00

  • Monthly

Features

  • no

  • none

  • no

  • no

  • no

  • no

  • no

  • yes

  • yes

  • yes

  • no

  • none

  • none

  • none

About Police Bank

Police Bank has specially designed its financial products to offer financial solutions to the employees and families of the Police service. Police Bank offers a range of financial products and services in savings accounts, home, car and personal loans, term deposits, credit and debit cards and a range of insurance products, ensuring that its members financial needs are taken care of.

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