Police Bank Bonus Savings Account

0.15% p.a.(for $500 to $10,000)

2.20% p.a. (for $500 to $10,001)

Police Bank Bonus Savings Account

0.15% p.a.(for $500 to $10,000)

2.20% p.a. (for $500 to $10,001)

Mozo Review   Police Bank Bonus Savings Account Review

Last updated: 19 June 2019.

What's hot:
  • No ongoing fees

  • Up to 2.30% bonus interest rate

What's not:
  • 0.25% 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 2.30%, but the account also comes with no ongoing fees, no maximum balance and unlimited free transactions for internet and phone banking.

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 2.30% for balances over $10,001. You’ll also be able to earn 2.20% for balances between $500 and $10,001 and 2.15% 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 0.25% p.a. for balances over $10,001, 0.15% 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.

Details

Rates and fees information correct as at 23 August 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Balances from $0: 0.10% p.a.
    Balances from $500: 0.15% p.a.
    Balances from $10,000: 0.25% p.a.

  • Balances from $0: 2.15% p.a.
    Balances from $500: 2.20% p.a.
    Balances from $10,001: 2.30% p.a.

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

Fees
  • $0.00

  • n/a

  • unlimited free transactions from internet and phone banking

  • n/a

  • n/a

  • n/a

  • $0.00

  • $2.00

  • n/a

  • $0.00

  • $0.00

  • n/a

Other financial bits
  • $0.00

  • $0.00

  • Monthly

Features
  • no

  • none

  • no

  • no

  • no

  • no

  • no

  • yes

  • yes

  • yes

  • no

  • none

  • none

  • none

Customer Reviews

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

Overall customer rating
8.6/10
Price
7.8/10
Features
7.3/10
Customer service
9.0/10
Convenience
7.3/10
Trust
9.0/10

Latest review of Police Bank Bonus Savings Account

  • Overall
    9/10
    Great service and friendliness

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

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

    Price
    9/10
    Features
    -
    Customer service
    -
    Convenience
    -
    Trust
    -

    Michael | New South Wales

    reviewed about 2 years ago

Police Bank

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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