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Police Bank Bonus Savings Account

Advertiser disclosure
Interest rate
0.10% p.a.(for $0 and over)
Maximum rate
0.65% p.a. (for $0 and over)
Govt deposit guarantee
Yes up to $250,000

Mozo editorial review Police Bank Bonus Savings Account

Last updated: 1 December 2020.

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What's hot
  • No ongoing fees
  • Up to 0.65% bonus interest rate
What's not
  • 0.10% 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 solid interest rate of up to 0.65%, but the account also comes with no ongoing fees, no maximum balance and unlimited free transactions for internet and phone banking.

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Key features

Looking for a bonus savings account to help grow your nest egg? The Police Bank Bonus Saver Account offers up to 0.65% p.a. for balances of any size.

Just remember 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 0.10% p.a. 

Did we mention the account is fee-free and has unlimited internet and phone banking? Tick those features off your must-have savings account checklist. However, there’s no branch access so you might want to consider other options if that's a dealbreaker for you.

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Who is it 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.

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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 20 January 2021. 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 $0: 0.65% 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

  • n/a

  • n/a

  • 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
8.6/10
Price
7.9/10
Features
7.3/10
Customer service
8.9/10
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.

    Read full review

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

    Price
    9/10
    Features
    -
    Customer service
    -
    Convenience
    -
    Trust
    -
    Less
    Michael, New South Wales reviewed over 3 years ago
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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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0.05% p.a.(for $0 to $5,000,000)

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1.05% p.a. (for $1 to $250,000)

0.05% p.a.(for $1 and over)

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Bonus Saver Account

1.20% p.a. (for $0 to $250,000)

0.10% p.a.(for $0 and over)

Yes up to $250,000

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0.90% p.a. (for $0 to $1,000,000)

0.05% p.a.(for $0 and over)

Yes up to $250,000

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1.10% p.a. (for $0 to $1,000,000)

0% p.a.(for $0 and over)

Yes up to $250,000

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0.85% p.a. (for $0 to $5,000,000)

0.05% p.a.(for $0 to $5,000,000)

Yes up to $250,000

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1.10% p.a. (for $0 to $500,000)

0.35% p.a.(for $0 and over)

Yes up to $250,000

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1.05% p.a. (for $1 to $250,000)

0.05% p.a.(for $1 and over)

Yes up to $250,000

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No Current Offer

0.05% p.a.(for $0 and over)

Yes up to $250,000

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0.05% p.a.(for $0 and over)

0.90% p.a. (for $0 to $1,000,000)

Yes up to $250,000

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0% p.a.(for $0 and over)

1.10% p.a. (for $0 to $1,000,000)

Yes up to $250,000

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0.05% p.a.(for $0 to $5,000,000)

0.85% p.a. (for $0 to $5,000,000)

Yes up to $250,000

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0.05% p.a.(for $1 and over)

1.05% p.a. (for $1 to $250,000)

Yes up to $250,000

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0.05% p.a.(for $0 and over)

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Yes up to $250,000

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0.01% p.a.(for $0 and over)

0.50% p.a. (for $0 and over)

Yes up to $250,000

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1.55% p.a. (for $0 and over)

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0.01% p.a.(for $0 and over)

2.01% p.a. (for $0 and over)

Yes up to $250,000