Savvy Saver Account
Want a savings account to deposit and hold or withdraw money for personal use without being penalised? A savings account that earns you additional bonus interest when the monthly bonus interest criteria is met each month.
On this page
Details
| Field | Value |
|---|---|
| Base | 0.20% |
| Ongoing | 5.25% |
| Ongoing cap | $100K |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | 1 |
| Dep $/mth | $500 |
| Growth/mth | $0 |
| Buys/mth | 5 |
| Txns/mth | - |
| W/d/mth | - |
| Min age | 18 |
| Max age | - |
| Fee/mth | $0 |
Source: noren.com.au
Interest rates & fees
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Base rate component | 0.20% | Whole balance | Up to $5m |
| Bonus addition, conditions met | 5.05% | This band only | First $100k |
| Bonus addition, conditions met | 0.00% | This band only | Over $100k to $5m |
Source: noren.com.au
Additions are added to the base or ongoing rate. Total rates already include their components.
This band only: the rate applies to the money within the listed balance range. Other portions earn their own rates.
Bonus requirements
For Savvy Saver Account, meet these requirements to earn the ongoing total rate shown above.
- Deposit at least $500 from an eligible external source into an eligible linked transaction account and make five settled eligible Visa Debit purchases each calendar month. Cash deposits, internal transfers, ATM activity, direct debits, BPAY, Bank@Post and pending transactions do not qualify as specified in the terms. Bonus applies to the first $100,000, excess earns base.
- Provider fee review 29 October 2026: this savings account has no monthly account-keeping fee. This does not waive transaction, statement, special-service or separately linked-account charges, their published conditions still apply.
Qualification timing: Requirements are assessed in the current month. Check the settlement deadlines and exclusions in the requirements.
Fees
| Fee | Amount | Details |
|---|---|---|
| Monthly account fee | $0 | Monthly account fee. |
Source: noren.com.au
Showing reviewed fees only, other charges may apply
Rate history
| Observed | Base | Ongoing | Intro |
|---|---|---|---|
| 29 Oct 2026 | 0.20% | 5.25% | - |
Source: noren.com.au
Eligibility
- Age 18 or over.
- Member must be a natural person rather than another legal entity.
- You must be or become a P&N Bank member
- You must be an Australian citizen and/or resident or a non-resident with a qualifying visa evidencing 12 months or longer residency. A valid Australian address is required to open an account. Membership eligibility applies.
- One savings account per customer. The linked eligible transaction account must meet primary-member and Visa access rules, both accounts must be open and linked at month end. Linking can take five business days, only transactions after linking count.
- The linked P&N & Transaction Account must be held in a single name, even when the Savvy Saver is joint.
- Personal account only. Maximum account balance $5m. Membership and residency requirements apply, see provider terms for child/joint signing rules.
Similar products
Tools & support
Things you should know
- Check withdrawal access, linked-account requirements and transaction timing with the provider.
- Introductory and ongoing offers may have different eligibility and balance limits.
Collected on 30 Oct 2026. Pricing verified on 27 Oct 2026.