P&N Momentum Account Summary
Description
A transaction account for customers aged 55 and over, with easy access to funds and variable stepped interest.
Benefits
- No monthly savings-account fee.
- No monthly activity requirements for the ongoing rate.
Hoops
- Applicants must be at least 55.
- Ongoing rate cap: $10,000. See the rate breakdown for higher balances.
On this page
Details
Key details
| Product name | P&N Momentum Account |
|---|---|
| Maximum variable rate | 0.30% p.a. |
| Ongoing interest rate | 0.30% p.a. |
| Base interest rate | 0.30% p.a. |
| Minimum age | 55 years |
Source: noren.com.au
All comparison details
| Base | 0.30% |
|---|---|
| Ongoing | 0.30% |
| Ongoing cap | $10K |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | 0 |
| Dep $/mth | - |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | - |
| Min age | 55 |
| Max age | - |
| Fee/mth | $0 |
Source: noren.com.au
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 0.30% p.a..
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Standard variable | 0.30% | This band only | First $10k |
| Standard variable | 1.85% | This band only | Over $10k to $50k |
| Standard variable | 2.35% | This band only | Over $50k to $100k |
| Standard variable | 2.70% | This band only | Over $100k to $5m |
Source: noren.com.au
Share/Export
This band only: the rate applies to the money within the listed balance range. Other portions earn their own rates.
Requirements
- No monthly deposit, growth, purchase or withdrawal-count qualification. Interest is calculated daily, stepped tiers apply to each portion of the balance.
- 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.
Fees
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with P&N.
- Age of 55 years and over.
- Member must be a natural person rather than another legal entity.
- Customers may hold up to a total of 3 Momentum Account accounts under single or joint names.
- You must be or become a P&N Bank customer.
- 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.
- Personal account only. Maximum account balance $5m. Membership and residency requirements apply, see provider terms for child/joint signing rules.
More from P&N
Similar products
Sources & review
Noren aggregates information from multiple primary sources to ensure you're getting the most up-to-date, accurate information. All product information is peer reviewed.
Collected on 31 Oct 2026. Pricing verified on 27 Oct 2026.