Savings
Australia has the strongest banking regulatory system in the world – all banks (including Police Bank), building societies and credit unions meet exceptionally high standards on capital, liquidity, risk management and governance as set down by the regulator, APRA. Under the Banking Act deposits in all Australia’s banks (including Police Bank), building societies and credit unions are safe.
Police Bank has a comprehensive range of savings and investment accounts designed to help you better manage your money. We offer everyday accounts with payroll credits, full ATM/EFTPOS access and internet/telephone banking facilities. Special Accounts are also available to help grow your balance.
Easy Access (S1)
Your day to day savings account for all your basic banking needs. Your funds are at call and earn daily interest. You can access your money by card or cheque, set up bill payments and use internet of phone banking.
| Visa Debit | Redicard | Internet Banking | Redidial | Direct Debit | Electronic Transfer | Overdraft | Cheque Facility | BPAY | ATM / EFTPOS | Bank@Post |
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Budget Saver (S2)
To help plan for the payment of periodic bills where the amount can be larger than expected (such as phone, electricity or your car registration), you can have a fixed amount deposited in a Budget Saver Account from your pay.
| Visa Debit | Redicard | Internet Banking | Redidial | Direct Debit | Electronic Transfer | Overdraft | Cheque Facility | BPAY | ATM / EFTPOS | Bank@Post |
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Christmas Club (S3)
Our Christmas Club account prepares you for the next holiday and festive period and helps you avoid the post season debt trap.
| Visa Debit | Redicard | Internet Banking | Redidial | Direct Debit | Electronic Transfer | Overdraft | Cheque Facility | BPAY | ATM / EFTPOS | Bank@Post |
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Pension Maximiser (S5)
This is a deeming account for people on a pension with a flat rate of interest.
| Visa Debit | Redicard | Internet Banking | Redidial | Direct Debit | Electronic Transfer | Overdraft | Cheque Facility | BPay | ATM / EFTPOS | Bank@Post |
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Insurance Saver (S6)
The Insurance Saver Account automatically deducts the specified amount from your salary and puts it into your Insurance Saver Account until the insurance payments are due. This way you never have to worry about falling behind in your insurance payments.
| Visa Debit | Redicard | Internet Banking | Redidial | Direct Debit | Electronic Transfer | Overdraft | Cheque Facility | BPay | ATM / EFTPOS | Bank@Post |
(Insurance Only) |
Online Supersaver (S8)
Enjoy a higher interest rate without locking-in your funds complete with easy transfers for instant access.
| Visa Debit | Redicard | Internet Banking | Redidial | Direct Debit | Electronic Transfer | Overdraft | Cheque Facility | BPay | ATM / EFTPOS | Bank@Post |
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Savings Plus (S10)
The Savings Plus Account has a built-in incentive to help you grow your savings – a completely tiered interest rate that increases as your savings balance grows.
| Visa Debit | Redicard | Internet Banking | Redidial | Direct Debit | Electronic Transfer | Overdraft | Cheque Facility | BPay | ATM / EFTPOS | Bank@Post |
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Safeguard (S11)
Safeguard is a special purpose savings account to help you avoid penalty charges such as overdrawn service fees and dishonour fees. Your funds are at call and earn daily interest.
| Visa Debit | Redicard | Internet Banking | Redidial | Direct Debit | Electronic Transfer | Overdraft | Cheque Facility | BPay | ATM / EFTPOS | Bank@Post |
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Market Linked (S15)
With a balance of as little as $5,000, you can earn interest at money market rates with our Market Linked Account. Unlike a term deposit, your money is available for withdrawal after just seven days – and providing you keep a minimum balance of $5,000, you can make withdrawals at any time.
| Visa Debit | Redicard | Internet Banking | Redidial | Direct Debit | Electronic Transfer | Overdraft | Cheque Facility | BPay | ATM / EFTPOS | Bank@Post |
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First Home Saver (S16)
The First Home Saver is an account designed to assist you in saving for your first home.
| Visa Debit | Redicard | Internet Banking | Redidial | Direct Debit | Electronic Transfer | Overdraft | Cheque Facility | BPay | ATM / EFTPOS | Bank@Post |
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Edvest RediFund Plus (S21)
This account is similar to the Market Linked Account but pays a bonus 0.25% p.a. above the Market Linked rate.
| Visa Debit | Redicard | Internet Banking | Redidial | Direct Debit | Electronic Transfer | Overdraft | Cheque Facility | BPay | ATM / EFTPOS | Bank@Post |
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Bonus Saver (S23)
Reach your goals faster with Police Bank’s Bonus Saver Account which rewards you for saving your hard earned money! Simply deposit a minimum of $100 a month with no withdrawals and you will receive a bonus interest rate on your savings!
| Visa Debit | Redicard | Internet Banking | Redidial | Direct Debit | Electronic Transfer | Overdraft | Cheque Facility | BPay | ATM / EFTPOS | Bank@Post |
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Dynamo (S24)
Learning to save has never been so easy with Police Bank’s new children’s saving account!
| Visa Debit | Redicard | Internet Banking | Redidial | Direct Debit | Electronic Transfer | Overdraft | Cheque Facility | BPay | ATM / EFTPOS | Bank@Post |
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Mortgage Offset (S26)
If you have a Premium Variable Home Loan, then the Mortgage Offset account is a ‘must have’ facility. It offsets 100% of the savings balance against your home loan before the loan interest is calculated. This reduces the amount of interest you pay and could shorten the term of your home loan by many years.
| Visa Debit | Redicard | Internet Banking | Redidial | Direct Debit | Electronic Transfer | Overdraft | Cheque Facility | BPay | ATM / EFTPOS | Bank@Post |
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