Special Purpose Accounts

Christmas Club

Our Christmas Club account prepares you for the next holiday and festive period and helps you avoid the post season debt trap.

  • Save with a budget plan that works!

    To avoid temptation, the Christmas Club account has a locked in clause. However, if you do wish to make a withdrawal from the account during the locked-in period, you will incur a fee.

  • Maximum Interest

    Interest is calculated on the daily closing balance and paid annually on the 31st October.

  • Ready funds when you need it!

    Your funds become available from 1 November1. You can have the funds transferred to another Police Bank account or retain the funds in your Christmas Club account.

  • Contributes to Reduced Fees Program

    Simply maintain a combined monthly balance of $5000 or more worth of savings, investments or loans and you will receive more fee free ATM and EFTPOS transactions as well as qualify for fee rebates.

Budget Manager

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 Manager Account from your pay.

Insurance Saver

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.

Contributes to Reduced Fees Program