P&N Bank
Credit unionP&N Bank offers term deposits from $5000 minimum across a wide range of terms. The strongest rate is 5.15% p.a. on the 5-month term, with the 12-month term at 5.0% p.a. and 7-month at 4.5% p.a. also competitive. Rates decline notably for longer terms, dropping to 3.35% p.a. at 5 years. Mid-range terms between 8 and 11 months cluster around 3.6 to 3.8% p.a.
Savings Accounts
Deposit $500 or more into your linked P&N transaction account from an external source and make 5 or more Visa Debit card purchases each month. Bonus applies on balances up to $100,000.
Bonus rate applies on balances up to $100,000
Bonus interest applied when minimum $100 deposited and no withdrawals made from the account during the calendar month. Bonus interest is paid on balances up to $250,000 with balances in excess of $250,000 receiving the standard rate.
Bonus rate applies on balances up to $250,000
Then reverts to 0.05% ongoing rate.