BankMate

Savings account · 18+ years

P&N Savvy Saver Account

5.50%p.a. total

0.20% base + 5.30% bonus when the conditions are met

19th of 151 savings accounts · market average 4.37%

Go to P&NCompare with another accountCompare with P&N's term deposit

The RBA raised the cash rate to 4.60% on 30 September. Savvy Saver Account moved on 1 November, 32 days later.

What the bonus asks

2 things each month
Each month
  1. A deposit of at least $500
  2. 5 card purchases
A month without them

Pays the 0.20% base rate on the whole balance.

Who can open it

Anyone 18 or over

Balance

The bonus is paid on balances up to $100,000.

Compare all 151 accounts

Rate history

Last change 1 Nov
  • Savvy Saver Account
  • RBA cash rate
  • Market average
4.004.505.005.50AprJunAugOctToday5.50% p.a. today

November 20261 change

  1. 1Sun
    • 5.25 → 5.50Bonus rate 5.05% → 5.30% · 32 days after the RBA rise to 4.60%
      +0.25

June 20261 change

  1. 2Tue
    • 5.10 → 5.25Bonus rate 4.90% → 5.05% · 27 days after the RBA rise to 4.35%
      +0.15

April 20261 change

  1. 2Thu
    • 4.75 → 5.10Bonus rate 4.55% → 4.90% · 15 days after the RBA rise to 4.10%
      +0.35

  1. #25MarMar 2026: ranked 25 of 64
  2. #9AprApr 2026: ranked 9 of 76
  3. #19MayMay 2026: ranked 19 of 79
  4. #11JunJune 2026: ranked 11 of 79
  5. #12JulJuly 2026: ranked 12 of 80
  6. #12AugAug 2026: ranked 12 of 80
  7. #19SepSep 2026: ranked 19 of 120
  8. #18OctOct 2026: ranked 18 of 150
  9. #19NowNov 2026: ranked 19 of 151
  • Top 5%
  • Top 10%
  • Top 25%
  • Top half
  • Lower half

In the top 25% for 8 of the last 9 months. Never below the top 50%.

A year meeting the conditions
$2,750
A year without meeting the conditions
$100
Against the average (4.37%)
+$566

On a $50,000 balance. Type yours above; it's kept with your savings preferences.

Up to $100k5.50%
$100k+0.20%

Notes from savers

to leave a note.

Other P&N accounts: Smart Saver Account 5.35% · Way Cool Saver 3.80% · Hi Saver Account 0.05%

Pays 5.50% p.a. total (0.20% base plus 5.30% bonus) as of 2 November 2026. Ranks 19th of 151 savings accounts tracked by BankMate, 1.13 points above the average of 4.37%. The rate last rose on 1 November 2026, 32 days after the RBA raised the cash rate to 4.60%. From P&N's Consumer Data Right feed, refreshed nightly. Compare savings accounts ·