Savings account · Up to 15 years
P&N Way Cool Saver
3.80%p.a. total
No bonus conditions: the rate is paid every month
110th of 151 savings accounts · market average 4.46%
The RBA raised the cash rate to 4.85% on 4 November. Way Cool Saver hasn't moved yet. After the September rise it moved 32 days later.
What it asks
Nothing each month- Each month
Nothing. The rate is paid every month.
- Who can open it
Anyone under 16
- Balance
The top rate is paid on balances up to $5,000.
Rate history
Last change 1 Nov- Way Cool Saver
- RBA cash rate
- Market average
November 20261 change
- 1Sun
- 3.55 → 3.80Total rate 3.55% → 3.80% · 32 days after the RBA rise to 4.60%+0.25
- #97SepSep 2026: ranked 97 of 120
- #108OctOct 2026: ranked 108 of 150
- #110NowNov 2026: ranked 110 of 151
- Top 5%
- Top 10%
- Top 25%
- Top half
- Lower half
Mostly outside the top half of accounts over the last 3 months: from #108 of 150 in Oct 2026 to #97 of 120 in Sep 2026.
- Interest a year
- $190
- Each month
- $16
- Against the average (4.46%)
- −$2,039
On a $50,000 balance. Type yours above; it's kept with your savings preferences.
On $50,000: 3.80% to $5k, no rate published above.
It's never too early to learn the value of money. And a Way Cool Saver is a great way to get started. Teach your kids to save more and spend less of their pocket money - handy skills to have down the track.
Notes from savers
to leave a note.
Other P&N accounts: Savvy Saver Account 5.50% · Smart Saver Account 5.35% · Hi Saver Account 0.05%
Pays 3.80% p.a. with no bonus conditions as of 9 November 2026. Ranks 110th of 151 savings accounts tracked by BankMate, 0.66 points below the average of 4.46%. 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 ·