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Power Saver

Ready to power up your savings? Good choice. The Power Saver rewards you for sticking to the plan each month – top up, and hands off.

Up to

4.35
% p.a.

Standard + bonus variable rate

Why choose a Power Saver savings account?

Earn bonus interest

Top up your balance, skip the withdrawals – and get rewarded with bonus interest.

Organise your savings

Open up to three accounts to keep your goals clear and your savings growing.

Small change, big wins

Pay&Save rounds up your spending to grow your savings, so you can ditch the coin jar.

Secure online banking

With the BCU Bank app and internet banking, your money’s protected around the clock.

The features don't stop there

  • Keep more of your money with no minimum balance requirements and zero monthly fees.
  • Boost your savings with an interest rate of up to
    4.35% p.a.
    when you stick to a simple habit – deposit $100 or more each month and don’t make any withdrawals.
  • Reach your goals faster with bonus interest paid on balances up to $250,000.
  • Your savings are safe – deposits up to $250,000 are protected by the Financial Claims Scheme.

How much could you save?

Want to see how your money could grow? Discover your savings potential with our savings goal calculator. 

Calculate your savings

How to earn bonus interest

Deposit $100 or more

Put at least $100 into your Power Saver each month and watch your savings grow.

Make no withdrawals

Skip the withdrawals and let your savings do their thing.

Earn bonus interest

You nailed it! Enjoy your bonus interest boost on savings up to $250,000 for sticking to your savings plan.


rates and fees

Interest rates

Rate type Tier Interest rate
Standard rate $0 + 0.50% p.a.
Bonus rate Up to $250,000 3.85% p.a.
Total maximum rate (standard + bonus) Up to $250,000 4.35% p.a.

Fees and charges

Our Power Saver has no monthly or standard transaction fees. 

Other fees and charges that may apply can be found on our account fees and charges page.

Open a savings account online in minutes

To open an account online, you'll need to be:

New customer

You can open a Power Saver online in just a few minutes – no paperwork, no pressure, just a few steps and you’re sorted.

Existing customer

It's quick and easy to open a new account whenever it suits you using internet banking or the BCU Bank app.

Already bank with us?

You can open a new account through the BCU Bank app or internet banking – no additional ID required.

Open an account online

To open an account online, you’ll need to:

  • Be at least 18 years old
  • Live in Australia with a current residential address
  • Be applying as an individual (not a business or association)
  • Have two forms of ID from the following:
    • NSW or QLD driver licence
    • Australian passport
    • Green Medicare card

We also recommend having your tax file number (TFN) ready. If you earn more interest than the limit set by the ATO and you haven’t provided us with your TFN, withholding tax may be deducted from the interest you earn.

If you don’t meet the eligibility requirements to open an account online, you can still open an account at one of our branches.

Open an account in a branch 

If you’d rather see a friendly face in person, or don’t meet the eligibility requirements to open an account online, drop into one of our branches. Make sure you bring the required documents with you so we can set up your account.

Tools to help you save


Got a question about savings accounts?

You can have up to three Power Saver accounts in total – which is perfect to help you stay organised and track your different savings goals!

Once you open your first account either online or in a branch, you can open more Power Savers in your own name using internet banking or the BCU Bank app. If you’d like to open a joint account, you’ll need to call us on 1300 228 228. 

To earn bonus interest, you‘ll need to deposit at least $100 each calendar month and not make any withdrawals.

If you do make a withdrawal, don’t stress – you’ll just earn the standard interest rate for that month, but you’ll have another chance to earn bonus interest again the next! 

You’ll still earn the standard interest rate for the month, even if you dip into your savings. And don't worry – there's always next month to try and earn that bonus interest!

Because we're here to help

Open an account online

You’ll have access to your Power Saver account in minutes.

Talk to the team

Got a question? Call us on 1300 228 228, pop into your local branch, or chat to us online.

Get answers online

Check out our how-to guides, search our FAQs, and find support services.

Important information

Banking and Credit products issued by Police & Nurses Limited (BCU Bank).

Any information on this website is general in nature and does not consider your personal needs, objectives or financial situation. Our rates are current as of today and can change at any time. Credit eligibility criteria, terms and conditions, fees and charges apply. 

Read the relevant product terms and conditions before deciding if a product is right for you. 

*Bonus interest is applied when a minimum of $100 is deposited and no withdrawals are made from the account during the calendar month. The standard rate will still apply if the bonus interest conditions aren’t met. Bonus interest is paid on balances up to $250,000, with balances more than of $250,000 earning only the standard rate.

Customers can hold up to three Power Saver accounts in total, whether held in single or joint names.