The rates outlined below are effective 12 April 2024. Rates are subject to change and may change at any time including between the time you apply for a transaction account and when your account is opened.
Access Account
| Tier | Variable rate | Interest calculated | Interest credited |
|---|---|---|---|
| $0 + | 0.00% p.a. | Daily balance | End of month |
Advantage saver^
| Tier | Variable rate | Interest calculated | Interest credited |
|---|---|---|---|
| Less than $2,000 | 0.00% p.a. | Daily balance | End of month |
| $2,000 - $47,999.99 | 1.80% p.a. | ||
| $48,000 + | 2.20% p.a. |
Concession Account
| Tier | Variable rate | Interest calculated | Interest credited |
|---|---|---|---|
| $0 + | 0.00% p.a. | Daily balance | End of month |
Business Access#
| Tier | Variable rate | Interest calculated | Interest credited |
|---|---|---|---|
| $0 + | 0.00% p.a. | Daily balance | Half yearly - Last day of June and December |
Business Basic Access
| Tier | Variable rate | Interest calculated | Interest credited |
|---|---|---|---|
| $0 + | 0.00% p.a. | Daily balance | End of month |
If your transaction account is overdrawn, interest will be charged on the overdrawn balance, and will be calculated daily at 12.29% p.a. and charged to the account at the end of the month or in line with the dates detailed above.
Transaction accounts no longer available
The interest rates below are the current interest rates for our transaction accounts that are no longer available for sale.
| Tier | Variable rate | Interest calculated | Interest credited |
|---|---|---|---|
| $0 + | 0.00% p.a. | Daily balance | End of month |
| Tier | Variable rate | Interest calculated | Interest credited |
|---|---|---|---|
| $0 + | 0.00% p.a. | Daily balance | End of month |
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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.
^Interest is calculated on the amount in each tier at the rate applying to that tier. It is not paid on the total amount at the rate for that tier.
#Interest is paid on the total amount at the rate for that tier.