Spending Account
Interest rate
0.05% p.a.*
For everyday use with a Debit Mastercard.
- No monthly fees
- Make online purchases
- Get a Flexi Cash overdraft
- *Interest earned on accounts over $2,000
Achiever Saver
Interest rate
1.65% p.a.
An on-call savings account that you can use like a spending account.
- $1 minimum investment
- Earn interest even if you make multiple withdrawals
- No monthly fees
- Free mobile and internet banking
Bonus Saver
Combined Rate of
3.25% p.a.
Earn bonus interest when you make no withdrawals and deposit at least $20 each month.
- $1 minimum investment
- Base rate of 0.50% p.a.
- Bonus rate of 2.75% p.a.
- No monthly fees
Christmas Club
Interest Rate
1.50% p.a.
Save for Christmas and get a bonus in November.
- Receive a $10 or $20 bonus if you make one deposit a month and no withdrawals*
- No monthly fees
- *Conditions apply
Future Saver
Base rate of
0.50% p.a.
Combined Rate of
3.25% p.a.
Designed for young people to learn the benefits of savings. Earn bonus interest when there are no withdrawals and deposit of at least $20 each month.
- $1 minimum investment
- Bonus rate of 2.75% p.a.
- No monthly fees
- Free mobile and internet banking
- For members aged between 13 and 19 years of age.
Get more for your money
Christmas club
Get a $20 bonus if you open a Christmas club account account before 29 Feb 2024.
Saving for children
Earn $100 for your child or grandchild if you open an Achiever Saver or Bonus Saver account before their first birthday.
Future savers
Designed to teach young people good money management. Earn bonus interest if you deposit $20 per month and make no withdrawals.
Ways to bank
Internet banking
Access your money anytime, anywhere.
To signup, call 0800 429 000
Police Credit Union app
Available for all members and on Police mobile devices.
To signup, call 0800 429 000
| Features | Internet | App |
|---|---|---|
| Transfer money between accounts | tick | tick |
| Make one off payments | tick | tick |
| Set up automatic payments | tick | tick |
| See account balances and transactions | tick | tick |
| Save payees | tick | tick |
| Message us through the app | tick | tick |
Fees
| Account type | Direct debit dishonour | Dormant account | Foreign currency |
|---|---|---|---|
| Spending account | $25 | $5 per month* | 2% |
| Achiever saver | $25 | $5 per month* | N/A |
| Bonus saver | $25 | $5 per month* | N/A |
| Christmas Club | $25 | $5 per month* | N/A |
| Future Saver | $25 | $5 per month* | N/A |
*Accounts become dormant after 12 months of no transactions. The dormant account fee is refunded if the account is reactivated.
Fees from other banks may be on-charged: telegraphic transfer fees; dishonour fees; special answer fees; and/or cash deposit fees. Call 0800 429 000 for more information.
Open an account
If you're an existing member you can open an account by:
- Calling us on 0800 429 000
- Sending us a message through online or mobile banking
- Emailing us at info@policecu.org.nz
Not a member?
The fine print
Accounts
Christmas club
Bonus limited to one per account holder. To qualify for a $20 bonus you must:
- Open an account before close of business on 29 February 2024
- Each month, from (and including) March to October, make at least one deposit* and no withdrawals
To qualify for a $10 bonus you must:
- Open an account between 1 March 2024 and close of business on 31 May 2024
- Each month, from when your account is opened to (and including) October, make at least one deposit* and no withdrawals
*Excludes credit interest.
Future saver
Eligible for members under 20 years old. Members over 20 must transfer to another savings account.
Payments
- Payments are processed every 2–3 hours during the day.
- Payments from your account are processed if you have sufficient funds in your account.
- Payments from your account into another PCU member’s account are sent immediately.
- Payments from another PCU member to your account are received immediately.
- Payments from other banks will be paid into your account as soon as we receive them. Banks have different payment times so you may receive payments at different times throughout the day.
- Incorrect payment amounts or incorrect bank account numbers can not be reversed by the Police Credit Union. You must seek reimbursement from the payee for any payment errors.
- Scheduled payments will be processed the morning the payment is due.