Banking & Savings Accounts

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Cairns Penny’s banking and savings accounts are simple and straightforward because life’s too short for complicated banking.

Everyday Banking Account

Straightforward account for refreshing hassle-free banking

  • Instant access to your money
  • No monthly fee
  • Free internet banking
  • Free salary credits
  • EFTPOS
  • Direct Debits, BPay and external transfers
  • Visa debit card
  • 10 free transactions per month for EFTPOS purchases where the ‘SAV’ option is used (the CR button is free!), direct debits and external transfers
  • Optional free links to your accountant to help at tax return time through XERO and MYOB – talk to your accountant

 

Term Deposits

Cairns Penny Term Deposits offer a guaranteed return if you invest for a fixed period of time so you know exactly how much interest you will receive and when your funds will be available.

  • Invest from just $1,000
  • Terms from 1 month to 3 years
  • Choose to automatically reinvest your funds
  • Optional monthly interest for terms of 12 months or more

See our interest rates

Internet Saver

If you’re happy to bank online, our internet saver is a great way to manage your savings

  • Invest from $2,000
  • Instant access to your money
  • Fee free
  • Access through Cairns Penny Internet Banking
  • Interest is paid monthly
  • For personal customers only

See our interest rates

First Penny Saver

For those customers aged under 18, a great way to start great savings habits

  • Fee free
  • Instant access to your money
  • Can be used for transactions
  • Optional Visa Debit card for customers over 16
  • Invest as much or as little as you like
  • Internet banking available
  • For smaller children, parents can be authorised to manage the account on the child’s behalf

See our interest rates

Christmas Club

Saving just a small amount each week helps you to afford what you need at Christmas.

  • Make withdrawals between 1st November and 31st December
  • Fee free
  • View your balance through internet banking.

See our interest rates

Pensioner Saver

Especially for pensioners, this easy access account allows your pension to be paid into an account with a good interest rate

  • No monthly fee
  • Instant access to your cash
  • Free Internet Banking
  • EFTPOS
  • Direct Debits, BPay and external transfers
  • No minimum or maximum balance
  • Interest paid monthly
  • Visa debit card

See our interest rates

Home Loan Offset Saver

Designed to reduce the interest on your Cairns Penny Home Loan, your offset saver balance is subtracted from your home loan balance before we calculate your home loan interest. We also allow offset on fixed rate loans which is pretty unique!

You can use it as your everyday banking account to maximise the offset effect or keep your offset saving separate to ensure you don’t dip into it. We can help you to decide.

  • 100% balance offset
  • Instant access to your money
  • No monthly fee
  • Free internet banking
  • Free salary credits
  • EFTPOS
  • Direct Debits, BPay and external transfers
  • Visa debit card
  • 10 free transactions per month for EFTPOS purchases where the ‘SAV’ option is used (the CR button is free!), direct debits and external transfers
  • Optional free links to your accountant to help at tax return time through XERO and MYOB – talk to your accountant

Business Banking

All businesses are different so our business banking account is tailored to what your need. Options include:

  • Internet Banking with administration options, multiple signatory control and salary payments made from your desk
  • BPay, Direct debits, cheque books, external payments
  • Branch deposits
  • Commercial loans and secured overdrafts available
  • Optional free links to your accountant to help at tax return time
  • Optional free links to your accountant to help at tax return time through XERO and MYOB – talk to your accountant

Come and talk to us and tell us what you need from your banking to help you make your business successful.