Momentum Saver account
The Momentum Saver account rewards savers with an ongoing bonus interest rate when you deposit a minimum of $100 and make no withdrawals during the month.
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Details
| Field | Value |
|---|---|
| Base | 0.10% |
| Ongoing | 5.35% |
| Ongoing cap | $250K |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | 1 |
| Dep $/mth | $100 |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | 0 |
| Min age | - |
| Max age | - |
| Fee/mth | $0 |
Source: noren.com.au
Interest rates & fees
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Base rate component | 0.10% | This band only | All balances |
| Ongoing total, conditions met | 5.35% | This band only | First $250k |
| Ongoing total, conditions met | 5.25% | This band only | Over $250k to $1m |
| Ongoing total, conditions met | 5.00% | This band only | Over $1m |
Source: noren.com.au
This band only: the rate applies to the money within the listed balance range. Other portions earn their own rates.
Bonus requirements
For Momentum Saver account, meet these requirements to earn the ongoing total rate shown above.
- Deposit a total of at least $100 by the provider month-end cut-off, make no withdrawals or transfers out (including internal transfers), and keep a credit balance throughout the month. Otherwise only base interest applies.
- Provider fee review 29 October 2026: this savings account has no monthly account-keeping fee. This does not waive transaction, statement, special-service or separately linked-account charges, their published conditions still apply.
Qualification timing: Requirements are assessed in the current month. Check the settlement deadlines and exclusions in the requirements.
Fees
| Fee | Amount | Details |
|---|---|---|
| Monthly account fee | $0 | Monthly account fee. |
Source: noren.com.au
Showing reviewed fees only, other charges may apply
Rate history
| Observed | Base | Ongoing | Intro |
|---|---|---|---|
| 29 Oct 2026 | 0.10% | 5.35% | - |
Source: noren.com.au
Eligibility
- Individuals must be citizens or permanent residents of Australia.
- Membership is required. The current Australian Mutual individual-membership application requires Australian citizenship or permanent residency and identity documents, the old education-sector-only source sentence is not imposed as an additional restriction.
Similar products
Tools & support
Things you should know
- Check withdrawal access, linked-account requirements and transaction timing with the provider.
- Introductory and ongoing offers may have different eligibility and balance limits.
Collected on 30 Oct 2026. Pricing verified on 31 Oct 2026.