Aus Mutual Starter Saver account (University student, any age) Summary
Description
Starter Saver Account is a high interest savings account for Under 30 year olds and uni students that rewards savings.
Benefits
- No monthly savings-account fee.
- No monthly activity requirements for the ongoing rate.
Hoops
- Ongoing rate cap: $50,000. See the rate breakdown for higher balances.
On this page
Details
Key details
| Product name | Aus Mutual Starter Saver account (University student, any age) |
|---|---|
| Maximum variable rate | 5.50% p.a. (Ongoing, Starter Saver account (Under 30)) |
| Ongoing interest rate | 5.50% p.a. |
| Base interest rate | 5.50% p.a. |
| Minimum age | - |
Source: noren.com.au
All comparison details
| Base | 5.50% |
|---|---|
| Ongoing | 5.50% |
| Ongoing cap | $50K |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | 0 |
| Dep $/mth | - |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | - |
| Min age | - |
| Max age | - |
| Fee/mth | $0 |
Source: noren.com.au
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 5.50% p.a..
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Standard variable | 5.50% | This band only | First $50k |
| Standard variable | 4.50% | This band only | Over $50k |
Source: noren.com.au
Share/Export
This band only: the rate applies to the money within the listed balance range. Other portions earn their own rates.
Requirements
- No monthly deposit, growth, purchase or withdrawal-count qualification. Rates apply separately to each portion of the balance.
- 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.
Fees
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with Aus Mutual.
- 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.
- A full-time or part-time student at an Australian university at opening, of any age. For a student aged 30+, converts to Essential Saver two years after graduation.
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Sources & review
Noren aggregates information from multiple primary sources to ensure you're getting the most up-to-date, accurate information. All product information is peer reviewed.
Collected and verified on 31 Oct 2026.