BankWAW Youth Saver Summary
Description
WAW Youth Saver
Benefits
- No monthly savings-account fee.
- No upper balance cap in the reviewed ongoing pricing.
Hoops
- Available to ages 13 to 25.
- For bonus interest, deposit at least $50 each month. Check the full requirements below.
- Withdrawals can forfeit bonus interest.
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Details
Key details
| Product name | BankWAW Youth Saver |
|---|---|
| Maximum variable rate | 5.00% p.a. |
| Ongoing interest rate | 5.00% p.a. |
| Base interest rate | 0.75% p.a. |
| Minimum age | 13 years |
Source: noren.com.au
All comparison details
| Base | 0.75% |
|---|---|
| Ongoing | 5.00% |
| Ongoing cap | No cap |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | - |
| Dep $/mth | $50 |
| Growth/mth | - |
| Buys/mth | - |
| Txns/mth | - |
| W/d/mth | 0 |
| Min age | 13 |
| Max age | 25 |
| Fee/mth | $0 |
Source: noren.com.au
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 0.75% p.a., before bonus interest.
- Ongoing: 5.00% p.a. when bonus conditions are met. No upper cap.
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Base rate component | 0.75% | Whole balance | All balances |
| Ongoing total, conditions met | 5.00% | Whole balance | All balances |
Source: noren.com.au
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Requirements
- No fixed monthly account-keeping fee. Transaction and non-standard service charges can apply, including optional sub-account charges. No introductory savings offer is established.
- Deposit at least $50 in total and make no withdrawals during the month to earn bonus interest. Otherwise the base rate applies. No separate monthly balance-growth or card-purchase test. Interest calculated daily on the whole balance and paid monthly.
- Qualification timing: Requirements are assessed in the current month. Check the settlement deadlines and exclusions in the requirements.
Fees
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with BankWAW.
- Personal individual or joint account, subject to BankWAW membership and identity checks. The target market is people located in or associated with North East Victoria and Southern New South Wales.
- Aged 13–25 inclusive. Converts to Everyday Saver at age 26. No debit card access.
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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 on 31 Oct 2026. Pricing verified on 29 Oct 2026.