Hero Saver
A savings account that rewards you for growing your balance
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Details
| Field | Value |
|---|---|
| Base | 0.10% |
| Ongoing | 5.35% |
| Ongoing cap | $250K |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | 0 |
| Dep $/mth | - |
| Growth/mth | $0.01 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | - |
| Min age | 14 |
| 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 | First $5,000,000.99 |
| Base rate component | 0.00% | This band only | Over $5,000,000.99 |
| Ongoing total, conditions met | 5.35% | This band only | First $250,000.99 |
| Ongoing total, conditions met | 0.10% | This band only | Over $250,000.99 to $5,000,000.99 |
| Ongoing total, conditions met | 0.00% | This band only | Over $5,000,000.99 |
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 Hero Saver, meet these requirements to earn the ongoing total rate shown above.
- Balance excluding interest at close of business on the last business day must exceed the balance on the first business day. Withdrawals are permitted if growth is still achieved. Bonus only on the first $250,000.99, base on the next portion to $5,000,000.99, then zero.
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
- The Hero Saver is an interest bearing account for personal customers. If applying through staff assisted channels, be aged 14 years or older. If applying through online channels, be aged 16 years or older. Effective 4 May 2026, the applicant cannot be a trustee of any trust. Additional eligibility criteria apply to joint accounts.
- The Hero Saver is an interest bearing account for personal customers aged 14 years or older. If applying through staff assisted channels, be aged 14 years or older. If applying through online channels, be aged 16 years or older. Effective 4 May 2026, the applicant cannot be a trustee of any trust. Additional eligibility criteria apply to joint accounts.
- There is a limit of one account per person, whether as a single or joint account holder.
- A maximum of two account holders is permitted on the account. Additional eligibility criteria apply for joint accounts.
- Australian citizen or Australian permanent resident: Customer must have a residential address in Australia (limited exceptions may apply subject to conditions)
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 27 Oct 2026.