Simple Saver Account
No hoops and no fuss when you just want to save. Simply sit back and watch your savings grow.
On this page
Details
| Field | Value |
|---|---|
| Base | 5.00% |
| Ongoing | 5.00% |
| Ongoing cap | $5M |
| Intro | 5.55% |
| Intro cap | $5M |
| Intro period | 4 mths |
| Dep/mth | 0 |
| Dep $/mth | - |
| Growth/mth | $0 |
| 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 |
|---|---|---|---|
| Standard variable | 5.00% | Whole balance | $1 to $5m |
| Standard variable | 0.05% | Whole balance | $5,000,000.01 and over |
| Introductory total, first 4 months | 5.55% | Whole balance | $1 to $5m |
| Introductory total, first 4 months | 0.60% | Whole balance | $5,000,000.01 and over |
Source: noren.com.au
Rate requirements
For Simple Saver Account.
No ongoing monthly deposit, purchase or balance-growth conditions in the reviewed pricing.
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 | 5.00% | 5.00% | 5.55% |
Source: noren.com.au
Eligibility
- A smartphone that supports iOS 12.0+ or Android 8.0+.
- An Australian mobile number
- An Australian drivers licence or Australian passport or Medicare card
- Fourteen (14) years of age or over
- Applying for a personal account and not in the name of a business or trust. There should be no more than two account holders for this account
- An Australian residential address
- Resident or Citizen: A citizen or permanent resident of Australia
Introductory offer
- New accounts opened on or after 8 September 2026 receive an additional variable rate for the first four months. No monthly activity test or linked transaction account is required.
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 26 Oct 2026.