Dynamo/Flex Account (Dynamo, ages 0–12)
This is a special purpose children’s savings account created to enable children to earn extra interest if they do not withdraw funds. Funds are available at call. You can use Internet on the account
On this page
Details
| Field | Value |
|---|---|
| Base | 0.40% |
| Ongoing | 2.65% |
| Ongoing cap | $50K |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | 1 |
| Dep $/mth | $20 |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | 0 |
| Min age | 0 |
| Max age | 12 |
| Fee/mth | $0 |
Source: noren.com.au
Interest rates & fees
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Base rate component | 0.40% | This band only | First $49,999.99 |
| Base rate component | 0.00% | This band only | Over $49,999.99 |
| Ongoing total, conditions met | 2.65% | This band only | First $49,999.99 |
| Ongoing total, conditions met | 0.00% | This band only | Over $49,999.99 |
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 Dynamo/Flex Account (Dynamo, ages 0–12), meet these requirements to earn the ongoing total rate shown above.
- Deposit at least $20 in total and make no withdrawals during the calendar month, before system close on month end, and remain in credit throughout the qualifying month. Otherwise base only.
- Month-end system close is not fixed and can occur from 5pm Sydney time. Later transactions can count toward the following month, do not assume a midnight cutoff.
- Base and bonus interest are capped to $49,999.99, no interest on excess portions.
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 | 0.40% | 2.65% | - |
Source: noren.com.au
Eligibility
- Individuals
- Australian Citizen
- Australian Residents
- Dynamo: age 12 or under, with parental consent. Automatically changes to Flex at age 13.
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 28 Oct 2026.