Border Dynamo/Flex Account (Dynamo, ages 0–12) Summary
Description
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
Benefits
- No monthly savings-account fee.
Hoops
- Available to ages 0 to 12.
- For bonus interest, deposit at least $20 each month. Check the full requirements below.
- Withdrawals can forfeit bonus interest.
- Ongoing rate cap: $49,999.99. See the rate breakdown for higher balances.
On this page
Details
Key details
| Product name | Border Dynamo/Flex Account (Dynamo, ages 0–12) |
|---|---|
| Maximum variable rate | 2.65% p.a. |
| Ongoing interest rate | 2.65% p.a. |
| Base interest rate | 0.40% p.a. |
| Minimum age | 0 years |
Source: noren.com.au
All comparison details
| 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
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 0.40% p.a., before bonus interest.
- Ongoing: 2.65% p.a. when bonus conditions are met. Up to $49,999.99.
Full rate breakdown
| 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
Share/Export
This band only: the rate applies to the money within the listed balance range. Other portions earn their own rates.
Requirements
- 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
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with Border.
- Individuals
- Australian Citizen
- Australian Residents
- Dynamo: age 12 or under, with parental consent. Automatically changes to Flex at age 13.
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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 30 Oct 2026. Pricing verified on 28 Oct 2026.