Youth Saver
A savings account for members under 18, with a flat variable interest rate and interest paid annually.
On this page
Details
| Field | Value |
|---|---|
| Base | 2.25% |
| Ongoing | 2.25% |
| Ongoing cap | No cap |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | - |
| Dep $/mth | - |
| Growth/mth | - |
| Buys/mth | - |
| Txns/mth | - |
| W/d/mth | - |
| Min age | - |
| Max age | 17 |
| Fee/mth | $0 |
Source: noren.com.au
Interest rates & fees
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Standard variable | 2.25% | Whole balance | All balances |
Source: noren.com.au
Rate requirements
For Youth Saver.
- Interest is calculated on the daily balance and credited annually on 30 June, or when the account is closed.
- No recurring deposit-count, qualifying deposit-dollar, balance-growth, card-purchase or withdrawal-count interest test is established. No introductory offer. No minimum ongoing balance is required.
- Transaction and general service fees may apply. The member-rewards program can offset eligible transaction fees, it is separate from interest qualification.
- The July 2026 terms specify daily interest and a flat rate. The older April 2026 TMD says minimum monthly balance, that conflicting wording remains disclosed, the newer account terms govern this comparison.
- No monthly or transaction fees for S6 under-18 accounts under the current fee schedule. Third-party or non-standard service charges may still apply. Funds are at call, with access subject to age and signatory 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 |
|---|---|---|---|
| 31 Oct 2026 | 2.25% | 2.25% | - |
Source: noren.com.au
Eligibility
- Personal customers only, subject to Central Murray Bank membership, shareholding and identity checks. A residential address and tax-residency declaration are required. No universal citizenship, residency restriction or numeric minimum account age is established by the reviewed documents, confirm eligibility directly with the bank.
- Current terms distinguish share refunds for memberships opened before November 2025. No share price or universal refund promise is inferred for new members. Confirm the current subscription terms with the bank.
- Members must be under 18, represented as a maximum whole-year age of 17. Youth members have different shareholding and identification arrangements. Digital banking and card facilities are normally issued from age 12, this access-facility age is not the minimum account-opening age.
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 29 Oct 2026.