CMB Youth Saver Summary
Description
A savings account for members under 18, with a flat variable interest rate and interest paid annually.
Benefits
- No monthly savings-account fee.
- No monthly activity requirements for the ongoing rate.
- No upper balance cap in the reviewed ongoing pricing.
Hoops
- Available up to age 17.
On this page
Details
Key details
| Product name | CMB Youth Saver |
|---|---|
| Maximum variable rate | 2.25% p.a. |
| Ongoing interest rate | 2.25% p.a. |
| Base interest rate | 2.25% p.a. |
| Minimum age | - |
Source: noren.com.au
All comparison details
| 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
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 2.25% p.a..
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Standard variable | 2.25% | Whole balance | All balances |
Source: noren.com.au
Share/Export
Requirements
- 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
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with CMB.
- 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.
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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 31 Oct 2026. Pricing verified on 29 Oct 2026.