Youthsaver Account
Designed to help teach saving skills to under 18s, our Youthsaver account offers bonus interest for reaching saving goals.
On this page
Details
| Field | Value |
|---|---|
| Base | 2.35% |
| Ongoing | 5.30% |
| Ongoing cap | $50K |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | 1 |
| Dep $/mth | - |
| Growth/mth | $0.01 |
| Buys/mth | 0 |
| 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 |
|---|---|---|---|
| Base rate component | 2.35% | Whole balance | All balances |
| Ongoing total, conditions met | 5.30% | This band only | First $50k |
| Ongoing total, conditions met | 2.35% | This band only | Over $50k |
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 Youthsaver Account, meet these requirements to earn the ongoing total rate shown above.
- Make at least 1 deposit(s) each calendar month.
- Increase the month-end balance by at least $0.01, excluding interest and bank-initiated transactions.
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 | 2.35% | 5.30% | - |
Source: noren.com.au
Eligibility
- This account is for anyone under the age of 18 years of age. For children 13 years or under, a parent or legal guardian will need to open the account.
- Accounts must be in the child's name only and are unable to be opened as a trust.
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 and verified on 31 Oct 2026.