Education Saver
A savings account with daily interest paid monthly, an initial two-year withdrawal restriction and limited withdrawals afterwards.
On this page
Details
| Field | Value |
|---|---|
| Base | 0.85% |
| Ongoing | 0.85% |
| 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 | - |
| Fee/mth | $0 |
Source: noren.com.au
Interest rates & fees
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Standard variable | 0.85% | Whole balance | All balances |
Source: noren.com.au
Rate requirements
For Education Saver.
- Interest is calculated daily on the whole balance and paid monthly.
- No monthly deposit-count, qualifying deposit-dollar, balance-growth, card-purchase or withdrawal-count interest test is established. No introductory offer or account holding maximum is established.
- The current 9 March 2026 fee schedule says personal accounts do not incur an account-keeping fee, consistent with the March 2026 summary. This supersedes older TMD references to a conditional $5 monthly membership fee. Joining, paper-statement, dormant-customer and transaction fees are separate, confirm applicable charges with the bank. Electronic statements are free and paper statements cost $2 each.
- No withdrawals are normally permitted for two years after the initial deposit. This is an account-level initial restriction, not a new two-year hold on every deposit or a 730-day rolling notice period.
- After the initial restriction, the summary table permits one withdrawal per quarter, while footnote 1 says one per school term. Confirm the applicable withdrawal dates with the bank. This access limit is not represented as a monthly withdrawal-count interest test.
- Early release must be requested in writing and is at the bank’s discretion. Early exit fees may apply, no fixed amount is independently established. No debit card, direct debits, BPAY or online withdrawals are listed. Passbook and staff-assisted withdrawals are subject to the access rules, online services are for deposits and balance enquiries.
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 | 0.85% | 0.85% | - |
Source: noren.com.au
Eligibility
- Individual applicants must be Australian citizens or permanent residents, subject to Darling Downs Bank membership approval and identity checks. This comparison covers personal savings use, including where the provider also permits eligible business use.
- No universal numeric minimum or maximum account age is established in the reviewed product documents. Digital and app access age provisions are separate from the account-opening age. Confirm any joining or subscription costs with the bank.
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.