Darling Downs Education Saver Summary
Description
A savings account with daily interest paid monthly, an initial two-year withdrawal restriction and limited withdrawals afterwards.
Benefits
- No monthly savings-account fee.
- No monthly activity requirements for the ongoing rate.
- No upper balance cap in the reviewed ongoing pricing.
Hoops
- Check the provider’s eligibility, linked-account terms and other service charges.
On this page
Details
Key details
| Product name | Darling Downs Education Saver |
|---|---|
| Maximum variable rate | 0.85% p.a. |
| Ongoing interest rate | 0.85% p.a. |
| Base interest rate | 0.85% p.a. |
| Minimum age | - |
Source: noren.com.au
All comparison details
| 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
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 0.85% p.a..
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Standard variable | 0.85% | Whole balance | All balances |
Source: noren.com.au
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Requirements
- 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
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with Darling Downs.
- 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.
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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.