Darling Downs Investment Savings Summary
Description
A passbook savings account with whole-balance variable interest tiers, calculated daily and paid monthly.
Benefits
- No monthly savings-account fee.
- No monthly activity requirements for the ongoing rate.
Hoops
- Ongoing rate cap: $4,999.99. See the rate breakdown for higher balances.
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Details
Key details
| Product name | Darling Downs Investment Savings |
|---|---|
| Maximum variable rate | 0.30% p.a. |
| Ongoing interest rate | 0.30% p.a. |
| Base interest rate | 0.30% p.a. |
| Minimum age | - |
Source: noren.com.au
All comparison details
| Base | 0.30% |
|---|---|
| Ongoing | 0.30% |
| Ongoing cap | $5K |
| 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: 0.30% p.a..
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Standard variable | 0.30% | Whole balance | $1 to $4,999.99 |
| Standard variable | 0.55% | Whole balance | $5k to $19,999.99 |
| Standard variable | 0.75% | Whole balance | $20k to $49,999.99 |
| Standard variable | 0.80% | Whole balance | $50k to $99,999.99 |
| Standard variable | 1.25% | Whole balance | $100k and over |
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.
- The original S7 source is named Passbook Account. The provider’s S7 Investment Savings TMD, current account summary and rate sheet establish its savings purpose and whole-balance tier application. It is separate from both Cash Manager products.
- The rate for the applicable balance band applies to the entire daily balance, not separate portions. Boundaries are $5,000, $20,000, $50,000 and $100,000. The reviewed displayed schedule starts at $1. Funds are at call, with passbook, branch and approved payment facilities.
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.