Firefighters Mutual Momentum Saver Summary
Description
A variable-rate savings account. Bonus interest depends on meeting the account’s monthly requirements.
Benefits
- No monthly savings-account fee.
Hoops
- For bonus interest, deposit at least $100 each month. Check the full requirements below.
- Withdrawals can forfeit bonus interest.
- Ongoing rate cap: $250,000. See the rate breakdown for higher balances.
On this page
Details
Key details
| Product name | Firefighters Mutual Momentum Saver |
|---|---|
| Maximum variable rate | 5.35% p.a. |
| Ongoing interest rate | 5.35% p.a. |
| Base interest rate | 0.10% p.a. |
| Minimum age | - |
Source: noren.com.au
All comparison details
| Base | 0.10% |
|---|---|
| Ongoing | 5.35% |
| Ongoing cap | $250K |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | - |
| Dep $/mth | $100 |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | 0 |
| 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: 0.10% p.a., before bonus interest.
- Ongoing: 5.35% p.a. when bonus conditions are met. Up to $250k.
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Base rate component | 0.10% | This band only | First $5m |
| Ongoing total, conditions met | 5.35% | This band only | First $250k |
| Ongoing total, conditions met | 5.25% | This band only | Over $250k to $1m |
| Ongoing total, conditions met | 5.00% | This band only | Over $1m to $5m |
| Rates unverified | - | - | Over $5m |
Source: noren.com.au
Share/Export
This band only: the rate applies to the money within the listed balance range. Other portions earn their own rates.
Requirements
- Variable rates apply to portions of the balance. Interest is calculated daily on cleared end-of-day balances using the annual rate divided by 365, and credited on or about the last day of each month.
- No regular monthly account-keeping fee. New members receive an Everyday Direct transaction account when opening savings, also with no monthly account-keeping fee. Other service and transaction charges may apply.
- Deposits over $5,000,000 in aggregate across savings and transaction accounts are subject to bank acceptance. A single account balance does not establish aggregate eligibility.
- Deposit at least $100 in total before 5pm Sydney time on the last calendar day of the month, make no withdrawals or transfers out and keep a credit balance throughout the month. The base rate applies if bonus conditions are not met.
- Withdrawals after the last-day cut-off generally count in the following month and can affect that month’s bonus. There is no separate card-purchase or balance-growth test.
- Qualification timing: Requirements are assessed in the current month. Check the settlement deadlines and exclusions in the requirements.
Fees
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with Firefighters Mutual.
- Australian citizen or permanent resident with an Australian residential address and satisfactory identity checks.
- Membership covers people employed in, retired from or volunteering in Australian emergency services, or immediate family of a Firefighters Mutual Bank member.
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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 and verified on 31 Oct 2026.