Starter Saver
A variable-rate savings account. The reviewed ongoing rate has no monthly activity requirements.
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Details
| Field | Value |
|---|---|
| Base | 5.50% |
| Ongoing | 5.50% |
| Ongoing cap | $50K |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | - |
| Dep $/mth | - |
| Growth/mth | $0 |
| Buys/mth | 0 |
| 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 | 5.50% | This band only | First $50k |
| Standard variable | 4.50% | This band only | Over $50k to $5m |
| Rates unverified | - | - | Over $5m |
Source: noren.com.au
This band only: the rate applies to the money within the listed balance range. Other portions earn their own rates.
Rate requirements
For Starter Saver.
- 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.
- No monthly deposit, balance-growth, card-purchase or withdrawal-count bonus test. At-call withdrawals do not forfeit the advertised interest.
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 | 5.50% | 5.50% | - |
Source: noren.com.au
Eligibility
- 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.
- Under 30, or a full-time or part-time student of any age at an Australian university when opening. Normally converts to Essential Saver at 30, eligible students aged 30 or over retain it until two years after graduation.
- A parent or guardian must open an under-13 account and already be a member. Children cannot be signatories before 13. Applicants aged 13 to 17 may apply themselves or through a parent or guardian.
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.