Firefighters Mutual Starter Saver Summary
Description
A variable-rate savings account. The reviewed ongoing rate has no monthly activity requirements.
Benefits
- No monthly savings-account fee.
- No monthly activity requirements for the ongoing rate.
Hoops
- Ongoing rate cap: $50,000. See the rate breakdown for higher balances.
On this page
Details
Key details
| Product name | Firefighters Mutual Starter Saver |
|---|---|
| Maximum variable rate | 5.50% p.a. |
| Ongoing interest rate | 5.50% p.a. |
| Base interest rate | 5.50% p.a. |
| Minimum age | - |
Source: noren.com.au
All comparison details
| 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
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 5.50% p.a..
Full rate breakdown
| 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
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.
- No monthly deposit, balance-growth, card-purchase or withdrawal-count bonus test. At-call withdrawals do not forfeit the advertised interest.
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.
- 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.
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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.