Geelong Young Achiever Savings Summary
Description
Savings and banking solutions for young children and teenagers made simple and easy.
Benefits
- No monthly savings-account fee.
- No upper balance cap in the reviewed ongoing pricing.
Hoops
- Available up to age 17.
- For bonus interest, make at least 1 qualifying deposit each month. Check the full requirements below.
- Withdrawals can forfeit bonus interest.
On this page
Details
Key details
| Product name | Geelong Young Achiever Savings |
|---|---|
| Maximum variable rate | 3.35% p.a. |
| Ongoing interest rate | 3.35% p.a. |
| Base interest rate | 1.40% p.a. |
| Minimum age | - |
Source: noren.com.au
All comparison details
| Base | 1.40% |
|---|---|
| Ongoing | 3.35% |
| Ongoing cap | No cap |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | 1 |
| Dep $/mth | - |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | 0 |
| Min age | - |
| Max age | 17 |
| Fee/mth | $0 |
Source: noren.com.au
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 1.40% p.a., before bonus interest.
- Ongoing: 3.35% p.a. when bonus conditions are met. No upper cap.
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Base rate component | 1.40% | Whole balance | All balances |
| Ongoing total, conditions met | 3.35% | Whole balance | All balances |
Source: noren.com.au
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Requirements
- No regular monthly account service fee or advertised introductory offer. Other event/service charges apply, including a $20 annual inactive-account/dormancy fee, see the current fee schedule.
- Interest calculated daily. Whole-dollar tier headings use the acquired .99 cent ceilings and adjacent whole-dollar minimums, numeric rates and raw qualification text remain in the original source signature.
- Make at least one deposit and no withdrawals in the calendar month. No stated dollar minimum, separate growth or purchase test. Missing qualification earns the standard base. Interest paid monthly.
- 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 Geelong.
- Personal Australian residents/citizens or permanent residents, subject to membership, identification and account-opening checks. Geelong is a separate brand/source under Hume Bank Ltd, ABN 85 051 868 556.
- Children and teenagers under 18, correcting source MAX_AGE 18. Parent/trust-for-minor arrangements and internet access rules apply. No universal numeric minimum age is specified.
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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 28 Oct 2026.