Momentum Saver
A variable-rate savings account. Bonus interest depends on meeting the account’s monthly requirements.
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Details
| Field | Value |
|---|---|
| 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
Interest rates & fees
| 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
This band only: the rate applies to the money within the listed balance range. Other portions earn their own rates.
Bonus requirements
For Momentum Saver, meet these requirements to earn the ongoing total rate shown above.
- 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
| 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 | 0.10% | 5.35% | - |
Source: noren.com.au
Eligibility
- Australian citizen or permanent resident with an Australian residential address and satisfactory identity checks.
- Membership covers Australian health-sector employees and retirees, people studying or graduated from healthcare courses at an Australian university, or immediate family of a Health Professionals Bank member.
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.