Youth Reward Saver
High interest savings account for youths aged 13-17 years. Earn an interest reward when a total of $10 or more is deposited and no withdrawals are made in each calendar month
On this page
Details
| Field | Value |
|---|---|
| Base | 2.25% |
| Ongoing | 5.25% |
| Ongoing cap | No cap |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | - |
| Dep $/mth | $10 |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | 0 |
| Min age | 13 |
| Max age | 17 |
| Fee/mth | $0 |
Source: noren.com.au
Interest rates & fees
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Base rate component | 2.25% | Whole balance | All balances |
| Ongoing total, conditions met | 5.25% | Whole balance | All balances |
Source: noren.com.au
Bonus requirements
For Youth Reward Saver, meet these requirements to earn the ongoing total rate shown above.
- No regular monthly account-keeping fee or advertised introductory offer on this account. Other service charges apply, including an inactive-account annual charge, see the current fees schedule.
- Interest is calculated daily on the whole balance. No compulsory linked transaction account has been established by the reviewed terms.
- Deposit a total of at least $10 and make no withdrawals in the calendar month. No separate balance-growth or card-purchase test. If qualification fails the standard base rate applies, no reward interest is paid in the month of account closure. Interest is credited monthly.
- The dated 12 October 2026 rate schedule and product feature tables confirm the source base and bonus. Old webpage footnotes still quote a lower fallback rate, that stale text is not substituted for the dated schedule.
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 |
|---|---|---|---|
| 29 Oct 2026 | 2.25% | 5.25% | - |
Source: noren.com.au
Eligibility
- Personal Australian citizen or Australian resident, subject to identity and tax-residency checks. Membership requires a refundable $2 share, it is not a monthly fee.
- Members aged 13–17 inclusive.
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 on 30 Oct 2026. Pricing verified on 31 Oct 2026.