Horizon Teen Saver Summary
Description
A flexible everyday account for teenagers aged 13-17 years that s easily managed with no transaction fees.
Benefits
- No monthly savings-account fee.
- No monthly activity requirements for the ongoing rate.
- No upper balance cap in the reviewed ongoing pricing.
Hoops
- Available to ages 13 to 17.
On this page
Details
Key details
| Product name | Horizon Teen Saver |
|---|---|
| Maximum variable rate | 4.25% p.a. |
| Ongoing interest rate | 4.25% p.a. |
| Base interest rate | 4.25% p.a. |
| Minimum age | 13 years |
Source: noren.com.au
All comparison details
| Base | 4.25% |
|---|---|
| Ongoing | 4.25% |
| Ongoing cap | No cap |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | 0 |
| Dep $/mth | - |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | - |
| Min age | 13 |
| 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: 4.25% p.a..
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Standard variable | 4.25% | Whole balance | All balances |
Source: noren.com.au
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Requirements
- 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.
- No monthly activity bonus test. Interest paid monthly, funds at call with transaction facilities and an optional debit card. The provider summary expressly classifies this as a youth savings account.
- An extra term-deposit benefit is separate from this savings account interest rate and is not added to it.
Fees
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with Horizon.
- 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. The source MAX_AGE 18 is corrected using the current product page, TMD and rate schedule.
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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.