Horizon Direct 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.
- No upper balance cap in the reviewed ongoing pricing.
Hoops
- Check the provider’s eligibility, linked-account terms and other service charges.
On this page
Details
Key details
| Product name | Horizon Direct |
|---|---|
| Maximum variable rate | 3.50% p.a. |
| Ongoing interest rate | 3.50% p.a. |
| Base interest rate | 3.50% p.a. |
| Minimum age | - |
Source: noren.com.au
All comparison details
| Base | 3.50% |
|---|---|
| Ongoing | 3.50% |
| 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 | - |
| 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: 3.50% p.a..
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Standard variable | 3.50% | Whole balance | All balances |
Source: noren.com.au
Share/Export
Requirements
- Online-only savings with at-call funds and no branch transactions or debit-card access. No minimum balance, regular monthly account fee, introductory offer, or monthly deposit, growth, purchase or withdrawal-count interest test.
- Interest calculated daily on the whole balance and paid monthly. Other service charges, including an annual inactive-account charge, may apply. No mandatory linked transaction account is established by the reviewed terms.
- The current product page, general rates page and pinned dated PDF agree. CDR alternates between two numeric rates without an update timestamp change and is retained separately, its price is not substituted into this website product.
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 residents, Horizon membership and identity checks. A refundable $2 share is required, it is not a monthly fee. No universal numeric age minimum is specified by the current TMD.
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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.