Reward Saver
A variable-rate savings account. Bonus interest depends on meeting the account’s monthly requirements. An introductory offer is available to eligible customers.
On this page
Details
| Field | Value |
|---|---|
| Base | 0.00% |
| Ongoing | 3.75% |
| Ongoing cap | No cap |
| Intro | 4.75% |
| Intro cap | No cap |
| Intro period | 3 mths |
| Dep/mth | - |
| Dep $/mth | $50 |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | 0 |
| Min age | 13 |
| Max age | - |
| Fee/mth | $0 |
Source: noren.com.au
Interest rates & fees
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Base rate component | 0.00% | Shown balance | At $25k |
| Ongoing total, conditions met | 3.75% | Shown balance | No upper cap |
| Introductory total, first 3 months | 4.75% | Shown balance | No upper cap |
Source: noren.com.au
Bonus requirements
For Reward Saver, meet these requirements to earn the ongoing total rate shown above.
- Deposit a total of at least $50 and make no withdrawals in each calendar month to earn reward interest. No separate growth or purchase test. Missed conditions earn the zero standard base, reward interest is not paid in the month of account closure.
- No minimum balance or regular monthly account-keeping fee. Other service charges, including an annual inactive-account charge, may apply. Funds at call, no debit-card access. Interest calculated daily on the whole balance and paid monthly.
- Ongoing pricing is kept separate from the three-month introductory total. The current linked 12 October 2026 rate PDF and detailed product page establish the reward/intro components. The general HTML directory still lists 4.50%, which agrees with neither component nor total, this reviewed discrepancy is disclosed and its value is not substituted for the corroborated schedule.
- The introductory uplift is fixed for three months. The current contract does not clearly establish whether that uplift alone survives failure of the monthly reward test, the displayed intro total assumes reward qualification, and no intro fallback is asserted.
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 | 0.00% | 3.75% | 4.75% |
Source: noren.com.au
Eligibility
- Personal Australian residents, membership and identity checks. The current TMD permits ages 13+. CDR says 18+ and remains a separate unresolved source record.
- A refundable $2 membership share is required, not a monthly fee. Only one Reward Saver account is allowed under the account summary.
Introductory offer
- New or existing members who have never previously held a Reward Saver account. The 1.00% introductory uplift is fixed for three months, the underlying reward rate is variable.
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 28 Oct 2026.