Horizon Reward Saver Summary
Description
A variable-rate savings account. Bonus interest depends on meeting the account’s monthly requirements. An introductory offer is available to eligible customers.
Benefits
- Introductory rate of 4.75% p.a. for 3 months for eligible customers.
- No monthly savings-account fee.
- No upper balance cap in the reviewed ongoing pricing.
Hoops
- Applicants must be at least 13.
- For bonus interest, deposit at least $50 each month. Check the full requirements below.
- Withdrawals can forfeit bonus interest.
- The introductory offer is temporary, lasting 3 months. The ongoing rate then applies.
On this page
Details
Key details
| Product name | Horizon Reward Saver |
|---|---|
| Maximum variable rate | 4.75% p.a. (Introductory, first 3 months) |
| Ongoing interest rate | 3.75% p.a. |
| Base interest rate | 0.00% p.a. |
| Minimum age | 13 years |
Source: noren.com.au
All comparison details
| 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
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 0.00% p.a., before bonus interest.
- Ongoing: 3.75% p.a. when bonus conditions are met. No upper cap.
- Introductory: 4.75% p.a. for 3 months for eligible customers. No upper cap.
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Base rate component | 0.00% | Whole balance | All balances |
| Ongoing total, conditions met | 3.75% | Whole balance | All balances |
| Introductory total, first 3 months | 4.75% | Whole balance | All balances |
Source: noren.com.au
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Requirements
- 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
- 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, 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 eligibility
- 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.
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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.