Clancy Koala
One for little savers out there - Youth savings account for U12 years old
On this page
Details
| Field | Value |
|---|---|
| Base | 0.01% |
| Ongoing | 5.30% |
| Ongoing cap | No cap |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | 1 |
| Dep $/mth | $10 |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | 0 |
| Min age | 0 |
| Max age | 11 |
| Fee/mth | $0 |
Source: noren.com.au
Interest rates & fees
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Base rate component | 0.01% | Whole balance | All balances |
| Ongoing total, conditions met | 5.30% | Whole balance | All balances |
Source: noren.com.au
Bonus requirements
For Clancy Koala, meet these requirements to earn the ongoing total rate shown above.
- Variable savings pricing at the comparison balance. No separate introductory offer or mandatory linked transaction account is advertised. $0 monthly account keeping fee is independently verified, optional non-standard service charges can apply.
- Deposit at least $10 during the calendar month and make no withdrawals in that month to earn the bonus. No separate balance-growth or purchase test. The ordinary base rate applies when bonus conditions fail.
- The CDR repeats the deposit condition on both components and omits the no-withdrawals condition. The provider rate table, PDS and product pages establish the standalone base and the full bonus requirements, only the reviewed arithmetic is corrected.
- Interest is calculated daily and paid monthly. The September 2026 PDS says month-end processing cutoffs can vary and recommends completing transactions before 5pm on the last business day. Transactions processed after the cutoff count toward the following calendar month.
- No debit-card access. Free withdrawals still forfeit bonus interest, free transaction allowances are not a bonus withdrawal allowance.
- Passbook account with branch cash deposits/withdrawals and optional family online-banking linkage. The current fee schedule and product page confirm no account keeping or ordinary transaction fees.
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 | 0.01% | 5.30% | - |
Source: noren.com.au
Eligibility
- Personal AUD account. Australian residence and an Australian residential mailing address are required by the source. Identification and account-opening requirements apply.
- Clancy Koala is for children under 12, with a parent, guardian or carer operating the account. The source MAX_AGE 12 is exclusive. The PDS says it converts to another account when the child turns 12, children under 12 cannot be signatories.
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.