Hume Clancy Koala Summary
Description
One for little savers out there - Youth savings account for U12 years old
Benefits
- No monthly savings-account fee.
- No upper balance cap in the reviewed ongoing pricing.
Hoops
- Available to ages 0 to 11.
- For bonus interest, deposit at least $10 each month. Check the full requirements below.
- Withdrawals can forfeit bonus interest.
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Details
Key details
| Product name | Hume Clancy Koala |
|---|---|
| Maximum variable rate | 5.30% p.a. |
| Ongoing interest rate | 5.30% p.a. |
| Base interest rate | 0.01% p.a. |
| Minimum age | 0 years |
Source: noren.com.au
All comparison details
| 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
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 0.01% p.a., before bonus interest.
- Ongoing: 5.30% p.a. when bonus conditions are met. No upper cap.
Full rate breakdown
| 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
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Requirements
- 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
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with Hume.
- 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.
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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.