Dynamo/Flex Account (Dynamo, ages 0–12)
Learning to save has never been so easy with Police Bank’s Dynamo children’s saving account. Receive a bonus rate of interest if no withdrawals are made and and a minimum of $20 is deposited per month.
On this page
Details
| Field | Value |
|---|---|
| Base | 0.40% |
| Ongoing | 2.65% |
| Ongoing cap | $50K |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | 1 |
| Dep $/mth | $20 |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | 0 |
| Min age | 0 |
| Max age | 12 |
| Fee/mth | $0 |
Source: noren.com.au
Interest rates & fees
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Base rate component | 0.40% | This band only | First $49,999.99 |
| Base rate component | 0.00% | This band only | Over $49,999.99 |
| Ongoing total, conditions met | 2.65% | This band only | First $49,999.99 |
| Ongoing total, conditions met | 0.00% | This band only | Over $49,999.99 |
Source: noren.com.au
This band only: the rate applies to the money within the listed balance range. Other portions earn their own rates.
Bonus requirements
For Dynamo/Flex Account (Dynamo, ages 0–12), meet these requirements to earn the ongoing total rate shown above.
- Deposit at least $20 in total and make no withdrawals during the calendar month. Otherwise base only.
- Base and bonus interest are capped to $49,999.99, no interest on excess portions.
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 | 0.40% | 2.65% | - |
Source: noren.com.au
Eligibility
- Australian Citizen
- Individuals
- Australian Residents
- Dynamo: age 12 or under, with parental consent. Automatically changes to Flex at age 13.
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 27 Oct 2026.