Incentive Saver
An account that rewards you with bonus interest for regular saving to help you save faster.
On this page
Details
| Field | Value |
|---|---|
| Base | 0.01% |
| Ongoing | 5.40% |
| Ongoing cap | No cap |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | 1 |
| Dep $/mth | - |
| Growth/mth | $50 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | - |
| Min age | 21 |
| Max age | - |
| 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 | 5.40% | Whole balance | All balances |
Source: noren.com.au
Bonus requirements
For Incentive Saver (21 or over), meet these requirements to earn the ongoing total rate shown above.
- Keep the balance at or above $0 throughout the month.
- Make at least one customer deposit, interest and bank-initiated deposits do not qualify.
- Grow the balance by at least $50.00 during the bank-defined month. Withdrawals can prevent meeting growth.
- Deposits must settle by 9:59pm Sydney time on the last business day, the bank includes Saturdays as business days, excluding national public holidays.
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
Some checks lacked verified pricing. These observations do not establish uninterrupted availability.
| Observed | Base | Ongoing | Intro |
|---|---|---|---|
| 29 Oct 2026 | 0.01% | 5.40% | - |
Source: noren.com.au
Eligibility
- An account may be opened in a child's name when the child is under 14, with a parent, guardian, or grandparent as authorised signatory.
- Those with an Australian residential address and who are currently in Australia.
- The $50 growth requirement applies if any account holder is aged 21 or over.
- The higher growth requirement starts in the calendar month after an account holder turns 21.
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 and verified on 31 Oct 2026.