Money Sense
A variable-rate savings account. The reviewed ongoing rate has no monthly activity requirements.
On this page
Details
| Field | Value |
|---|---|
| Base | 3.15% |
| Ongoing | 3.15% |
| Ongoing cap | No cap |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | 0 |
| Dep $/mth | - |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | - |
| Min age | 12 |
| Max age | 17 |
| Fee/mth | $0 |
Source: noren.com.au
Interest rates & fees
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Standard variable | 2.75% | Whole balance | Up to $1,999.99 |
| Standard variable | 3.15% | Whole balance | $2k and over |
Source: noren.com.au
Rate requirements
For Money Sense.
- Interest calculated daily and paid monthly. The rate schedule effective 29 October 2026 and account summary govern pricing, incomplete CDR rates are retained separately.
- Free monthly Simple Access package for customers joining from 7 July 2026. Existing customers may be on a different fee package, service and non-standard transaction fees can apply. No holding maximum is established.
- Whole-balance tiering: 2.75% below $2,000 and 3.15% from $2,000. No ongoing deposit, growth, purchase or withdrawal-count interest condition, no linked account requirement and no introductory offer. Converts to Everyday on turning 18.
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 |
|---|---|---|---|
| 31 Oct 2026 | 3.15% | 3.15% | - |
Source: noren.com.au
Eligibility
- Personal use only, subject to identity and provider account-opening checks. Business and community uses are excluded.
- Online account applications are temporarily unavailable during a provider upgrade. Contact Summerland or visit a Summerland branch to arrange opening. Regional Australia Bank and Summerland systems/branch services are not yet interchangeable.
- Ages 12 to 17 inclusive, debit-card and digital access are available.
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 29 Oct 2026.