Summerland Money Sense Summary
Description
A variable-rate savings account. The reviewed ongoing rate has no monthly activity requirements.
Benefits
- No monthly savings-account fee.
- No monthly activity requirements for the ongoing rate.
Hoops
- Available to ages 12 to 17.
- Ongoing rate cap: $1,999.99. See the rate breakdown for higher balances.
On this page
Details
Key details
| Product name | Summerland Money Sense |
|---|---|
| Maximum variable rate | 2.75% p.a. |
| Ongoing interest rate | 2.75% p.a. |
| Base interest rate | 2.75% p.a. |
| Minimum age | 12 years |
Source: noren.com.au
All comparison details
| Base | 2.75% |
|---|---|
| Ongoing | 2.75% |
| Ongoing cap | $2K |
| 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
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 2.75% p.a..
Full rate breakdown
| 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
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Requirements
- 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
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with Summerland.
- 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.
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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 29 Oct 2026.