Transport Mutual Kids Saver Account Summary
Description
KIDS SAVER ACCOUNT
Benefits
- No monthly savings-account fee.
- No monthly activity requirements for the ongoing rate.
Hoops
- Available up to age 16.
- Ongoing rate cap: $10,000. See the rate breakdown for higher balances.
On this page
Details
Key details
| Product name | Transport Mutual Kids Saver Account |
|---|---|
| Maximum variable rate | 3.50% p.a. |
| Ongoing interest rate | 3.50% p.a. |
| Base interest rate | 3.50% p.a. |
| Minimum age | - |
Source: noren.com.au
All comparison details
| Base | 3.50% |
|---|---|
| Ongoing | 3.50% |
| Ongoing cap | $10K |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | 0 |
| Dep $/mth | - |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | - |
| Min age | - |
| Max age | 16 |
| Fee/mth | $0 |
Source: noren.com.au
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 3.50% p.a..
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Standard variable | 3.50% | This band only | First $10k |
| Standard variable | 0.02% | This band only | Over $10k to $20k |
| Standard variable | 0.05% | This band only | Over $20k to $50k |
| Standard variable | 0.08% | This band only | Over $50k |
Source: noren.com.au
Share/Export
This band only: the rate applies to the money within the listed balance range. Other portions earn their own rates.
Requirements
- No monthly or annual account-keeping fee, other service and event charges may apply. No monthly deposit, growth, purchase or withdrawal-count interest qualification. No introductory pricing is established.
- Interest calculated daily and paid quarterly, correcting the source monthly payment frequency. The optional $50 opening deposit relates to a book promotion, not a universal minimum deposit. The first $10,000 earns the Kids Saver rate, excess portions earn the lower rates specified by the CDR tiers and the Multi-Access fallback in the conditions. The comparison is weighted across the selected balance, not the Kids Saver rate on the whole amount. Provider documents also call $10,000 a maximum account balance, conflicting with the explicit excess-interest provisions. This calculation describes interest if the balance is held, confirm acceptance of deposits above $10,000 with the provider. The TMD older under-16 wording is superseded by the current product page and conditions explicitly including 16-year-olds.
Fees
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with Transport Mutual.
- Children under 17, including age 16. Parent/trust arrangements apply to younger children, children aged 12–16 may operate in their own name under provider terms. The generic 18+ online-application banner is not child eligibility.
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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.