Up Saver Summary
Description
Up Savers are free to use and pay up to 5.60% p.a. interest per month. Create up to 50 Savers that include features to support money management, like Pay Splitting and scheduled transfers.
Benefits
- No monthly savings-account fee.
Hoops
- Applicants must be at least 16.
- For bonus interest, make at least 5 qualifying purchases each month. Check the full requirements below.
- Withdrawals can forfeit bonus interest.
- Ongoing rate cap: $250,000. See the rate breakdown for higher balances.
On this page
Details
Key details
| Product name | Up Saver |
|---|---|
| Maximum variable rate | 5.60% p.a. (Ongoing, Up Saver (2Up Grow)) |
| Ongoing interest rate | 5.60% p.a. |
| Base interest rate | 0.00% p.a. |
| Minimum age | 16 years |
Source: noren.com.au
All comparison details
| Base | 0.00% |
|---|---|
| Ongoing | 5.60% |
| Ongoing cap | $250K |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | 0 |
| Dep $/mth | - |
| Growth/mth | $0 |
| Buys/mth | 5 |
| Txns/mth | - |
| W/d/mth | 0 |
| Min age | 16 |
| Max age | - |
| Fee/mth | $0 |
Source: noren.com.au
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 0.00% p.a., before bonus interest.
- Ongoing: 5.60% p.a. when bonus conditions are met. Up to $250k.
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Base rate component | 0.00% | Whole balance | All balances |
| Ongoing total, conditions met | 5.60% | This band only | First $250k |
| Ongoing total, conditions met | 2.00% | This band only | Over $250k |
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
- Make at least 5 successful qualifying debit-card purchases in the current calendar month (Victoria time). ATM transactions and transfers do not qualify.
- Make no withdrawals or spending from this Saver during the month. One withdrawal switches that Saver to Flow for the whole month.
- Provider fee review 29 October 2026: this savings account has no monthly account-keeping fee. This does not waive transaction, statement, special-service or separately linked-account charges, their published conditions still apply.
- Qualification timing: Requirements are assessed in the current month. Check the settlement deadlines and exclusions in the requirements.
Fees
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with Up.
- Age 16 or over.
- Personal use only, hold an Up Everyday account and access the accounts through the Up app.
- Interest must be enabled. A Saver being treated as a home-loan offset does not earn interest.
- Personal qualification counts purchases across your own personal and 2Up accounts.
- Grow allowance is shared across eligible Savers in each personal/joint pool and allocated to the highest balances first. This comparison assumes the displayed balance has that allowance 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 and verified on 31 Oct 2026.