Savings account rates › Laboratories Credit Union
Young and Free Student Account
Laboratories Credit Union
CDR official
Learn to save with a great interest rate and no monthly Visa card fees. Bonus rate on balances up to $1000.
Product data
The lender's Consumer Data Right data, as collected by Homepedia. Nothing in this part comes from a channel.Rates
| Rate | Applies to | Conditions | Source | Since |
|---|---|---|---|---|
| 5.15% | Variable · $0–$10,000 | Students | CDR | 1 Nov 2026 |
| 0.01% | Variable · $10,000 or more | Students | CDR | 1 Nov 2026 |
Report an error
Anyone can report a value that looks wrong. The row is marked as disputed and keeps its value; when the lender's Consumer Data Right data next changes we check it and remove the mark.
Source
CDR officialConsumer Data Right product dataShow where this comes from
- Fetched
- 1 Nov 2026
- URL
https://internetbanking.lcu.com.au/OpenBanking/cds-au/v1/banking/products/S33_YOUNG_AND_FREE_ACCOUNT- Content hash
sha256 39b0a96e42abdd69112078ab2fd77716f39e759819f3dc2474afb0b2c768cadd- Rule version
mapper@0.1.2
Consumer Data Right product dataev_cdr_39b0a96e42abdd69_c29c8635Show details
- Checked
- 1 Nov 2026
- URL
https://internetbanking.lcu.com.au/OpenBanking/cds-au/v1/banking/products/S33_YOUNG_AND_FREE_ACCOUNT- Content hash
sha256 39b0a96e42abdd69112078ab2fd77716f39e759819f3dc2474afb0b2c768cadd- Excerpt
- —
- Rule version
mapper@0.1.2
Page and PDF snapshots are kept by Homepedia; the hash above identifies the exact version we read. Data as at 1 Nov 2026.
Features and eligibility
| Item | Value | Details |
|---|---|---|
| Card access | Visa Debit Card with payWave | |
| Digital wallet | Use your compatible Apple device to make payments | |
| Digital wallet | Use your compatible Android device to make payments | |
| Digital banking | ||
| Npp payid | Register a PayID and attach it to this account | |
| Npp enabled | ||
| Bill payment | Pay bills from this account | |
| Notifications | SMS/Email Alerts - Set up SMS or email alerts for credits, debits, logins to your account and more | |
| Other | BPAYView - Receive your bills directly to your internet banking and pay with one click | |
| Other | Sweep Facility - Automatically move funds between your accounts based on a minimum or maximum balance to be maintained on the specified account | |
| Other | Government Guarantee - Under the FCS certain deposits are protected up to a limit of $250,000 for each account holder at any bank, building society, credit union or other authorised deposit-taking institution (ADI) that is incorporated in Australia and authorised by the Australian Prudential Regulation Authority (APRA). | |
| Other | Receive international payment to your account through Western Union. No fee for sender or receiver. | |
| Other | Send International Payments self serve through your internet banking or staff assisted | |
| Other | International exchange on foreign cheques and cash | |
| Other | International purchase foreign draft | |
| Other | International purchase foreign cash | |
| Other | International Prepaid MasterCard Cash Passport | |
| Other | Overdrawn accounts (with a balance below $0.00) will be charged the current lending rate applicable to the account. See Lending Rates above. | |
| Other | Bonus interest rate is paid on balances up to $1,000 (refer to the deposit rates above for current rates) | |
| Other | Free LCU counter cheque - order a counter cheque online or in person at no cost. | |
| Other | Direct Debit facility available - allow a third party to transfer money from your account, typically to pay bills eg. Phone, energy, gym | |
| Other | Direct Credit facility available - automatically credit your LCU account with funds from another bank account | |
| Other | Card control - Lock and unlock your Visa card with the LCU - Banking App | |
| Other | Periodic Payments - Schedule one off or re-occuring payments from your account | |
| Other | Direct credit allocation - Split your payroll or other regular payments received to your account to different sub accounts. | |
| Eligibility: min age | 8 | |
| Eligibility: max age | 25 | |
| Eligibility: student | Full time student | |
| Eligibility: natural person | ||
| Eligibility: residency status | If not an Australian resident, you must complete a Tax Residency Declaration | |
| Eligibility: other | Must be a shareholder owning a $10 share. Each shareholder holds an equal share regardless of their balance. Shareholders have a say in how we are run. "Own your Bank". $10 share is refunded if you choose to close your account. | |
| Eligibility: other | To be eligible to join you must be at least 8 years of age and referred by a family member or friend who already has an account with LCU. Alternatively you may be eligible to join if you: work or live in the greater Ryde area; have an association with Riverside Corporate or Macquarie Park; or work in a STEM industry. |
Rate history
| Rate | From | To | Rate p.a. |
|---|---|---|---|
| Variable · $10,000 or more | 1 Nov 2026 | Current | 0.01% |
| Variable · $0–$10,000 | 1 Nov 2026 | Current | 5.15% |
Tags
| Tag | Meaning | Effect |
|---|---|---|
eligibility:student | Students | Filter; shown in the row |
Registered channels
Lender staff and brokers registered with Homepedia, and the prices available through them. Separate from the product data above: it never changes the lender's rates or the order of any rate table.People registered for this product
No one is registered for this product yet. Lender staff and brokers can join through verification.