The under 25's savings account for teens, students and young adults with a nice bonus for regular saving.
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 |
|---|---|---|---|---|
| 5.35% 0.10% base + 5.25% bonus | Bonus · $0–$50,000 | Bonus rate, added to the base rate in months you meet the lender's conditions | CDR | 1 Nov 2026 |
| 5.00% 0.10% base + 4.90% bonus | Bonus · $50,000–$250,000 | Bonus rate, added to the base rate in months you meet the lender's conditions | CDR | 1 Nov 2026 |
| 0.10% | Variable · $0–$250,000 | CDR | 1 Nov 2026 |
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Source
CDR officialConsumer Data Right product dataShow where this comes from
- Fetched
- 1 Nov 2026
- URL
https://public.cdr.bankaust.com.au/cds-au/v1/banking/products/a87013b2-5589-4f32-a410-2c3c1d661137- Content hash
sha256 5b8ec9b3812a465e5021d91a40043bf96135349df05a033045cfa59a5eb8f632- Rule version
mapper@0.1.2
Consumer Data Right product dataev_cdr_5b8ec9b3812a465e_3e37c1caShow details
- Checked
- 1 Nov 2026
- URL
https://public.cdr.bankaust.com.au/cds-au/v1/banking/products/a87013b2-5589-4f32-a410-2c3c1d661137- Content hash
sha256 5b8ec9b3812a465e5021d91a40043bf96135349df05a033045cfa59a5eb8f632- 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.
Fees
| Fee | Type | Amount |
|---|---|---|
| Dishonour Fee | Dishonour | $0.00 |
| International transaction fee (ITF) | Transaction | 3.00% |
| Staff assisted withdrawal fee | Event | $0.00 |
| Monthly Fee | Periodic | $0.00 |
| Staff assisted international payment in foreign currency | Transaction | $30.00 |
| Exceeding available funds fee | Event | $0.00 |
| Debit interest charge rate | Event | 12.39% |
| Certificates supplied by the bank | Event | $5.00 |
| Duplicate statement fee | Event | $5.00 |
| Dormancy Fee | Periodic | $10.00 |
| Security token fee | Event | $50.00 |
| SMS alert fee | Event | $0.25 |
| Same day funds transfers within Australia fee (RTGS) | Transaction | $20.00 |
| Staff assisted international payment in AUD | Payment | $30.00 |
| Online international payment in foreign currency | Payment | $10.00 |
| Inwards Payment fee | Deposit | $0.00 |
Features and eligibility
| Item | Value | Details |
|---|---|---|
| Bill payment | BPAY | You can pay bills with the BPAY logo via Bank Australia App or Internet Banking. |
| Digital banking | You can self-serve your day-to-day banking needs via Bank Australia's App or Internet Banking. | |
| Notifications | Account Notifications | Notifications can be enabled in the App or through Internet Banking, allowing you to be alerted either by email, sms or through the App about your account activity. |
| Npp enabled | Move money and pay people instantly with Osko. | |
| Npp payid | With PayID you can forget your BSB and account number - simply use your mobile, email or ABN to receive payments. This account can be linked to a PayID. | |
| Other | Round Up: When you make a transaction with your Visa debit card, you can decide whether you want the amount to be rounded to the nearest whole dollar amount, with the round up being credited from your transaction account into your nominated Savings account or Credit Card. This account can receive Round Up credits. | |
| Other | PayTo Payments: You can make recurring and one-off payments with any participating PayTo merchant, business or service provider and keep track of all the payments in the Bank Australia app or Internet Banking. | |
| Unlimited txns | Earn the base interest rate even if you withdraw your savings. Earn bonus interest for each month that you make at least one deposit of $10 each month with no withdrawals during that month. | |
| Eligibility: max age | 24 | Under 25 years of age |
| Eligibility: min age | 0 | Children aged 12 years and younger requires that a parent or guardian is a signatory to the account until the child turns 13 years old. At the age of 13 years old, the parent or guardian may at the child's election, cease to be a signatory. |
| Eligibility: natural person | Natural Person or In trust for a Natural Person | |
| Eligibility: other | Personal, Joint and Trust | |
| Eligibility: other | Only one mySaver is allowed per customer, solely or jointly owned | |
| Eligibility: residency status | AU | Must be an Australian citizen, permanent resident or have a valid Visa. |
Rate history
| Rate | From | To | Rate p.a. |
|---|---|---|---|
| Bonus · $0–$50,000 | 1 Nov 2026 | Current | 5.25% |
| Variable · $0–$250,000 | 1 Nov 2026 | Current | 0.10% |
| Bonus · $50,000–$250,000 | 1 Nov 2026 | Current | 4.90% |
Tags
| Tag | Meaning | Effect |
|---|---|---|
pricing:bonus-additive | Bonus adds to the base rate | Base and bonus shown separately |
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