Dynamo/Flex Account
This is a special purpose children’s savings account created to enable children to earn extra interest if they do not withdraw funds. Funds are available at call. You can use Internet on the account
- Base rate
- 0.4%
- Bonus rate
- 2.25%
- conditions apply
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable May be applicable if your account becomes overdrawn | 11.96% | — | — |
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable Balance $50,000 or more Interest payable is capped to a maximum deposit amount of $49,999.99 | 0% | S24 T2 | monthly |
| Bonus | 2.25% | — | monthly |
| Variable Balance $0.00 to $49,999.99 | 0.4% | S24 T1 | monthly |
Fees
| Fee | Type | Amount |
|---|---|---|
| Overdrawn Savings Account Fee Payable when any Savings Account is overdrawn by $75 or more within a calendar month Interest will also be charged at the then current Overdraft interest rate | Event | $15.00 |
| Counter Cash withdrawal fee up to $24,999 First 3 free if part of Reduced Fees program | Transaction | $2.00 |
| Dormant Accounts fee After 3 years an account is classed as dormant if no Member transactions occur. Interest, fees and government charges are not classed as transactions. | Event | $10.00 |
| Additional Statement Fee $1.50 per page. Payable if and when you request an additional statement. | Event | $5.00 |
| Counter Cash withdrawal $25,000 and over Per cash withdrawal $25,000 or over | Transaction | $50.00 |
| Third Party Costs At Cost. Any costs charged to us from a third party will be passed on to you. Information on these costs is available on request. | Event | $0.00 |
Features
- Direct Credits. Make regular credits like your pay into this account
- Real-time payments (NPP)
- NPP allows participating banks and financial institutions to process, clear and settle Osko® Fast Payments (which are payments made and received in near real-time) and NPP Quick Payments.
- Digital banking
- Internet banking. You can check your account details or make transfers anytime or anywhere using our online with Internet Banking – service is free.
- Contributes to Reduced Fees Program. Simply maintain a combined monthly balance of $5000 or more worth of savings, investments or loans and you will receive more fee free ATM and EFTPOS transactions as well as qualify for fee rebates.
- PayID
- Mobile Number. Select the Contact Method that you would like to use for your PayID i.e. your mobile number or email address.
- Bonus Interest Rate available. Minimum of $20 to be deposited each month in order to achieve bonus interest. If a withdrawal is made in a month then no bonus interest will be paid.
Eligibility
- Individuals onlyIndividuals
- Residency status — Australian Citizen
- Residency status — Australian Residents
- Maximum age — 18 years
- Minimum age — 0 years
More Information
Published by Border Bank under the Consumer Data Right · Last updated 28 May 2026 · Product ID 5c91aaf2-d9fa-4d4e-8f86-f7ee573f1900 · View on CDR.gov.au