YOUTH REWARD SAVER
High interest savings account for youths aged 13-17 years. Earn an interest reward when a total of $10 or more is deposited and no withdrawals are made in each calendar month
- Base rate
- 2.25%
- Bonus rate
- 3%
- conditions apply
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable | 2.25% | — | monthly |
| Bonus | 3% | — | monthly |
Fees
| Fee | Type | Amount |
|---|---|---|
| BULK_COIN_COUNTAGE Up to 2% for bulk coin counting above $300. Fee excludes money boxes & community | Deposit | 2% of transaction |
| DIRECT_DEBIT_DISHONOUR | Event | $9.00 |
| FOREIGN_CHEQUE_DEPOSIT | Transaction | $11.00 |
| OVERDRAWN_SAVINGS_ACCOUNT per occurence | Event | $20.00 |
| STATEMENT_COPY | Event | $2.50 |
| TOTAL_CASH_WITHDRAWAL_ABOVE_4000_PER_DAY A fee of 0.25% of total cash withdrawals is charged for total cash withdrawals over $4000 in a day. | Withdrawal | 0.25% of transaction |
Features
- Bonus rewards
- Bonus interest if deposit >$10/Mth and no withdrawals
- Real-time payments (NPP)
- This account type is enabled for Osko payments, via the New Payments Platform (NPP). Osko is the faster way to pay or receive money from friends, family and businesses. No more waiting days for money to change hands. Now you can pay and be paid in a matter of seconds
- PayID
- Create a PayID through Horizon Banks Internet Banking or Mobile Banking App to receive Osko payments with a unique identifier, such as your mobile number or email address, enabling you to receive and send money securely without the need to remember complex banking details.
- Digital banking
- Internet Banking and Mobile Banking App
- Bill payment (BPAY) — BPAY
- BPAY is an electronic bill payment service, providing a convenient access point for the payment and receipt of consumer bills.
Eligibility
- Minimum age — 13 years
- Maximum age — 17 years
- Individuals only
More Information
Published by Horizon Bank under the Consumer Data Right · Last updated 30 June 2026 · Product ID S17_S170001 · View on CDR.gov.au