REWARD SAVER
The Reward Saver account rewards you for saving. Deposit just $50 per month and make no withdrawals to earn the reward rate.
- Base rate
- 0%
- Intro rate
- 1%
- conditions apply
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Introductory | 1% | — | monthly |
| Variable | 0% | — | 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 Interest - To earn bonus interest account holder must make a minimum $50 deposit and no withdrawals per month.
- 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
- Digital banking
- Internet Banking and Mobile Banking App
- PayID
- Create a PayID through Horizon Bank s 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.
- Bill payment (BPAY) — BPAY
- BPAY is an electronic bill payment service, providing a convenient access point for the payment and receipt of consumer bills.
- 3 month introductory bonus rate is available for new Reward Saver accounts
Eligibility
- Minimum age — 18 years
More Information
Published by Horizon Bank under the Consumer Data Right · Last updated 14 July 2026 · Product ID S7_S7001 · View on CDR.gov.au