Savings account · 13-17 years
Horizon Bank Youth Reward Saver
5.25%p.a. total
2.25% base + 3.00% bonus when the conditions are met
49th of 151 savings accounts · market average 4.37%
The RBA raised the cash rate to 4.60% on 30 September. YOUTH REWARD SAVER hasn't moved yet. After the May rise it moved 27 days later.
What the bonus asks
2 things each month- Each month
- A deposit of at least $10
- No withdrawals
- A month without them
Pays the 2.25% base rate on the whole balance.
- Who can open it
13 to 17 year olds
- Balance
No balance cap.
Rate history
Last change 2 June- YOUTH REWARD SAVER
- RBA cash rate
- Market average
June 20261 change
- 2Tue
- 5.00 → 5.25Base rate 2.00% → 2.25% · 27 days after the RBA rise to 4.35%+0.25
- #33MayMay 2026: ranked 33 of 79
- #11JunJune 2026: ranked 11 of 79
- #12JulJuly 2026: ranked 12 of 80
- #12AugAug 2026: ranked 12 of 80
- #19SepSep 2026: ranked 19 of 120
- #48OctOct 2026: ranked 48 of 150
- #49NowNov 2026: ranked 49 of 151
- Top 5%
- Top 10%
- Top 25%
- Top half
- Lower half
In the top 25% for 4 of the last 7 months. Never below the top 50%.
- A year meeting the conditions
- $2,625
- A year without meeting the conditions
- $1,125
- Against the average (4.37%)
- +$441
On a $50,000 balance. Type yours above; it's kept with your savings preferences.
Notes from savers
to leave a note.
Other Horizon Bank accounts: SUPER SAVERS 5.25% · Horizon Direct 3.50%
Pays 5.25% p.a. total (2.25% base plus 3.00% bonus) as of 1 November 2026. Ranks 49th of 151 savings accounts tracked by BankMate, 0.88 points above the average of 4.37%. The rate last rose on 2 June 2026, 27 days after the RBA raised the cash rate to 4.35%. From Horizon Bank's Consumer Data Right feed, refreshed nightly. Compare savings accounts ·