BankMate
CompareQuestionsLeaders
Savings · Side by side

Horizon Direct vs Horizon Bank Youth Reward Saver

vs
These are open to different people: Horizon Direct to anyone, Horizon Bank Youth Reward Saver only to 13 to 17 year olds.
Interest a year on $50,000, with the conditions met
$1,750
3.50% on this balance
$2,625
5.25% on this balance

Horizon Bank Youth Reward Saver pays $875 more a year on $50,000 than Horizon Direct, but it's open only to 13 to 17 year olds.

Drag to try another balance

Where they differThe rate (3.50% against 5.25%), the conditions on the bonus and who can open it.

The same on bothNo cap on the top rate and no minimum balance.

Horizon BankHorizon Direct
Horizon BankYOUTH REWARD SAVER
Interest a year without meeting the conditions
on $50,000
$1,750
No conditions to miss
+$625 · More without meeting the conditions
$1,125
at the base rate
Total rate
base plus bonus
3.50%
5.25%
+1.75 · Higher total rate
Base rate
paid whatever you do
3.50%
the whole rate
+1.25 · Higher base rate
2.25%
Bonus rate
None
one rate, nothing to do
3.00%
with the conditions met
+3.00 · Higher bonus rate
What the bonus asks each month
Nothing
  1. A deposit of at least $10
  2. No withdrawals
Who can open it
Anyone
13 to 17 year olds
Rank by total rate
91st of 117
among accounts open to adults
32nd of 114
among accounts open to under-18s
Last rate change
1 Nov 2026
up 0.25
2 June 2026
up 0.25

Rates over time

Each account's total rate, a cell a week. A move shows as ▲ or ▼ in the week it happened.

Horizon Direct
Go to siteMore about this account
Horizon Bank Youth Reward Saver
Go to siteMore about this account

As of 2 November 2026, Horizon Direct pays 3.50% with nothing to do each month, and Horizon Bank Youth Reward Saver pays 5.25% with its monthly conditions met. On $50,000, that's $1,750 against $2,625 a year, $875 more from Horizon Bank Youth Reward Saver. Figures are the banks' published rates, worked out on the balance above. Each row says which figure is higher; it doesn't say which account suits you.

Compare all 151 accounts

Other comparisons

Macquarie Savings Account vs ubank Save accountUp Saver vs ubank Save accountCommBank GoalSaver vs CommBank NetBank SaverBankwest Easy Saver vs Bankwest Hero SaverSt George Incentive Saver vs St George Maxi SaverNAB iSaver vs NAB Reward SaverBOQ Future Saver Account vs BOQ Simple Saver AccountAMP Bank GO Save vs Macquarie Savings AccountANZ Plus Growth Saver vs Westpac LifeCommBank GoalSaver vs Macquarie Savings AccountBankwest Easy Saver vs Macquarie Savings Account
A savings account against a term depositWhat each pays over the same term on your balance