Border Bank Dynamo/Flex Account

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Dynamo/Flex Account is a savings account from Border Bank. At $50,000 it pays 2.50% p.a. in a month in which the conditions below are met and 0.00% when they are not.

Rate tiers

Every balance band in the bank's feed: base is the rate when the bonus conditions are not all met, bonus the add-on for meeting them, conditional the two together.

Each rate is paid on the whole balance: the balance falls into one band and earns that band's rate.

The bonus is paid on top of the base rate in a month in which the conditions are met; conditional is the two together, and the base rate is what is paid otherwise.

The feed states no cap on the balance that earns the bonus.

Conditions

For the bonus rate

• no withdrawals in the month
• deposit $20 or more each month

Other conditions

• not updated by the bank since 2026-10-31, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed
• the feed lists several base rates for one balance; the lowest is shown, up to 0.40% (Balance $0.00 to $49,999.99)
• Dynamo Kids is for children aged 12 and under; parental consent is needed
• Flex Youth is for ages 13 to 17; Dynamo Kids switches to it at 13
• interest, including the bonus, is paid only on the first $49,999.99

Features

app

yes

Osko

yes

PayID

yes

Other features, in the bank's words:

• Direct Credits. Make regular credits like your pay into this account
• 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.
• 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.

Fees, limits and who can open it

monthly fee

no monthly fee stated

interest paid

monthly

interest calculated

daily

age

up to age 18

open to

personal customers

age limited

open only to people of certain ages (kids, youth or seniors accounts)

Who can open it, in the bank's own words:

• residency: Australian Citizen
• residency: Australian Residents
• age 18 and under

About this 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

Data

• Border Bank's own page for this account.
• The bank's documents its product record links to: terms and conditions, fees, eligibility.
• Our verbatim snapshot of the bank's product record (source), as fetched on 31 October 2026.
• We read the bank's own page and terms against this page on 1 November 2026: dynamo-kids-savings, flex-youth-savings, BBS24_Dynamo-Flex-Account-TMD.pdf, savings-accounts-interest-rates, important-documents, BB_Schedule-of-Fees-and-Charges.pdf, join, BIF01-Membership-Application-Form.pdf; conditions they state and its feed does not are listed above.
• /au/finance/savings-accounts/v1/brands/border-bank.json: this bank's accounts and every balance band as JSON; Border Bank's page lists them.
• The bank last updated this record on 31 October 2026. Rates are per annum as the bank states them; "stale" means the bank has not updated the record for over 60 days or since the latest cash rate change.

Other accounts at Border Bank

• Bonus Saver Accountstale savings account, 4.80% conditional at $50,000
• Retirement Plus Accountstale savings account, 2.50% base at $50,000
• Savings Plus Account savings account, 0.90% base at $50,000
• U30 SUPER CHARGE Account savings account, 1.15% base at $50,000
• Easy Access Transaction Accountstale transaction account, 0.01% base at $50,000
• Safeguard Transaction Accountstale transaction account, 0.01% base at $50,000

All of Border Bank's accounts on its page, with its best rates per segment and rate kind, and every account at every bank.