Horizon Bank Youth Reward Saver

savings accountage limitedterms checked

Youth Reward Saver is a savings account from Horizon Bank. It pays 5.50% p.a. in a month in which the bank's conditions, which its feed does not state, are met and 2.50% 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.

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

• bonus conditions not stated in the feed

Other conditions

• ages 13 to 17
• to earn the 3.00% reward rate deposit $10 or more and make no withdrawals in each calendar month
• for members aged 13 to 17 years
• youth accounts are sole-holder only, no joint accounts
• you must be an australian citizen or resident
• opening needs a $2 membership share in horizon credit union, which earns no interest

Features

app

yes

Osko

yes

PayID

yes

BPAY

yes

Fees, limits and who can open it

monthly fee

no monthly fee stated

other fees named

BULK_COIN_COUNTAGE, TOTAL_CASH_WITHDRAWAL_ABOVE_4000_PER_DAY (no amount in the feed)

interest paid

monthly

interest calculated

daily

age

ages 13 to 17

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:

• age 17 and under

About this account

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

Data

• Horizon 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 12 November 2026.
• We read the bank's own page and terms against this page on 1 November 2026: youth-reward-saver, disclosure-documents, interest-rate-schedule, summary-of-accounts-access-facilities-features, general-terms-conditions, fees-charges-schedule; conditions they state and its feed does not are listed above.
• /au/finance/savings-accounts/v1/brands/horizon-bank.json: this bank's accounts and every balance band as JSON; Horizon Bank's page lists them.
• The bank last updated this record on 4 November 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 Horizon Bank

• Christmas Club savings account, 2.25% base at $50,000
• Direct savings account, 3.50% base at $50,000
• Reward Saver savings account, 0.00% base at $50,000
• SMSF Saver savings account, 3.25% base at $50,000
• Super Savers savings account, 5.50% conditional at $50,000
• Teen Account savings account, 4.25% base at $50,000
• Cash Management cash management account, 2.25% base at $50,000
• Advantage 55 transaction account, 1.60% base at $50,000
• Business Savings transaction account, 0.01% base at $50,000
• Call Savings – S2 S20001 transaction account, 0.01% base at $50,000
• Call Savings – S4 S40001 transaction account, 0.01% base at $50,000
• Commercial Special Purstale transaction account
• Insurance Savings transaction account, 0.01% base at $50,000
• Redisavings transaction account, 0.01% base at $50,000

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