Border BankDynamo/Flex 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
At a glance
- Up to
- 2.50%
- Base rate
- 0.00%
- Bonus rate
- 2.50%
Rates
Every rate Border Bank publishes for this account, 4 in all.
How the rate is made up
2.50%in a month every condition is met
To earn the bonus
- Max withdrawals
- Min deposit amount
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Bonus | - | - | - | 2.50% | - | paid every 1 mo; Max withdrawals; Min deposit amount; Whole Balance Monthly. Bonus Interest rate applies if no withdrawals and a minimum deposit of $20 are made within a month |
| VariableMay be applicable if your account becomes overdrawn | - | - | - | 11.96% | - | - |
| VariableBalance $0.00 to $49,999.99 | - | - | up to $50,000 | 0.40% | - | paid every 1 mo |
| VariableBalance $50,000 or more Interest payable is capped to a maximum deposit amount of $49,999.99 | - | - | $50,000+ | 0.00% | - | paid every 1 mo |
Rate changes
One change logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 1 Nov 2026 | Bonus | 2.25% | 2.50% | up 0.25 |
Each change is logged the night it appears in the rates Border Bank publishes. See how every lender answered the RBA on the rate tracker.
Fees
8 fees published, grouped by when they're charged.
When you make a transaction2
- Counter Cash withdrawal $25,000 and over
Per cash withdrawal $25,000 or over
$50 - Counter Cash withdrawal fee up to $24,999
First 3 free if part of Reduced Fees program
$2
When particular things happen6
- Additional Statement Fee
$1.50 per page. Payable if and when you request an additional statement.
$5 - Default Notice Fee
Payable if and when we send you a default notice for an overdrawn account where an arrears remains unremedied after we have sent you an arrears letter
$21.50 - Document Retrieval Fee
Minimum $22.77 per hour retrieval fee and minimum $30 per hour administrative fee. Payable on request for documents to be retrieved
No fee - Dormant Accounts fee
After 3 years an account is classed as dormant if no Member transactions occur. Interest, fees and government charges are not classed as transactions.
$10 - Overdrawn Savings Account Fee
Payable when any Savings Account is overdrawn by $75 or more within a calendar month Interest will also be charged at the then current Overdraft interest rate
$15 - Third Party Costs
At Cost. Any costs charged to us from a third party will be passed on to you. Information on these costs is available on request.
No fee
Features
- 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…
- 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.
Eligibility and limits
- Maximum age 18
- Residency: Australian Residents
- Available to individuals
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Published by Border Bank under the Consumer Data Right, last changed by them on 1 Nov 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.