Horizon BankYOUTH REWARD SAVER
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
At a glance
- Up to
- 5.25%
- Base rate
- 2.25%
- Bonus rate
- 3.00%
Rates
Every rate Horizon Bank publishes for this account, 2 in all.
How the rate is made up
5.25%in a month every condition is met
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Bonus | - | - | - | 3.00% | - | paid every 1 mo |
| Variable | - | - | - | 2.25% | - | paid every 1 mo |
Rate changes
2 changes logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 6 Nov 2026 | Variable | 2.50% | 2.25% | down 0.25 |
| 5 Nov 2026 | Variable | 2.25% | 2.50% | up 0.25 |
Each change is logged the night it appears in the rates Horizon Bank publishes. See how every lender answered the RBA on the rate tracker.
Fees
6 fees published, grouped by when they're charged.
When you make a transaction3
- BULK_COIN_COUNTAGE
Up to 2% for bulk coin counting above $300. Fee excludes money boxes & community
2.00% of transaction - FOREIGN_CHEQUE_DEPOSIT$11
- TOTAL_CASH_WITHDRAWAL_ABOVE_4000_PER_DAY
A fee of 0.25% of total cash withdrawals is charged for total cash withdrawals over $4000 in a day.
0.25% of transaction
When particular things happen3
- DIRECT_DEBIT_DISHONOUR$9
- OVERDRAWN_SAVINGS_ACCOUNT
per occurence
$20 - STATEMENT_COPY$2.50
Features
Eligibility and limits
- Minimum age 13
- Maximum age 17
- Available to individuals
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Published by Horizon Bank under the Consumer Data Right, last changed by them on 4 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.