🏦
Horizon Bank · Savings account
LiveYOUTH REWARD SAVER
Pays 5.25% p.a. total (2.25% base plus 3.00% bonus) as of 17 September 2026. Ranks 17th of 93 savings accounts tracked by BankMate, 0.39 points above the average of 4.86%. The rate last rose on 2 June 2026, 27 days after the RBA raised the cash rate to 4.35%.
5.25%p.a.
2.25% base + 3.00% bonus · bonus up to $250,000 · variable
Rate over time
Total rate, conditions met- YOUTH REWARD SAVER
- RBA cash rate
- Market average
Position among 93 accounts
By month, end of month- May 2026: ranked 37 of 91
- June 2026: ranked 13 of 91
- July 2026: ranked 15 of 92
- Aug 2026: ranked 15 of 92
- Sept 2026: ranked 17 of 93
May 2026
- Top 5%
- Top 10%
- Top 25%
- Lower
In the top 25% for 4 of the last 5 months. Never below the top 50%.
Changes
1 on record since 2 May 2026- 5.00 → 5.25Base rate · 27 days after the RBA rise to 4.35%+0.25
Conditions for the bonus rate
Checked each month- Monthly deposits
- $10/month
- Withdrawals
- Not allowed
- Balance range
- $0 - $250,000
- Age
- 13-17 years
On your balance
Saved with your preferences- Interest this year
- —
- Each month
- —
- Against the average account (4.86%)
- —
Rate by balance
Up to $250k
5.25%Notes from savers
to leave a note.