Our Youth Savings Account

2.85 %P.A. ^^
Bonus Interest on balances up to $10,000 when Bonus Criteria is met*
Bonus Interest variable rate when you meet the Bonus Criteria*
Deposits up to $250,000 protected by the Federal Government deposit guarantee #

Your Bonus Interest   

Here's how you can earn your Bonus Interest with our youth savings account:

Bonus Criteria
  • Deposit a minimum of $200 into your linked Day2Day Plus Account each month from an external source- like your pay; and
  • Make 5 or more eligible transactions from your linked Day2Day Plus Account each month such as settled Visa Debit Card or eftpos card purchases, ATM withdrawals or direct debits (Temporarily paused till 31 August 2020)
Important Information
  • Earn Bonus Interest 2.85% p.a. up to $10,000 in the following month on your Fast Track Starter Account balances 
  • For balances between $10,000 and $250,000 earn Bonus Interest 1.85%p.a. and for balances over $250,000 the Base Rate of 0.20% p.a. applies
  • Your account will earn the Base Rate in the month that you open it and any month you don't meet the Bonus Criteria

Temporary changes to the Bonus Criteria

To support our customers through these uncertain times, the requirement to make 5 or more eligible transactions from your linked Day2Day Plus Account has been paused, until 31 August 2020. Learn more.

We're award winning 

Awarded Mozo’s Best New Savings Account of 2019

Winner, winner 

Our Fast Track Starter Account is literally a winner. We're proud to announce our Fast Track Starter Account was recently awarded the 2019 Mozo Experts Choice Award for Best New Savings Account making it the ideal account for 14-25 year olds looking to save. 

Fees & Interest rates

When it comes to savings, we keep our fees to a minimum & rates to a max! Any fees we do have we’ll show you up front so there are no surprises.


Balance        Base + Bonus Interest variable rate % p.a.* Base variable rate % p.a.
$1 to $10,000  2.85
$10,000.01 to $250,000 1.85

Interest rates are variable rates and are subject to change at any time without notice. 

Features Applicable Fees
Account Maintenance Fee Nil

A full list of fees can be found in our Fees and Charges Guide.

Ready to apply?

Apply for your Fast Track Starter Account and linked Day2Day Plus Account online, in branch or give us a call.

To apply for a Fast Track Account, you must be: 

  • A citizen or permanent resident of Australia
  • Aged between 14 and 24 years (Fast Track Starter) or 25 years or over (Fast Track Saver)
  • Applying for a personal account and not in the name of a business or trust. There should be no more than two account holders for this account

Submit your application

Apply online now

What else can we help you with?

Everyday banking with no monthly fees

Day2Day Plus Account®

The Day2Day Plus Account is the everyday bank account that frees you to live the way you want, each and every day.

  • Easily manage your daily transactions and bills through internet banking
  • Unlimited deposits, withdrawals, BOQ balance enquiries, funds transfer and BPAY transactions
  • Contactless payments and secure online purchases through Visa Debit

Earn Q Rewards® points and enjoy perks

Platinum Visa Credit Card

Enjoy Q Rewards® points for every dollar you spend on Eligible Transactions4 , plus get access to complimentary international travel insurance and extended warranties (terms, conditions, limits and exclusions apply)6 .

  • 80,000 bonus Q Rewards® points if you spend $3,000 in the first 2 months from card approval on Eligible Transactions1
  • 0% p.a. on balance transfers for 14 months, reverting to the cash advance rate thereafter. No fees on balance transfers. No interest free days apply to retail purchases while you have a balance transfer3
  • Earn 2 Q Rewards® points for every dollar spent on Eligible Transactions 4


Fast Track Saver Account

Feel sure of your savings with a high interest savings account that rewards you for using your linked Day2Day Plus Account.

  • Earn ongoing Bonus Interest variable rate when you meet Bonus Criteria
  • Simply deposit $1,000 or more and do 5 or more eligible transactions on your linked Day2Day Plus Account
  • No minimum balance required