In this guide

  • Our verdict
  • Details
    • Product details
  • Key features
  • How to apply
  • Compare other savings accounts
  • Your reviews
  • Ask a question
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IMB Reward Saver Kick Start

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IMB Reward Saver Kick Start
Maximum variable rate
5.25% p.a.
Base interest rate
0%p.a.
Minimum deposit
$20

Our verdict

IMB's Reward Saver Kick Start is a savings account for kids and young students that offers a pretty high rate.

The IMB Reward Saver Kick Start is available for anyone aged 13 to 17, or students, trainees and apprentices aged 18 to 30.

While it doesn't offer the highest savings rate on the market, it's very competitive and quite easy to get. As long as you deposit $20 a month and make no withdrawals you can get a maximum rate of 5.25%.

Pros

  • High maximum rate
  • Conditions are easy to meet

Cons

  • Only for kids or students and apprentices aged 30 or under

In this guide

  • Our verdict
  • Details
    • Product details
  • Key features
  • How to apply
  • Compare other savings accounts
  • Your reviews
  • Ask a question

Details

Product details

Product Name IMB Reward Saver Kick Start
Maximum Variable Rate 5.25% p.a.
Standard Variable Rate 0.00% p.a.
Monthly Account Fee $0
Minimum Opening Deposit $1
Minimum Age 13

Key features

Interest rates

If you meet the conditions to earn the maximum interest rate, you can earn 5.25% on your savings.

If you don't meet the conditions the base rate is 0% however. But the conditions are simple: make no withdrawals and save $20 each month.

No account fees

There's no account fees with the IMB Reward Saver Kick Start.

Age restrictions

This account is aimed at young people. You can get it if you're aged 13 to 17, or if you're a student, trainee or apprentice aged anywhere between 18 and 30.

Balance requirements

This account is very flexible. You can open an account and start earning interest on as little as $1. You can earn the maximum interest rate on balances of up to $1 million.

How to apply

Eligibility

The IMB Reward Saver Kick Start is for Australian residents aged 13 to 17, or 18 to 30 if you're in education or training.

You can apply online in as little as 10 minutes. You'll just need your ID.

Compare other savings accounts

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Newcastle Permanent Smart Saver Account
Newcastle Permanent logo
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ING Savings Maximiser
ING logo
Maximum Variable Rate p.a.
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Standard Variable Rate p.a.
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IMB Reward Saver Account
IMB logo
Maximum Variable Rate p.a.
5.25%
Standard Variable Rate p.a.
0.00%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $50
  • No withdrawals
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Earn up to 3.25% p.a. after the introductory period ends.
First Option Bank Savings+Bonus Account
First Option Bank logo
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
2.00%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $100
  • No withdrawals
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Newcastle Permanent Online Savings Account
Newcastle Permanent logo
Maximum Variable Rate p.a.
5.20%
Standard Variable Rate p.a.
1.00%
Intro/Ongoing
3 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
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Bankwest Easy Saver
Bankwest logo
Maximum Variable Rate p.a.
5.35%
Standard Variable Rate p.a.
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BCU Bonus Saver
BCU logo
Maximum Variable Rate p.a.
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Standard Variable Rate p.a.
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