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Reward Saver Kick Start Account

Earn bonus interest for saving $20 a month with no withdrawals, it’s an ideal account for under 18s, students, trainees and apprentices aged 18 to 30 years1, to save for that something special.

earn up to

5.25

% p.a

Interest rate available for balances up to $1M. Interest rate includes Kick Start Bonus Interest Rate and Standard Variable Bonus Rate. Bonus Interest criteria applies2

Features

Kick Start your savings with bonus interest for regular savings, it’s the ideal account to save for that something special. Whatever you’re saving for, get there faster with an IMB Kick Start Reward Saver account.

No monthly account keeping fees3

Set up automatic transfers from your Everyday Account

Access to real time payments through Osko®

Personalise your account name (e.g. ‘Holiday Savings’)

Earn bonus interest by saving as little as $20 a month with no withdrawals2

Rates & Fees

Account Balance

Standard Variable
Interest Rate

Standard Variable
Bonus Rate 2

Kick Start
Bonus Interest Rate
up to2 3

Earn
up to

$1,000,000.01 & above

0.00

% p.a.

0.00

% p.a.

0.00

% p.a.

0.00

% p.a.

$500,000.01 - $1,000,000.00

0.00

% p.a.

3.25

% p.a.

2.00

% p.a.

5.25

% p.a.

$100,000.01 - $500,000

0.00

% p.a.

3.25

% p.a.

2.00

% p.a.

5.25

% p.a.

$5,000 - $100,000

0.00

% p.a.

3.25

% p.a.

2.00

% p.a.

5.25

% p.a.

$0 - $4,999.99

0.00

% p.a.

3.25

% p.a.

2.00

% p.a.

5.25

% p.a.

Calculate my savings

Opening an account is easy

Understand the important information

Read the product information, terms and conditions, and fee information

Apply online in under 10 minutes

Give yourself approximately 10 minutes to go through the application

Open an IMB Bank Account

Have your ID ready

Have your ID handy so we can verify your identity electronically (open to Australian residents, 13 years and over)

Need support?

Contact us

Get in touch with one of our Australia-based team.

Locate us

Our friendly branch staff are looking forward to helping you achieve your financial goals.

Got a question on Savings?

How can I open a term deposit?

I want to invest more than $100,000, how can I discuss a Negotiable Interest Term Account (NITA)?

What are the interest rates for IMB's Term Deposits?

What is the interest rate for the Wisdom Saver?

Do I need an Everyday transaction account to have a Reward Saver?

why us

IMB Bank is one of the most enduring financial institutions in the country, helping people achieve their financial goals for over 140 years.

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Important Information

General

Information current at date of appearance and subject to change. You should consider the IMB Member Guide to Transaction Banking - Product Disclosure Statement before making a decision about IMB products and facilities. Target Market Determination available here. Fees and charges may apply, see the PDS – Fees, Charges and Limits for more details.

Interest on all deposits is calculated on the daily balance at a daily rate equivalent to the annual rate divided by 365. A different rate applies to the portion of the balance in each tier.

Rates and features

1. The Reward Saver Kick Start account is available to individuals aged 13-17 and students, trainees and apprentices aged 18-30, studying or training with an organisation recognised by IMB in its absolute discretion. Once a Reward Saver Kick Start account no longer meets the eligibility criteria or fails to provide proof of eligible status, it converts to the standard terms and conditions applicable to the Reward Saver account. Please refer to the PDS for full details.

2. The interest rate shown is payable on balances up to $1m only. The Kick Start Bonus Interest Rate is a variable interest rate payable for the duration the account holder is eligible to hold a Reward Saver Kick Start account. To earn both the Standard Variable Bonus Rate and the Kick Start Bonus Interest Rate the account holder must make a minimum $20 deposit and no withdrawals per month (Bonus Interest Criteria). If Bonus Interest Criteria is not met for the calendar month, both the Standard Variable Bonus Rate and Kick Start Bonus Interest Rate are forfeited.

3. Transaction fees and other charges apply.

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