Reward Saver Kick Start Account

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Rates & Fees
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Kick Start your savings with the IMB Reward Saver Kick Start Account. With great rates and 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 IMB Kick Start.

Earn bonus interest by saving as little as $20 a month and making no withdrawals
No monthly account keeping fees

_{IMB has made important changes to the IMB Reward Saver relating to the method of calculating interest and the interest balance thresholds. These were effective 1 September 2021. Details can be found on our Notice of Changes to our Product Disclosure Statement available here.}

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Interest Rates

Account balance	Standard Variable Interest Rate	Standard Variable Bonus Rate^*	*Kick Start Bonus Interest Rate up to^{^}**	Earn up to
$1,000,000.01 & above	0.00% pa	0.00% pa	0.00% pa	0.00% pa
$500,000.01 - $1,000,000.00	0.00% pa	0.25% pa	0.75% pa	1.00% pa
$100,000.01 - $500,000	0.00% pa	0.25% pa	0.75% pa	1.00% pa
$5,000 - $100,000	0.00% pa	0.25% pa	0.75% pa	1.00% pa
$0 - $4,999.99	0.00% pa	0.25% pa	0.75% pa	1.00% pa

* To earn bonus interest the account holder must make a minimum $20 deposit and no withdrawals per month. A different rate applies to the portion of the balance in each tier. Interest rates are subject to change without notice. If bonus interest criteria are not met for the calendar month, both the Standard Variable Bonus Interest and Fixed Bonus Interest Rate are forfeited.
^ The Kick Start Bonus Interest Rate is a variable interest rate payable for the duration the account is eligible: - Reward Saver Kick Start account for account holders aged under 18 years of age; or - Until 31/03/2022 for Reward Saver Kick Start accounts for Students, apprentices and trainees aged under 30. For Reward Saver Kick Start accounts opened prior to 1 September 2021, the Fixed Bonus Interest Rate continues to apply. Can be converted to the Kick Start Bonus Interest Rate on request. The Fixed Bonus Interest Rate is payable on balances from $0-$4999 at 1.00% p.a. Bonus interest criteria applies.

Fees, Charges and Limits

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Important things you should know about the Kick Start Package

1. Kick Start Package comprises an Everyday Unlimited Kick Start account & Reward Saver Kick Start account. The Kick Start Package 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 Kick Start Package holder no longer meets the eligibility criteria or fails to provide proof of eligible status, the Everyday Unlimited Kick Start and Reward Saver Kick Start accounts converts to the standard terms and conditions applicable to the Everyday Unlimited and Reward Saver accounts. Please refer to the PDS for full details.
2. No monthly account keeping fee applies to the Everyday Unlimited Kick Start account. When the account converts to the Everyday Unlimited account a $6 monthly fee is payable each month when the account balance falls below $2,000 at any time.
3. Transaction fees apply to international transactions and transactions performed via non-IMB channels
4. Visa Debit cardholder fee is NOT payable on the Everyday Unlimited Kick Start and Everyday Unlimited accounts, but applies to all Visa Debit cards issued on other account types. Limit of one cardholder fee exemption per member.
5. In order to receive bonus interest, a minimum deposit of $20 with no withdrawals must be made each calendar month. A transfer from the Reward Saver Kick Start account to the Everyday Unlimited Kick Start account is considered a withdrawal for the purposes of calculating bonus interest.
~In order to receive bonus interest, a minimum deposit of $20 with no withdrawals must be made each calendar month. A transfer from the Reward Saver Kick Start account to the Everyday Unlimited Kick Start account is considered a withdrawal for the purposes of calculating bonus interest.
-Transaction fees and other charges apply to the Reward Saver Kick Start Account – refer to the PDS Member Transaction Allowance & Fees and Charges for Everyday Unlimited Account for details.
† You can't apply online for a Visa Debit Card for a Reward Saver. Please ask us if you would like a Visa Debit Card for your account.

Important Information:
Interest rates are subject to change without notice. A different rate applies to the portion of the balance in each tier. Interest on all deposits is calculated on the daily balance at a daily rate equivalent to the annual rate divided by 365. This advice is general advice only and does not take into account your objectives, financial situation or needs. You should consider the Product Disclosure Statement available from IMB before making a decision about this product. Target Market Determination, available here.

Why choose us?

Established in 1880, we have been helping people achieve their financial goals for 140 years and are rated by Forbes as one of the World’s Best Banks. We offer a full range of competitive banking, including home and personal lending, savings and transaction accounts, term deposits, business banking, and can arrange financial planning, insurance and travel products.

We provide simple and secure digital banking solutions online and on mobile, and members enjoy access to free automated phone and internet banking, and a team of professionals at our locally based contact centre. With a growing branch network throughout the Illawarra, Sydney, NSW South Coast, Newcastle/Hunter, the ACT and Melbourne, we have a lending specialist in every branch and a team of mobile lending specialists who will come to you.

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