Border Bank Dynamo/Flex Account
Bonus rate
This is a special purpose children’s savings account created to enable children to earn extra interest if they do not withdraw funds. Funds are available at call. You can use Internet on the account
- Base rate up to
- 0.40%
- Introductory rate
- None
- Maximum balance
- None published
Rate with bonus, up to
Rates by balance
| Balance | Base rate | Bonus | Total |
|---|---|---|---|
| $0 to $50,000 | 0.40% | +2.25% | 2.65% |
| $50,000 and over | 0.00% | +2.25% | 2.25% |
Who can open it
- Age to open
- Up to 18
- Maximum balance
- None published
How it compares
Against the other savings accounts we compare. Typical means the middle half of them.
Most it pays
2.65%
At its best balance, with any bonus. Typical is 3.65%.
Base rate
0.40%
What it pays without a bonus. Typical is 2.40%.
Pros and cons
Pros
- No conditions. You earn the same rate every month, with no deposits to make or withdrawals to avoid.
Cons
- A low base rate. Only 0.40% in any month you miss the bonus conditions.
- An age limit. Only for people up to 18.
Similar savings accounts
Savings accounts from other banks that pay a similar rate at their best.
- Most it pays
- 2.65%
- Bonus conditions
- None
- Most it pays
- 2.65%
- Bonus conditions
- None
- Most it pays
- 2.65%
- Bonus conditions
- None
