Children's Savings Account
Our Children's Savings Account is perfect for those under the age of 18 wanting to start regular saving.
Bonus interest is paid at the end of any month in which at least one deposit is made, and there have been no withdrawals.^ Interest is calculated daily and paid monthly and best of all – there are no fees.*
No transaction or monthly fees*
Free Visa debit card
Visa debit cards are only available to persons aged 16 years or over.
Pays bonus interest
Every month a deposit is made and no withdrawals.^
Set up regular direct deposits
Helps earn that bonus interest!
Interest rates and fees
|Product Name||Interest Rate||Rate + Bonus|
|Children's Savings Account||0.25% pa||3.25% pa|
|There is no monthly fee on the Children's Savings Account.||$0|
|There are no transaction fees on the Children's Savings Account*.||$0|
Want to do more with your money?
*While no transaction fees are charged by us, a fee may be charged by the ATM operator if a card is linked to the account and transactions are performed using an ATM that is not part of the national network of rediATMs. Other fees and charges may apply.
^ Bonus interest will not be paid in the 1st month of account opening.
This is general advice only and you should consider the terms and conditions before determining whether any of our products are suitable to your situation.