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Savings and Investment Accounts

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.*

Contact us Call us 8202 7777

Features

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
Fee Amount
Monthly Fee
There is no monthly fee on the Children's Savings Account.$0
Transaction Fee
There are no transaction fees on the Children's Savings Account*.$0

Want to do more with your money?

Outstanding day-to-day banking flexibility that’s just right for students. Your money will be at your fingertips whether you're in study mode or planning your summer holidays.

Looking for a savings account that delivers great interest no matter how many deposits or withdrawals you make? Our Netsave Account ticks every box.

We provide fundraising opportunities for schools - without them having to donate time or money.

Our Access Account is our fee free account with 24/7 banking, plus digital wallets including Google Pay™, Apple Pay, Samsung Pay, Fitbit Pay and Garmin Pay™.

*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.