Our aim is to make banking a more positive experience, so we’re going to create a generation of cashed up kids who understand the value of saving. The BankWest Kids’ Bonus Saver Account offers Australia's highest rate on kids' savings.
By linking to a BankWest Children's Savings Account and depositing between $25 - $250 per month, children under the age of 15 can take advantage of the huge 10% p.a. bonus interest, with no account fees to eat into their funds!
- Huge 10% p.a. bonus interest rate.
- No account fees.
- Bonus interest paid each month when $25-$250 is deposited and no withdrawals are made.
- Fast parent/guardian access to funds via phone and online banking.
- To open a BankWest Kids' Bonus Saver Account, you'll also need to link it to a BankWest Children's Savings Account. Start with a deposit from as little as $25, all the way up to $250.
- Set up your child's monthly savings plan. You'll need to deposit between $25 and $250 per month and make no withdrawals to earn 10% p.a. bonus interest.
- Watch your child's savings grow!
- After a year, everything over $1 will be swept into the BankWest Children's Savings Account. Now you can start all over again and earn your child even more interest!
Savings Calculator
This product is issued by Bank of Western Australia Ltd ABN 22 050 494 454 AFSL 236872, a member of the HBOS Australia group. Any advice given is of a general nature, and is not based on any consideration of your financial situation or needs. You should consider the Product Disclosure Statement and whether the product is right for you. Rate confirmed by Infochoice at 31 March 2008. Bonus interest rate is paid monthly and applies when no withdrawals are made and a deposit of at least $25 (but no more than $250) is made in that month. Standard rate of 0.01% p.a. applies. Rates disclosed are subject to change. Only one BankWest Kids' Bonus Saver Account per child. Maximum allowable deposit of $250 per month. Terms and conditions apply.
You agree to be provided the Financial Services Guide by accessing the following link - Financial Services Guide.