Children's Savings Account

no fees to eat away savings


  • available to children under 15
  • fee free banking for children
  • link it to a Bankwest Kids' Bonus Saver
Children's Savings Account

Rates

Credit interest paid on this account is variable.

Children's Savings Account Interest rate
$0 to $2,999.99
0.75 % p.a.
$3,000 to $9,999.99
1.25 % p.a.
$10,000 to $19,999.99
1.70 % p.a.
$20,000 and over
2.50 % p.a.

Interest is calculated daily (but credited monthly) at the applicable rate above on the end of day balance of the account.

Fees

There are also costs for things you might ask us to do occasionally that are outside your account’s normal terms and conditions. We charge a service fee for some of these items - so it’s on a user pays basis.

Other fees which may be incurred are listed in the Children's Savings Account Product Schedule and the Your Guide to Banking Fees (PDF) brochure.

what you will need

what you will need  

Some simple tips for when you apply.
 

Bankwest SWIFT code: BKWAAU6P | Find your BSB by logging into Online Banking.

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