Children's Savings Account

Avoid account maintenance fees with an account specifically designed to help set up your child's financial future.


Parent, guardian or adult signatory access

Access the account via phone or online.

Earn interest

Calculated daily and paid monthly.

Save on fees

No account maintenance fees.

How it works

This account is for children under the age of 15, but a parent, guardian or adult signatory needs to open, access and make withdrawals from the account.

If you want to give your child's savings an extra boost, you can team this account with our Kids' Bonus Saver.


Name Rate
Balances $0 to $2,999.99 0.75% p.a.
Balances $3,000 to $9,999.99 1.25% p.a.
Balances $10,000 to $19,999.99 1.70% p.a.
Balances over $20,000 2.50% p.a.

Interest is calculated at the applicable rate on the entire balance.

Rates are variable and subject to change.
Fees which may be incurred are listed in the Children's Savings Product Schedule and Your Guide to Banking Fees.

View the Children's Savings Account terms and conditions

Children's Savings Account terms and conditions:

The relevant Product Schedule together with all of the related documents form the complete Product Disclosure Statement for this product.

Children's Savings Account Product Schedule (PDF)

Related documents:
Investment and Transaction Account Terms and Conditions (PDF)
Account Access Conditions of Use (PDF)
Banking Services Rights and Obligations (PDF)
Your Guide to Banking Fees (PDF)

Apply today

The Children's Savings Account is only available in store or over the phone.

Check your eligibility

  • Available to children under the age of 15
  • Account is operated by a parent or guardian on behalf of the child.

Things you need for your application

For the child, you will need a birth certificate.

Find out more about what you may need to provide.