Young Saver Account

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The Young Saver account offers these great features & benefits:

A great tiered interest rate of 3.50% pa on all balances up to $5,000, followed by 2.00% pa for any amount between $5,001 & $10,000
No account keeping fees
No minimum monthly deposits
Available to children and youths 13-17 years of age

A birth certificate and medicare card of the child is required to open the account. More information about how to provide this is available at the end of the account application form.

The Young Saver is also great for teaching your child about the fundamentals of money. It can help your child establish good habits for saving and spending. Not only is the Young Saver a great product with a great rate, what makes this account really valuable are all the benefits that your child will receive.

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With a Young Saver you will receive:

A savings product with a great interest rate
Access to online fun sheets to help you learn more about money
Notifications about special offers and competitions
Fee free banking
Free cash deposits in branch

Things you should know:

The Young Saver Account is a new children and youth account launched on the 11th of April 2018. The previous children and youth account 'The Kick Start Saver' is no longer available to new applicants.