Children's Savings Account
Our Children’s Savings Account has taken out Mozo’s Expert Choice Award for the third year in a row and received a 5-Star Rating from Canstar. So, we can officially say it’s one of the best in Australia!
How it works
Bonus interest applies each month you make a deposit of any amount and make no withdrawals.
Our bonus interest helps teach children the benefits of regular saving.
Who can apply?
- This account is for anyone under 18 years of age.
- A parent or legal guardian over 18 years of age can to open the account on behalf of the child (either online or in person).
How to apply
Open a child membership by downloading and completing this form.
Bring the completed form, plus a copy of the child’s Passport or Birth Certificate to 400 King William Street, Adelaide or 25/27 Commercial Rd, Port Augusta.
If you have any questions, please call us on (08) 8202 7777.
Interest rates and fees
|Product Name||Interest Rate||Rate + Bonus|
|Children's Savings Account||0.05% pa||2.20% pa|
|There is no monthly fee on the Children's Savings Account.||$0|
|There are no transaction fees on the Children's Savings Account*.||$0|
Want to do more with your money?
*While we won’t charge any transaction fees, you may be charged a fee by the ATM operator if you perform transactions using an ATM that is not branded Commonwealth Bank, ANZ, Westpac, NAB or BankSA (including overseas ATMs). The fee will be disclosed at the time of performing the transaction. You can avoid the fee by cancelling the transaction when prompted. 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.