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Savings Accounts and Term Deposits

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

Bonus interest applies each month you make a deposit of any amount and make no withdrawals. 

Saving skills

Our bonus interest helps teach children the benefits of regular saving. 

Fee free

And best of all there’s no monthly fees or transaction fees*


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.

Contact us Call us (08) 8202 7777

Features

No transaction or monthly fees*

Free Visa Debit Card

Visa Debit Card are only available to persons aged 16 years or over.

Pays bonus interest

Every month a deposit is made and no withdrawals.^

Set up regular direct deposits

Helps earn that bonus interest!

Interest rates and fees

Product Name Interest Rate Rate + Bonus
Children's Savings Account 0.05% pa 2.70% pa
Fee Amount
Monthly Fee
There is no monthly fee on the Children's Savings Account.$0
Transaction Fee
There are no transaction fees on the Children's Savings Account*.$0

Want to do more with your money?

Outstanding day-to-day banking flexibility that’s just right for students. Your money will be at your fingertips whether you're in study mode or planning your summer holidays.

Offering the ability to earn higher returns without having to lock funds away while having no monthly account keeping or transaction fees*.

Looking for a savings account that delivers great interest no matter how many deposits or withdrawals you make? Our Netsave Account ticks every box.

Our Access Account is our fee free account with 24/7 banking, plus digital wallets including Google Pay™, Apple Pay, Samsung Pay, Fitbit Pay and Garmin Pay™.

*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.

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