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Savings and Investment Accounts

Children's Savings Account Bonus interest and fee-free

Rewarding positive saving habits to help them on their way

Credit Union SA’s Children's Savings Account ranked recently among the country’s best value savings and deposit accounts in the Mozo Experts Choice Deposit Account Awards Pocket Money Regular Saver category for children's savings accounts. 

The Children's Savings Account is perfect for children under the age of 18 wanting to start regular saving, and young adults who’ve just landed their first job.

It pays bonus interest at the end of any month in which at least one deposit is made, and there have been no withdrawals. Interest is calculated daily and paid monthly and best of all – there are no fees*.

Either the child can set up the account, or an adult on their behalf.

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No transaction or monthly fees*

Free Visa debit card

For young adults 16 and older.

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
Childrens Savings Account 0.25% pa 3.25% 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

How we can help

Outstanding day-to-day banking flexibility that’s just right for students.

High interest even with frequent access.

Watch your savings grow in high security.

*While no transaction fees are charged by us, a fee may be charged by the ATM operator if a card is linked to the account and transactions are performed using an ATM that is not part of the national network of rediATMs. Other fees and charges may apply. 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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