Our Children’s Savings Account has taken out Mozo’s Expert Choice Award for three years in a row and received a 5-Star Rating from Canstar.

So, we can officially say it’s one of the best in Australia!

This account is for anyone under 18 years of age.

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*

No transaction or monthly fees*

Free Visa Debit Card

Pay bonus interest

Every month a deposit is made and no withdrawals. Learn more

Set up regular deposits

Helps earn that bonus interest!

Children's Savings Account interest rates

Product NameInterest RateBonus + Rate
Children's Savings Accounts0.05% pa1.35% pa

Bonus interest applies each month you make a deposit (of any amount) and no withdrawals. The portion of any balance above $50,000 will not receive bonus interest.

Children's Savings Account fees

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

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.

Start your application now

Existing members

Open a child membership by following these instructions:

  1. Log into your Internet Banking
  2. Select 'Apply for' from the top menu
  3. Click 'Child Membership' from the drop-down menu
  4. Complete our online Child Membership form.

Please note you’ll need a photo/scan of the child’s birth certificate or passport to complete the process.

Not a member?

12-18 year olds

If you’re 12-18 years of age and not already linked to a membership you can join online now. Simply select ‘Just for me’ at the beginning of our online membership form and following the prompts.

Please note you’ll need at least one form of personal identification.

Join now

Not a member?

Parents or guardians

If you’re over 18 years of age and would like to join online and open a child membership at the same time. Simply select ‘Me and a child’ at the beginning of our online membership form and follow the prompts.

Please note you’ll need at least one form of personal identification for you and a photo/scan of the child’s birth certificate or passport to complete the process.

Join now

Calculators

We’ve got you sorted with a number of handy calculators that will help you work out exactly what you’ll need to do to achieve your financial goals, whether that be borrowing money, making repayments, or creating a savings plan.

Learn more

Flexible banking

Mobile Banking App

Available for both Apple and Android smart devices, the Credit Union SA Mobile Banking App allows you to utilise all the best functionality of our website and Internet Banking services – anytime and anywhere you have an internet connection.

Learn more

Digital Wallet

Digital wallets can be used to pay for purchases via a Credit Union SA Visa Debit Card or Visa Credit Card loaded into your smart device, wherever mobile payment systems are offered.

Learn more

The credit union difference

At Credit Union SA, we offer all the same services as a bank but with one very important difference - our highest priorities are our members and our community.

Learn more

FREQUENTLY ASKED QUESTIONS
View all Accounts FAQs

This can depend on what you want to use your account for. View a list of all of our accounts, and their benefits.

Alternatively call (08) 8202 7777 during business hours or visit us at 400 King William Street, Adelaide.

Our savings accounts are designed to encourage and reward members for maintaining a regular savings program.

None of our savings accounts have transaction fees or monthly fees. Other fees and charges may apply.


Terms and conditions and interest rate information for accounts no longer on offer is available. For more information about any of these products, you should review our Regulatory disclosures

We offer a number of calculators that will help you work out what you'll need to do to achieve your goals – whether it be borrowing money, making repayments, or creating a savings plan. Visit our calculators to get started.

You can register for Internet Banking by calling us on (08) 8202 7777 or by visiting us at 400 King William Street, Adelaide. You will be given a default password at the time.

Alternatively, you can complete the New Accounts and Access Services form and return to:

Credit Union SA
Reply Paid 699
Adelaide SA 5001

Once Internet Banking has been set up on your membership you will receive a letter advising you that you need to ring (08) 8202 7777 to obtain your default password.

Your default password will allow you to log into your Internet Banking via the Internet Banking LOGIN button, located on the right hand corner of every page of this website.

For security reasons, the first time you log on you’ll be required to change the PASSWORD we gave you. This will need to be between eight and sixteen characters long. It’s imperative that you protect this password. Credit Union SA staff will never ask you for it, and you shouldn’t reveal it to anyone else either.

Learn more about protecting your cards and accounts and protecting your data and information.

Find out more

A Mobile Banking App is an application that is downloaded to your smart device via the app store that makes accessing your accounts even easier. Once your Mobile Banking App is setup, you can access your accounts at the touch of a button using a four digit PIN or fingerprint.

Mobile Banking App provides you with access to the most popular Internet Banking features including:

  • Checking your balances and transaction history
  • Transferring money from or to other Credit Union SA members
  • Transferring money to other financial institutions
  • Paying a bill using BPAY®

Internet Banking is accessed via a web browser which can still be accessed on your smart device or desktop computer using your account number and password. For services such as loan redraw, or opening a new savings account, you will need to access Internet Banking from a web browser on a computer or smart device.

Download Mobile Banking App User Guide

You can view your eStatements using your Mobile Banking App or Internet Banking.

Mobile Banking App

Go to ‘eStatements’ in the drop-down menu, then ‘View eStatements’ and choose from the list.

Internet Banking

Go to ‘Accounts’ on the top navigation bar, then ‘eStatements’ and choose from the list.

INFORMATION YOU SHOULD KNOW

1

*We do not charge any fees when using ATMs within Australia. However, some ATM operators may charge a fee to process your transaction or balance enquiry. If withdrawing cash overseas a fee may be charged by the ATM operator and the details will be disclosed at the time of the transaction or enquiry. 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.

2

The target market for this product can be found within the product’s Target Market Determination (TMD), available at creditunionsa.com.au/legal/terms-and-conditions/target-market-determination

3

Canstar’s Awards uses a methodology unique to Canstar, which compares institutions’ products and services and recognises the providers found to offer outstanding value. Visit canstar.com.au for details of Credit Union SA’s awards.