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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

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*

Contact us Call us (08) 8202 7777


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!

Apply 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 a 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 a 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

Interest rates and fees

Product Name Interest Rate Rate + Bonus
Children's Savings Account 0.05% pa 1.10% 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™.

*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.

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 for details of Credit Union SA’s awards.