Kids Savings Account
Helping kids get used to managing their money.
Enjoy no monthly account keeping fees, no Suncorp Bank transaction fees, nor coin handling fees. Kids are allowed one monthly withdrawal, and the option to earn bonus interest every month.*
Apply in Branch
Did you know? Over 11's can also apply for an Everyday Basics transaction account or one of our online savings eOptions accounts.
Ways to access your Kids Savings Account
You must be under 18 years old; and
Have parent or guardian permission to open the account if you're under 11 years old.
What you’ll need to apply
See what information and personal identification we use to open up your new account, and then simply drop in to your local branch to set up your account. Please note that the child will need to come into the branch for the account to be opened.
We understand that teaching kids about money management is important. That's why we've created a website for parents and kids to use together that makes learning about money easy and fun, while getting kids used to the logic of using online banking tools.
Together, you'll be able to:
Set and monitor savings goals
Keep a record of how much you've saved
Learn how to 'move' money between accounts
Make a donation to a charity of your choice
Download work sheet that explain different aspects of banking
Play some cool games
All of this, and more, at www.suncorpkids.com.au
Interest is calculated daily and paid into your Kids Savings Account monthly. To reward kids for saving, bonus interest is paid when at least $20.00 is deposited in the account and no more than one withdrawal is made each month.
Kids Savings Account
|Minimum Balance||Standard Rate||Bonus Rate||*With Bonus Interest|
|$0.01 and over||1.50% p.a.||1.25% p.a.||2.75% p.a.|
Interest Rates Effective 5 August 2016.
Interest is calculated daily and paid monthly.
*Bonus interest is paid when at least $20 in combined deposits is made each month and when no more than one withdrawal is made per month.
Things you should know
* Bonus interest is earned when at least $20.00 is deposited across the month and if no more than one withdrawal is made each month.
Interest rates and fees and charges subject to change without notice.
Banking Products issued by Suncorp Metway Ltd (“Suncorp Bank”) ABN 66 010 831 722. Please read the Product Information Document before making any decisions regarding this product. Visit your nearest branch or call 13 11 75 for more information. Terms and Conditions apply and are available on request. Fees and charges may apply.