Everyday Accounts
Kids Savings Account
A savings account for under-18s that offers bonus interest for regular savers
To apply please visit your nearest branch
Canstar 2024
Outstanding Value Junior & Youth Banking Award
Grow your savings faster
Be rewarded for regular saving.
Standard Rate
On balances $0.01 & over
+
Bonus Rate
*
=
Standard + Bonus Rate
On balances $0.01 & over
* Bonus interest may be payable if at least $20 is deposited into the account each month and when no more than one withdrawal is made per month.
Teach your kids how to save and manage their money
The Kids Savings account is all about helping under 18s learn to manage their money. Enjoy no monthly account keeping, transaction, or coin handling fees, plus, earn bonus interest when you deposit at least $20 into the account each month and make no more than one withdrawal each month. You can make deposits at any Suncorp Bank branch or set up a direct credit transfer each month.
Kids Savings Account Features
$0 monthly account keeping fee, no transaction fees
Earn Bonus Interest
Bonus interest may be payable if at least $20 is deposited into the account each month and when no more than one withdrawal is made per month.
No minimum balance to open your account or earn interest
You can make deposits at any Suncorp Bank branch or set up a direct credit transfer each month.
Interest rates
Ready to apply?
To apply for this account, you'll need to visit a Suncorp Bank branch.
We'll have to confirm your identity when you visit, so please take a moment to read our personal ID requirements.
Things you should know
Home Loan, Personal and Business Banking products are issued by Suncorp Bank (Norfina Limited ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882) to approved applicants only. Eligibility criteria, conditions, fees and charges apply and are available on request. Please read the relevant Product Information Document and terms and conditions before making any decisions about whether to acquire a product.
To be eligible for a Suncorp Bank Visa Debit Card you must be 11 years of age or older. For Visa Debit Cards issued to customers aged 11-15 years of age, we will (where possible) block purchases from merchants using the following Merchant Category Codes: Dating Services (7273), Massage Parlours (7297), Gambling Transactions (7995) , Government-Owned Lotteries (Non-U.S. region) (9406), Government-Owned Lotteries (U.S. Region only) (7800), Government Licensed Casinos (Online Gambling) (7801), Government Licensed Horse/Dog Racing (U.S. Region only) (7802), Direct Marketing - Outbound Telemarketing Merchants (5966), Direct Marketing - Inbound Telemarketing Merchants (5967) .
Interest rates and fees and charges subject to change without notice.
Kids Accounts
The Canstar 2024 Outstanding Value Junior & Youth Banking Award was received in April 2024. The award recognises financial institutions that provide outstanding value to Australian consumers through their suite of savings and transaction products, including a separate category for Junior & Youth Banking Awards. Suncorp Bank products assessed included: Growth Saver Account, Kids Savings Account, Everyday Options Account, Carbon Insights Account and Everyday Essentials Account. For more information on Canstar awards, go to https://www.canstar.com.au/star-ratings-awards/savings-and-transaction-account.
