KIDS BANK ACCOUNTS
Kids Savings Account
A savings account for under-18s that offers bonus interest for regular savers, no monthly account keeping fees and no minimum balance to open the account or earn standard interest.
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 standard 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
Australia and New Zealand Banking Group Limited (ABN 11 005 357 522) (ANZ) acquired Norfina Limited (ABN 66 010 831 722 (Suncorp Bank) on 31 July 2024. As Suncorp Bank is now part of the ANZ Group, it may be necessary to vary the terms of your Suncorp Bank product to match the terms of a similar ANZ product. This means you may end up with a product that has different terms and features to those you initially applied for. In any event, Suncorp Bank will provide you with a more detailed notice of these changes if the variation applies to your products. A full list of these changes for each product can be found at suncorpbank.com.au/variation. Please contact us if you have any questions or if there is a feature that is important to you.
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 and Everyday Essentials Account. For more information on Canstar awards, go to https://www.canstar.com.au/star-ratings-awards/savings-and-transaction-account.
