On becoming a member of our bank, you're not just a customer, you're an owner!
The Young Saver is great for teaching your child about the fundamentals of money.
Australian Mutual Bank has won the Gold award for Best Kids Savings Account for our Young Saver Account in 2022.
The RateCity Gold awards celebrate banks, lenders and credit unions that offer consistently competitive products to Australian consumers. The winners of the awards score consistently as top performers based on RateCity's extensive methodology.
The top 10 percent in each category are awarded a RateCity Gold Award - a signal to consumers that this product is one of the best options in market.
Young Saver Account
|Minimum amount :||$0|
|Funds available :||Yes|
|Online & Phone Banking :||Yes|
|Direct Entry (Credit/Debit) :||Credit only|
|Interest income :||Interest is calculated on the daily balance and paid monthly.|
|Branch access :||Yes|
|Visa Debit Card :||No|
|Annual fee :||$0|
|Monthly fee :||$0|
|Young Saver Account||Rate p.a.|
|$0 - $5,000.00||4.75% pa|
|$5,000.01 - $10,000.00||2.00% pa|
|Portion above $10,000.00||0.01% pa|