Help kids establish good habits for saving and spending.

The Young Saver is great for teaching your child about the fundamentals of money.

$0 - $5,000.00 4.75 % pa Interest rate

 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.

  • Access to the account is available via the mobile banking app, internet banking, phone banking, and branch facilities
  • No transaction fees (internet banking, phone banking, or mobile banking app transactions)
  • No over-the-counter withdrawal fees (under $5000)2

Product Features:

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
Fees
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

Looking for more information?

Enquire about our Savings Accounts and Term Deposits. Reach your goals sooner.

 

The Privacy Act requires us to tell you about how we collect and use your personal information. We explain this in our Privacy Policy which is available here.

Why choose Australian Mutual Bank?

Footnotes:

  • 1 Interest is calculated daily on the portion of the balance which falls within each of the tiers and paid monthly on the last day of the month unless otherwise stated. A savings account available to members aged 12 to under 18 years. Account is also available to members under 12 years of age, where the membership is held in the parents’ name in trust for the young member. Only one account per membership.

2 Large cash withdrawal fees may apply. Please refer to the Fees and Charges Schedule for details. Does not include Bank@Post fees.