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 5.50 % p.a. Interest rate
Young Saver Account Rate p.a.
$0 - $5,000.00 5.50% p.a.
$5,000.01 - $10,000.00 2.50% p.a.
Portion above $10,000.00 0.01% p.a.
  • 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

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.

Why choose Australian Mutual Bank?


  • 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. This is a savings account available to members aged 12 to under 18 years. The account is also available to adults with a child or children under 12 years of age, where the membership is owned and operated by the parents’ or guardians. At the age of 12, the child can apply for their own membership at Australian Mutual Bank. Only one account per child. Any accounts held under a parent or guardians name will therefore be required to be closed.