Kids Savings Account
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 branch or set up a direct credit transfer each month.
Kids Savings Account Features
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
Suncorp partnered with Financial Basics Foundation as part of our commitment to supporting young people and their financial literacy. Financial Basics Foundation is a not-for-profit organisation with a vision that all young Australians are financially capable and can manage their finances now and into the future. Together, we want to build a nation of money-confident kids.
Financial Basics Foundation has developed an online game called ESSI Money (Earning, Spending, Saving & Investing). We’re excited to offer a version of the game to Suncorp customers. Suitable for ages 10+, the Suncorp ESSI Money Family Challenge is a fun and interactive way for families to improve their financial knowledge and give kids the skills and confidence to manage their money.
Check out our series of fact sheets to learn about some of the key areas of personal finance.
Find out more about the Suncorp Money ESSI Family Challenge.
Things you should know
Account owners must be under 18 years of age and a permanent resident of Australia and children under 11 years of age must obtain consent from a parent or guardian to open the account.
Interest rates and fees and charges subject to change without notice.
Deposit Products are issued by Suncorp-Metway Ltd (“Suncorp Bank”) ABN 66 010 831 722 AFSL No 229882. Please read the Product Information Document for Personal Deposit Accounts before opening an account. Fees, charges, terms and conditions apply and are available on request.