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Kids Savings Account

A savings account for under 18s that offers bonus interest for regular savers

To apply please visit your nearest branch

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 branch or set up a direct credit transfer each month.

Grow your savings faster

Standard Rate

On balances $0.01 & over

On balances $0.01 & over

Key Features

  • $0 monthly account-keeping fee
  • $0 transaction fees
  • Earn bonus interest
  • No minimum balance to open your account or earn interest

Did you know? Over 11s can also apply for an Everyday Basics Transaction Account or our online eOptions Online Savings Account.

Product Information Document

For more details about our Kids Savings Account download our Product Information Document.

Savings Calculator

Use our savings calculator to see how much you can save

Ready to apply?

The Kids Savings Account can only be applied for at a Suncorp Bank branch.

We will need to confirm your identity when you visit the branch so please take a moment to read our personal identification requirements.

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. Fees, charges, terms and conditions apply and are available on request.

Bonus Interest Rate

Bonus interest is paid when at least $20 in combined deposits is made each month and when no more than one withdrawal is made per month.