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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

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Grow your savings faster

Be rewarded for regular saving. Bonus interest is payable when at least $20 is deposited into the account each month and no more than one withdrawal is made per month.

Standard Rate

On balances $0.01 & over

+

Bonus Rate

*

=

Standard + Bonus Rate

On balances $0.01 & over

* 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.

Interest Rates Effective 15 November 2017

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.

Kids Savings Account Features

$0 monthly account keeping fee, no transaction fees

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

You can make deposits at any Suncorp store or set up a direct credit transfer each month

Children over 11

Over-11s can also apply for an Everyday Basics Transaction Account or our online eOptions Savings Account

Everyday Basics Account

eOptions Savings Account

Interest rates

Teaching tools

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.

Did you know? Over-11s can apply in store for below accounts

Everyday Basics

A simple, fee-free bank account for all your everyday banking needs.


No monthly account-keeping fee

Fee-free withdrawals at rediATMs across Australia plus the Big Four have fee-free ATMs

eOptions Savings Account

An online-only savings account with no account keeping fees that lets you earn interest without locking your funds away.


No monthly account-keeping fee

Earn interest with an eOptions savings account

Ready to apply?

To apply for this account, you'll need to visit a Suncorp Bank branch.

We'll have to confirm your identity when you visit, so please take a moment to read our personal ID requirements.

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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.