The bcu Scoot Super Saver offers a generous 0.90% for your kids savings stash, plus there are zero monthly account fees to eat into their balance. What’s more, it took out a 2021 Mozo Experts Choice Award in the Pocket Money Saver category, making it one of the best value accounts around.
It can be hard enough introducing kids to the ins and outs of finance, let alone encouraging them to save, but the bcu Scoots Super Saver is designed with just that in mind. Kids won't have to lift a finger to see their stash grow with the 0.90% interest rate on balances under $50,000. Couple that with the lack of account keeping fees and this should go a long way towards helping children save as much of their pocket money as possible.
Kids also get access to Scoot’s Zone, an online portal which helps them learn good money habits. There are a heaps of fun games and plenty of resources to make smart banking more fun, including a savings planner, handy financial tips, and a money Q&A with Scoot the dog.
Funds can be accessed using ATM, phone or internet without any fees. There is however a $0.30 EFTPOS fee (which should actually help minimise spending), and $1 over the counter deposit and withdrawal fees.
If you’re a parent looking to instil responsible savings habits in your child, bcu’s Scoot Super Saver could be a great pick. Encourage your child to keep spending to a minimum while making regular deposits and they’ll see their savings grow in no time.
The Scoot Super Saver is available to children aged 13 and under, so after this kids will need to look into a new account instead.
| Balances from $0: 0.90% p.a. | |
| n/a | |
| n/a |
| $0.00 | |
| n/a | |
| Unlimited free transactions from phone and internet. 6 free branch transactions, 5 free EFTPOS transactions and unlimited free ATM withdrawals. | |
| $0.00 | |
| bcu | |
| $0.00 | |
| $1.00 | |
| $1.00 | |
| $0.30 | |
| $0.00 | |
| $0.00 | |
| n/a |
| $1.00 | |
| $0.00 | |
| Monthly |
| yes | |
| none | |
| yes | |
| no | |
| no | |
| yes | |
| no | |
| yes | |
| yes | |
| no | |
| no | |
| none | |
| none | |
| Up to 13 |
Virgin Money
Boost Saver with Go Account
1.50% p.a. (for $0 to $250,000)
0.10% p.a.(for $0 and over)
Yes up to $250,000
Rabobank
High Interest Savings Account
1.35% p.a. (for $0 to $250,001)
0.25% p.a.(for $0 to $250,001)
Yes up to $250,000
Virgin Money
Grow Saver
0.65% p.a. (for $0 and over)
0.10% p.a.(for $0 and over)
Yes up to $250,000
Citi
Online Saver
1.10% p.a. (for $0 to $500,000)
0.35% p.a.(for $0 and over)
Yes up to $250,000
Bank of Queensland
Fast Track Saver Account
1.05% p.a. (for $1 to $250,000)
0.05% p.a.(for $1 and over)
Yes up to $250,000
Virgin Money
Boost Saver with Go Account
1.50% p.a. (for $0 to $250,000)
0.10% p.a.(for $0 and over)
Yes up to $250,000
Rabobank
High Interest Savings Account
1.35% p.a. (for $0 to $250,001)
0.25% p.a.(for $0 to $250,001)
Yes up to $250,000
Virgin Money
Grow Saver
0.65% p.a. (for $0 and over)
0.10% p.a.(for $0 and over)
Yes up to $250,000
Citi
Online Saver
1.10% p.a. (for $0 to $500,000)
0.35% p.a.(for $0 and over)
Yes up to $250,000
Bank of Queensland
Fast Track Saver Account
1.05% p.a. (for $1 to $250,000)
0.05% p.a.(for $1 and over)
Yes up to $250,000
Virgin Money
Boost Saver with Go Account
0.10% p.a.(for $0 and over)
1.50% p.a. (for $0 to $250,000)
Yes up to $250,000
Rabobank
High Interest Savings Account
0.25% p.a.(for $0 to $250,001)
1.35% p.a. (for $0 to $250,001)
Yes up to $250,000
Virgin Money
Grow Saver
0.10% p.a.(for $0 and over)
0.65% p.a. (for $0 and over)
Yes up to $250,000
Citi
Online Saver
0.35% p.a.(for $0 and over)
1.10% p.a. (for $0 to $500,000)
Yes up to $250,000
Bank of Queensland
Fast Track Saver Account
0.05% p.a.(for $1 and over)
1.05% p.a. (for $1 to $250,000)
Yes up to $250,000
Bank of Queensland
Fast Track Starter Account
0.05% p.a.(for $1 and over)
2.50% p.a. (for $1 to $10,000)
Yes up to $250,000
ANZ
Progress Saver
0.01% p.a.(for $0 and over)
0.25% p.a. (for $0 and over)
Yes up to $250,000
Newcastle Permanent
Smart Saver
0% p.a.(for $0 and over)
1.20% p.a. (for $0 and over)
Yes up to $250,000