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bcu Scoots Super Saver

Advertiser disclosure
Interest rate
1.25% p.a.(for $0 to $50,000)
Maximum rate
No Current Offer
Govt deposit guarantee
Yes up to $250,000

Mozo editorial review bcu Scoots Super Saver

Last updated: 1 April 2021.

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What's hot
  • 2021 Mozo Experts Choice Award
  • No ATM or account fees
  • 1.25% ongoing interest rate
What's not
  • 0.20% rate for balances over $50,000
Mozo snapshot

The bcu Scoot Super Saver offers a generous 1.25% 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.

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Key features

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 1.50% 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.

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Who is it good for

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.

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Any catches

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.

Details

Rates and fees information correct as at 24 June 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Balances from $0: 1.25% p.a.
    Balances from $50,000: 0.20% p.a.

  • n/a

  • n/a

Fees
  • $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

Other financial bits
  • $1.00

  • $0.00

  • Monthly

Features
  • yes

  • none

  • yes

  • no

  • no

  • yes

  • no

  • yes

  • yes

  • no

  • no

  • none

  • none

  • Up to 13

Customer Reviews

How are bcu savings accounts rated by the Mozo community?

Overall
8.2/10
Price
7.4/10
Features
6.6/10
Customer service
8.4/10
Convenience
7.9/10
Trust
8.5/10
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About bcu

bcu began in 1970 when a group of north coast banana growers pooled their resources, and formed a credit union. Since those humble beginnings bcu has grown to 54,000 members, and includes 21 stores from the Sunshine Coast to Port Macquarie, plus telephone and Internet banking facilities. bcu is now a division of Police & Nurses Limited after a 2019 merger. bcu has a wide range of personal finance options to simplify your banking, including credit cards, home loans, personal loans, savings and transaction accounts and term deposits.

See bcu savings accounts