Interest rate
0.90% 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: 30 August 2021

binocular icon
What's hot
  • 2021 Mozo Experts Choice Award
  • No ATM or account fees
  • 0.90% ongoing interest rate
What's not
  • 0.10% rate for balances over $50,000
Mozo snapshot

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.

key icon
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 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.

snapshot
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.

question icon
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 18 September 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: 0.90% p.a.
Balances from $50,000: 0.10% 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
Price
Features
Customer service
Convenience
Trust

About bcu