Suncorp Kids Savings Account

1.40% p.a.(for $0 and over)

2.60% p.a. (for $0 and over)

 
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Suncorp Kids Savings Account Review

Rates and fees information correct as at 23 January 2019.

Review published: 17 May 2013

What's hot:

  • One free monthly withdrawal

  • No account fees

  • 2.60% interest rate (if conditions are met)

What's not:

  • 1.50% standard rate

Mozo snapshot:

Kiddie bank accounts are few and far between, so it is just great to see Suncorp offering one. The 2.60% special interest rate, complete absence of account fees and top notch accessibility are some notable high points. It's these features which make Suncorp Kids Savings Account worth looking into for any kid.

Key features:

Suncorp's Kids Savings Account helps little savers, save big. A minimum deposit of $20 a month plus no more than one withdrawal scores kids a 2.60% special interest rate. If these conditions are not met, the rate drops to a paltry 1.40% - a great incentive to save for any youngin'.

The Kids Savings Account is highly accessible, with online and phone banking capabilities. Any necessary transaction will be free and staff-assisted - seems like Suncorp are keen on helping out their youngest customers. Suncorp don't offer ATM accessibility with this account, but over the counter withdrawals are free.

To top it all off, the Kids Savings Account has no annual or account keeping fees attached, which is great news for any young saver. 

Who it's good for:

The Suncorp Kids Savings Account is perfect for any kid or young adult who is keen to grow their savings and develop good saving habits.

Any catches?

The Suncorp Kids Savings Account is only available to customers under 18 years old.

How are Suncorp savings accounts rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
8.0

Based on 1724
Suncorp savings accounts reviews

7.2 6.9 8.1 8.0 8.0

Read Suncorp savings account reviews by the Mozo community

Latest reviews of Suncorp Kids Savings Account

Suncorp

Suncorp Kids Savings Account savings account review

Overall rating   10 / 10

absolutely awesome bank

I absolutely love Suncorp and had no drama I would recommend anyone to go with suncorp

Full review

I absolutely love Suncorp and had no drama I would recommend anyone to go with suncorp

    Price   6 / 10

    Features   7 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Paige, Queensland, reviewed about 1 year ago

Suncorp

Suncorp Kids Savings Account savings account review

Overall rating   7 / 10

Great customer service

The staff are extremely helpful and friendly

Full review

The staff are extremely helpful and friendly

    Price   8 / 10

    Features   7 / 10

    Customer service   7 / 10

    Convenience   6 / 10

    Trust   6 / 10

Less

Sandra, Victoria, reviewed almost 3 years ago

Suncorp

Suncorp Kids Savings Account savings account review

Overall rating   7 / 10

Somewhat competitive

Good and helpful.

Full review

Good and helpful.

    Price   7 / 10

    Features   6 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   7 / 10

Less

Taya, Queensland, reviewed over 3 years ago

Suncorp

Suncorp Kids Savings Account savings account review

Overall rating   10 / 10

Great for teens or kids!

I don't pay account fees at all, it's great I have a debit card too.

Full review

I don't pay account fees at all, it's great I have a debit card too.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Samantha, Queensland, reviewed over 3 years ago

Suncorp

Suncorp Kids Savings Account savings account review

Overall rating   10 / 10

Delightful service, perfect product features

I wanted to set up a bank account for my 13yr boy. His ID could have been an issue because his mother hyphenated his surname but officially his surname is the same as mine. A consultant immediately took us to sit down, explained the product...

Full review

I wanted to set up a bank account for my 13yr boy. His ID could have been an issue because his mother hyphenated his surname but officially his surname is the same as mine. A consultant immediately took us to sit down, explained the product features, and made the ID and setting all up a cinch, a delight actually. Awesome product features also.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Xavier, Queensland, reviewed over 3 years ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Rates

  • Balances from $0: 1.40% p.a.

  • Balances from $0: 2.60% p.a.

  • Minimum deposit of $20 and no more than one withdrawal in the month

Fees

  • $0.00

  • none

  • Free staff assisted transactions, and internet and phone banking.

  • none

  • none

  • none

  • $0.00

  • $0.00

  • none

  • $0.00

  • $0.00

  • none

Other financial bits

  • $0.00

  • $0.00

  • Monthly

Features

  • no

  • none

  • no

  • no

  • no

  • yes

  • no

  • yes

  • yes

  • no

  • no

  • none

  • none

  • Under 18

About Suncorp

From small beginnings as a Queensland agricultural bank, Suncorp has grown to become Australia's sixth largest bank. Today Suncorp provides term deposits, savings accounts, home loans, personal loans and other financial services to over 800,000 customers through 178 retail outlets, 680 ATMs, 46 Business Centres, online banking and 24-hour call centres. Suncorp's branches are spread mainly throughout Queensland, Victoria and New South Wales, but are expanding into other states.

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