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Suncorp Kids Savings Account

Advertiser disclosure
Interest rate
0.55% p.a.(for $0 and over)
Maximum rate
0.95% p.a. (for $0 and over)
Govt deposit guarantee
Yes up to $250,000

Mozo editorial review Suncorp Kids Savings Account

Last updated: 13 November 2020.

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What's hot
  • One free monthly withdrawal
  • No account fees
What's not
  • 0.55% standard rate
Mozo snapshot

Kiddie bank accounts are few and far between, so it is just great to see Suncorp offering one. The 0.95% 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.

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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 gives kids a 0.95% bonus interest rate. If these conditions are not met, the rate drops to a paltry 0.55% - 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. 

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Who is it 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.

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Any catches

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

Details

Rates and fees information correct as at 15 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: 0.55% p.a.

  • Balances from $0: 0.95% p.a.

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

Fees
  • $0.00

  • n/a

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

  • n/a

  • n/a

  • n/a

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $0.00

  • n/a

Other financial bits
  • $0.00

  • $0.00

  • Monthly

Features
  • no

  • none

  • no

  • no

  • no

  • yes

  • no

  • yes

  • yes

  • no

  • no

  • none

  • none

  • Under 18

Customer Reviews

How are Suncorp savings accounts rated by the Mozo community?

Overall
8.0/10
Price
7.3/10
Features
6.9/10
Customer service
8.1/10
Convenience
8.0/10
Trust
8.0/10

Latest reviews of Suncorp Kids Savings Account

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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.

See Suncorp savings accounts