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