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Suncorp Kids Savings Account

Interest rate
0.90% p.a.(for $0 and over)
Maximum rate
1.45% p.a. (for $0 and over)

Mozo editorial review Suncorp Kids Savings Account

Last updated: 25 June 2020.

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What's hot
  • One free monthly withdrawal
  • No account fees
What's not
  • 0.90% standard rate
Mozo snapshot

Kiddie bank accounts are few and far between, so it is just great to see Suncorp offering one. The 1.45% 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 1.45% bonus interest rate. If these conditions are not met, the rate drops to a paltry 0.90% - 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 16 July 2020. 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 $0: 1.45% 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 customer rating
8.0/10
Price
7.2/10
Features
6.9/10
Customer service
8.1/10
Convenience
8.0/10
Trust
8.0/10

Latest reviews of Suncorp Kids Savings Account

  • Overall 10/10
    absolutely awesome bank

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

    Read 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 over 2 years ago
  • Overall 7/10
    Great customer service

    The staff are extremely helpful and friendly

    Read 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 over 4 years ago
  • Overall 7/10
    Somewhat competitive

    Good and helpful.

    Read 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 almost 5 years ago
  • Overall 10/10
    Great for teens or kids!

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

    Read 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 almost 5 years ago
  • Overall 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 features, and made the ID and setting all up a cinch, a delight actually. Awesome product features also.

    Read 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 almost 5 years ago
Suncorp

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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