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This is an information service. By browsing on the website and/or using our search tools, you are asking RateCity to provide you with information about Savings Accounts from multiple financial institutions. We will try to show you a range of products in response to your request for information. The search results do not include all provider sand may not compare all features relevant to you, for further details refer to our FSCG. The rating shown is only one factor to take into account when considering these products. See the rating methodology We are not a credit provider, and in giving you product information we are not making any suggestion or recommendation to you about a particular credit product. If you decide to apply for a Savings Account, you will deal directly with a financial institution, and not with RateCity.

Children's Savings Accounts

Need some help? Checkout our Savings Accounts Guide

Children's Savings Accounts

Are you trying to find the best way to teach your kids the value of money? If so, the best place to start this exciting learning experience is with a children’s savings account. Children’s savings accounts are very much like ordinary adult online savings accounts, where there are usually a number of key features involved including:

  • Online access
  • An account number
  • Interest rate
  • Statements

Another main feature for children’s savings accounts that is also similar to their parent’s online savings accounts is that most financial institutions offer special conditions and rewards for saving more money. For instance, you may earn a bonus interest rate on top of the base interest rate for a minimum amount of money – such as $20 – deposited into the account each month.

Many children’s savings accounts come with special features that the financial institution offers such as exclusive offers and “club” membership, websites with games and activities, competitions and tips on saving. It’s a great way to encourage your kids to save their money, earn interest and watch it grow. It’s a lesson for a lifetime of good money management. Start browsing from the table above to find your child a savings account today.

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bankmecu
mySaver
0.25%
4%
No end date
Min $10 deposit p/m +no withdrawals p/m
$16.67
monthly
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Maximum rate includes base rate plus bonuses, if applicable. Interest Earned is indicative only, and based on the the maximum interest rate for this product over a one month period. Conditions may apply in both instances.

Consider whether this general financial advice is right for your personal circumstances. You may need financial advice from a qualified adviser. Read our detailed disclosure here.

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