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- Australian Mutual Bank
- Young Saver Account
Young Saver Account
- 2024 Award Winner
- App banking
- Online banking
Maximum rate p.a.
5.50%
Base rate p.a.
5.50%
Young Saver Account
- 2024 Award Winner
- App banking
- Online banking
Maximum rate p.a.
5.50%
Base rate p.a.
5.50%
RateCity says
"Help your kids develop financial literacy and watch their pocket money grow with this savings account that comes with zero ongoing fees."
Pros and Cons
For Young Saver Account
Benefits
- Maximum interest rate ranked in the best 20% (conditions may apply)
- No ongoing account fees
- No minimum balance
- Winner of Best Kids Savings Account, RateCity Gold Awards 2024
Drawbacks
Australian Mutual Bank Rate Savings Account overview
For Young Saver Account
Account Details
Maximum rate p.a.
5.50%
Minimum age restrictions
Base rate p.a.
5.50%
Maximum age restrictions
17
Maximum rate condition
Not applicable
Minimum opening deposit
$0
Interest calculation method
Tiered
Target Market Determination
Visit Australian Mutual Bank Ltd to view Target Market Determination.
Features
Joint application available
Is online only
Linked account required
Methods of Access
Internet facility
ATM access
Phone facility
Eftpos facility
Branch access
App
App only
Fees
Account keeping fees
$0
Eftpos fee
$0
ATM withdrawal fee
$0
Overseas eftpos fee
$0
Internet transaction fee
$0
Over the counter deposit fee
$0
Phone transaction fee
$0
Over the counter withdrawal fee
$0
