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- Bank WAW
- Youth Saver
Youth Saver
- Bonus interest with conditions
- App banking
- Online banking
- Linked account required
Maximum rate p.a.
4.50%*
Base rate p.a.
0.75%
Youth Saver
- Bonus interest with conditions
- App banking
- Online banking
- Linked account required
Maximum rate p.a.
4.50%*
Base rate p.a.
0.75%
Pros and Cons
For Youth Saver
Benefits
- Better than average maximum interest rate
- Ongoing bonus interest (conditions apply)
- No ongoing account fees
- No minimum balance
Drawbacks
- Only available with linked transaction account
Bank WAW Rate Savings Account overview
For Youth Saver
Account Details
Maximum rate p.a.
4.50%*
Minimum age restrictions
13
Base rate p.a.
0.75%
Maximum age restrictions
25
Maximum rate condition
*Deposit $50 and make no withdrawals each month
Minimum opening deposit
$0
Interest calculation method
Whole Balance
Target Market Determination
Visit Bank WAW 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
Overseas eftpos fee
$0
Internet transaction fee
Over the counter deposit fee
Phone transaction fee
Over the counter withdrawal fee
Other Restrictions
Upon reaching the age of 26 the account will be changed to an S51 Everyday Saver account. Any cash withdrawal is limited to a maximum of $1,000 per day unless notice has been received 24 hours prior. Fees may apply to requests for amounts in excess of $15,000.
