Important disclosure
Kids Bonus Saver < 18
special
Deposit a minimum of $5 per month (pocket money!) without making a withdrawal and earn bonus interest up to 5.55% p.a. on balances up to $5,555.Maximum rate
5.55%*
p.a
Base rate
0.05%
p.a
RateCity says
“Show your kids how their money can grow with the help of this savings account, offering a competitive interest rate and no account keeping fees.”
Pros and cons
For Kids Bonus Saver < 18
Benefits
- Maximum interest rate ranked in the best 20% (conditions may apply)
- Ongoing bonus interest (conditions apply)
- No ongoing account fees
- No minimum balance
First Option Bank Rate Savings account overview
For Kids Bonus Saver < 18
Account Details
Maximum rate 5.55%* p.a | Minimum age restrictions |
Base rate 0.05% p.a | Maximum age restrictions 18 |
Maximum rate condition *Deposit at least $5 per month and make no with... | Minimum opening deposit $0 |
Interest calculation method Tiered | Target Market Determination Visit First Option Credit Union Limited 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 |
- Other Deposit a minimum of $5 per month (pocket money!) without making a withdrawal and earn bonus interest up to 5.55% p.a. on balances up to $5,555.
How to apply
If you'd like to apply for this product or just get more information, follow the application process on First Option Bank.