Best kids savings account

The top-rated savings accounts for the little savers. Assumes monthly deposits of $50 from age five to 17 inclusive.

Ranking
Product
Maximum rate
Company
Base rate
Maximum monthly interest
Total interest earned
1
1 position up today

1.00%

CUA

1.00%

$4.2

$95.3

2
1 position up today

1.80%*

Police Bank

0.50%

$7.5

$172.1

3
1 position up today

0.30%*

First Option Bank Ltd

0.15%

$1.3

$28.5

4
1 position up today

1.80%

Newcastle Permanent

1.80%

$7.5

$172.1

5
1 position up today

1.55%*

Teachers Mutual Bank

0.10%

$6.5

$148.1

6
1 position up today

1.55%*

UniBank

0.10%

$6.5

$148.1

7
3 position down today

1.40%

Greater Bank

1.40%

$5.8

$133.7

8
8 position down today

1.55%*

Firefighters Mutual Bank

0.10%

$6.5

$148.1

9
1 position down today

1.50%*

Credit Union SA

0.05%

$6.3

$143.3

10
1 position down today

0.50%

Endeavour Mutual Bank

Gold Award Winner 2020

0.50%

$2.1

$47.6

11
1 position down today

0.50%

Sydney Mutual Bank

Gold Award Winner 2020

0.50%

$2.1

$47.6

12
1 position down today

1.25%

First Choice Credit Union

1.25%

$5.2

$119.3

13
1 position up today

1.25%*

People's Choice Credit Union

0.25%

$5.2

$119.3

14
1 position down today

1.00%*

Commonwealth Bank of Australia

0.10%

$4.2

$95.3

15
2 position down today

1.00%*

Westpac

0.55%

$4.2

$95.3

16
1 position down today

1.00%*

Queensland Country Bank

0.01%

$4.2

$95.3

17
1 position down today

1.00%

Beyond Bank Australia

1.00%

$4.2

$95.3

18
1 position down today

1.25%*

Bank Australia

0.01%

$5.2

$119.3

19
1 position down today

0.65%*

IMB Bank

-

$2.7

$61.9

20
1 position down today

0.75%

Bank First

0.75%

$3.1

$71.4