For under 18s
Bonus interest rate
No monthly fee

Tailored exclusively for our young Members under the age of 18, the Student Money Saver actively rewards our youngest Members with a bonus interest rate achieved by depositing at least $5 per calendar month while not making more than one withdrawal. The Student Money Saver provides a great introduction to the benefits of saving and accruing interest and establishes an understanding of the importance of responsible banking.

Features

  • No monthly account service fee*
  • Bonus interest rate achieved by depositing at least $5 per calendar month while not making more than one withdrawal
  • To help you save, funds can only be withdrawn by transferring to another account or visiting a branch
  • Access your funds 24/7 via internet banking, mobile app and phone banking#

Rates & Fees

Base interest rate 0.15Interest rate
Bonus interest rate 4.25Interest rate
Total interest (all conditions met) 4.40Interest rate
To achieve the bonus rate of interest you must deposit at least $5 in a calendar month and make no more than one withdrawal in the same month. Interest is calculated daily and paid monthly; based on the daily closing balance at the applicable interest rate. Effective Thursday 23 November 2023
Fees
Monthly fee $0
Transaction fees Fees may apply. Please read our Fees and Charges brochure to learn more.

Interest rates up to

4.40 Percent per annum

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The fine print

*Refer to our Fees and Charges brochure for information on transactions which do not incur a fee, and information on transactions which may attract fees and charges.

Any person under 13 years of age requires a parent or guardian to open the account as an authorised person. The Student Money Saver account must be opened in the child’s name. Whilst transactions should generally be performed online, if transactions do occur in branch they will require the signature of the authorised parent/s or guardian/s.

# Internet banking and mobile app access for Members under the age of 13 is restricted to view only. Authorised parents and/or guardians are permitted full access.

Please be aware that interest rates may change at any time without agreement. All interest rates quoted are per annum. Fees and charges are payable.

Before acquiring this product, the information above should be read in conjunction with the following documents to determine if this product is right for you: Financial Services Guide; Target Market Determination; Personal Savings and Transaction Accounts brochure; Account and Access Facility Conditions of Use and Deposit Interest Rate Schedule.