Kids Savings Account
It's never too early to teach kids to save! Encourage the right saving behaviour for children under 14 with a children's savings account held in their name. Make one withdrawal a month and still earn Bonus Interest variable rate. Start earning high interest from the first dollar. Deposit only access for the linked child. Manage the account on your internet banking.
- Base rate
- 0.05%
- Bonus rate
- 1.25%
- conditions apply
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable Variable Base Rate | 0.05% | — | monthly |
| Bonus Calculated daily and paid monthly. | 1.25% | $5000 to less than $49999 | monthly |
| Bonus Calculated daily and paid monthly. | 1.25% | $50,000 and over | monthly |
| Bonus Calculated daily and paid monthly. | 1.25% | $1 to less than $4999 | monthly |
Features
- Kids receive statements in their name, so they can watch their savings grow
- Linked parents or guardians have full access to the account
- Your child can make branch deposits, but all other account access by your child is restricted
- Kids receive their own deposit book and wallet to track their savings
- Receive a high rate of interest on your kid's savings account
Eligibility
- Maximum age — 14 yearsTo apply for a Kids Account (under 14 years of age) the parent/guardian and the account holder (minor) must both be identified
More Information
Published by Bank of Queensland Limited under the Consumer Data Right · Last updated 13 March 2026 · Product ID b5176288-5c03-ee11-8f6e-00224814dce7 · View on CDR.gov.au