Young Achiever Savings
Savings and banking solutions for young children and teenagers made simple and easy.
- Base rate
- 1.3%
- Bonus rate
- 1.8%
- conditions apply
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable | 1.3% | — | monthly |
| Bonus | 1.8% | — | monthly |
Fees
| Fee | Type | Amount |
|---|---|---|
| DORMANT_ADMIN_FEE Charged yearly | Ongoing | $20.00 |
| COIN_HANDLING_OVER_$100_FEE over $100 cost $2 per $200 | Event | $2.00 |
| FOREIGN_CHEQUE_DEPOSIT_FEE_<_$25,000 | Deposit | $5.00 |
| FOREIGN_CHEQUE_DEPOSIT_FEE_>_$25,000 | Deposit | $50.00 |
| OVERDRAWN_ACC_FEE | Event | $15.00 |
| PERIODICAL_PYT_OTC Unlimited free if banking relationship is over $50,000 | Event | $2.50 |
| PERIODICAL_PYT_VARIATION_FEE | Event | $3.50 |
| RTGS_(SWIFT)_INCOMING_FEE | Deposit | $8.05 |
Features
- Bonus interest earned for each month if you make no withdrawals during the month and the account has a deposit during that month.
- Digital banking
- PayID
- Real-time payments (NPP)
- Notifications — Track credits with SMS and email alerts
- eStatements available
- No monthly access fee
- Fraud protection
Eligibility
- Residency status — Individuals must be citizens or permanent residents of Australia.
- Maximum age — 18 years
Constraints
- Minimum balance — $1.00
More Information
Published by Geelong Bank under the Consumer Data Right · Last updated 31 May 2026 · Product ID S50 · View on CDR.gov.au · View Source Data (JSON)