Kids Savings
Transaction & Savings AccountsData Sharing Status
A savings account for under-18s that offers bonus interest for regular savers
- Base rate
- 0.35%
- Bonus rate
- 3.95%
- conditions apply
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable Standard Interest calculated daily and paid monthly. If you do not meet the Bonus Conditions in a calendar month you still earn Standard Interest on daily balances. | 0.35% | — | monthly |
| Bonus Bonus interest - conditions must be met for bonus interest to be paid. · Minimum deposit of $20 per month · Maximum of 1 withdrawal per month | 3.95% | — | monthly |
Fees
| Fee | Type | Amount |
|---|---|---|
| Account keeping fee Charged monthly · No monthly account keeping fees | Ongoing | $0.00 |
| Copy of bank cheque | Event | $12.00 |
| Interest Certificate previous financial year - per certificate issued | Event | $10.00 |
| Physical Security Token Suncorp Bank Secured App (soft token) available at no cost | Event | $20.00 |
| Record search/copy fee (cheques, records, retrieval) per hour | Event | $70.00 |
| Request for Audit Certificate per certificate | Event | $30.00 |
| Stop Payment Request - bank cheques | Event | $15.00 |
| Trace/recall of funds request |
Features
- Unlimited transactions
- Pay $0 account keeping fees
- No minimum balance to earn standard interest
- Digital banking
- Earn Bonus Interest when you deposit at least $20 each month and make no more than 1 withdrawal in the calendar month.
- No maximum balance
Eligibility
- Maximum age — 11-18 yearsWhere the child is aged 11 <18 years, the account can be opened and operated by the child either solely or as a shared account with the parent/guardian.
- Maximum age — 11 yearsWhere the child is under 11 years of age - parent/guardian consent is required to open the account. The parent/guardian will have full access to operate the account and the child cannot transact.
- Individuals onlyAccount owners must be individuals as personal customers for personal use
- Maximum age — 18 yearsAccount owners must be under 18
- Maximum age — 18 yearsOn turning 18 years of age, the accountholder will no longer be eligible to hold a Kids Savings account. We will write to you and convert the account to a Suncorp Bank Everyday Options Account.
- Residency status — Account owners must be residents of Australia
More Information
Published by Suncorp Bank under the Consumer Data Right · Last updated 13 May 2026 · Product ID KS · View on CDR.gov.au