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  1. Savings Accounts
  2. Kids Saver

Kids Saver
Set smart habits young, let us reward your kids for savings and not spending.

Up to 2.00 %P.A. Variable interest rate1
$ 5 Minimum p/mth deposit
Nil Withdrawals to earn bonus interest
14 & UNDER Available to kids 14 years old and under

Features & benefits

Access bonus interest

Monthly deposit $5 with no withdrawals.

Maximise your savings

Interest calculated daily and paid monthly to get the most out of your money.

$0 opening fees

Pay no fees to open a high interest savings account.

Easily share savings

Easily show your child their savings progress with our mobile banking app.

This savings account may suit you if you:

  • Want to open a savings account for your child, 14 and under.
  • Don’t want a minimum opening balance.
  • Want to teach your child healthy money habits by rewarding them with bonus interest when they deposit a minimum of $5 per month and make no withdrawals during the month.

Rates and fees

Interest rates
Up to
2.00%p.a. Total variable rate1
Base interest rate
(> $0)
1.00% p.a.
Bonus interest rate
($0 > $20,000)
1.00% p.a.
Bonus interest rate
Base rate only
$0 No monthly or
annual fees
$0 Account opening fee
FREE Optional access to a transaction account with no monthly account keeping fee
$0 Balance to open

How to apply

What you’ll need to apply

1Proof of identity documents
Your child’s Birth Certificate, current signed student ID card, Passport etc.

2Contact details
Email address & phone number.

35 minutes of your time
Completing the form takes only 5 minutes. Then submit your application via post including certified copies of appropriate identification documents.

Application process

1Get your documents together

2Complete the application form
You can save and return to your application at any point.

3Count to three
We’ll call you regarding your account within 3 days.

Chat with us

Whether it’s understanding terminology, you’re looking to apply or you have a question about your account we can help you with all your banking questions.

Speak with us today

Monday to Friday - 8.30am to 5.30pm AEST

Call 1300 790 740

Have us call you within 1 business day

Request a call back

How we make savings accounts easier for you



We have options to suit you. Need the flex to withdraw or want to be rewarded to not touching your money? We have a competitive option for each.



Easily manage your Australian Unity accounts on the go with a few taps in our mobile banking app.



As a member-owned bank we focus on our customers, members and the community. We focus on your financial wellbeing through personalised service and competitive rates.



We’ve been helping people with their banking solutions for over 30 years and the Australian Unity Group has been around for 180 years so we’ll be able to help you with your savings needs.

Compare savings accounts

Important information

Fees and charges apply for all transaction, savings and deposit accounts, loans and credit cards which are issued by Australian Unity Bank Limited ABN 30 087 652 079 AFSL/Australian Credit Licence No. 237994. Please refer to Terms of Use before applying for any product. Australian Unity Bank Limited is covered by the Australian Government guarantee on deposits, for more information please view our page.

Any advice does not take into account your personal needs and financial circumstances and you should consider whether it is appropriate for you and read the relevant terms and conditions (including Terms of Use), any Product Disclosure Statement (if applicable) and Financial Services Guide before acquiring any product.

To earn the bonus interest rate, each month you must deposit $5 or more from any account (deposit excludes any interest earned in the Kids Saver account) and not make any withdrawals throughout the month. Balances up to $20k are eligible to earn the bonus interest rate, however any balances above $20k will earn the base variable interest rate only. Interest is calculated daily and paid monthly. A 'month' commences on the first calendar day of a month and concludes on the last calendar day of the same month. The account is only available to new customers aged 14 years and younger. Bonus interest rate offer is limited to 1 account per customer. Bonus interest rate offer is limited to 1 account per customer. Refer to Fees and Charges for more details on fees applicable to the Australian Unity Transaction Account and the Kids Saver Account.

Our Target Market Determinations are available here.