Credit Union SA
Children's Savings Account
Our Children’s savings account is for anyone under the age of 18 wanting an account to save or spend. The account rewards good savings behaviours and pays bonus interest if no withdrawals are made and if a deposit is made each month.The account pays interest on up to $50,000 and any amount above this will not earn interest.
Savings & transaction accountsBank updated 29 June 2026
At a glance
- Base rate
- 0.05%
- Bonus rate
- 4.30%
- Up to
- 4.35%
§ 01 — Rates · 2
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Bonus | — | — | — | 4.30% | — | paid every 1 mo; Bonus interest applies each month you make a deposit (of any amount) and no withdrawals. The portion of any balance above $50,000 will not receive bonus interest. |
| Variable | — | — | — | 0.05% | — | paid every 1 mo |
§ 02 — Fees · 4
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Arrears | Event | $15 | — | Payable whenever we send you a letter because you do not make a repayment in full on or before the due date and the default continues for 3 days or more. |
| Currency Conversion | Event | 3.00% of transaction | — | — |
| Deposit Periodic | Periodic | No fee | — | Where permitted by the account terms and conditions, you can perform unlimited transactions of the following types and we will not charge you a transaction fee: ATM enquiry, ATM transfer, ATM withdra… |
| Transaction | Transaction | No fee | — | Payable when you perform a transaction in a currency other than Australian dollars using a Visa card. This fee is included in the AUD amount debited to your account and comprises 2.00% charged by thi… |
§ 03 — Features
Instant paymentsPayIDDigital bankingUnlimited transactionsApple PayGoogle PayGarmin PaySamsung Pay
- · Round-ups (destination account)
- · Lock, block and control your card
- · Business Banking can be attached to the product
§ 04 — Eligibility & limits
- · Maximum age 17
§ 05 — Compare
§ 06 — Run the numbers
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Published by Credit Union SA under the Consumer Data Right, last changed by them on 29 June 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.