The Finance Algorithm
Great Southern Bank logoGreat Southern Bank

Youth eSaver

An online savings account for newborns up to 17 years old to help save for a bright future.

Savings & transaction accountsBank updated 27 Oct 2026
Apply at Great Southern Bank ↗Product page ↗Fees and pricing ↗Terms ↗

At a glance

Base rate
1.00%

Rates

Every rate Great Southern Bank publishes for this account, 2 in all.

TypeApplies toTermBandRateComparisonConditions
VariableInterest is calculated on daily balances and paid monthly. Rate applies on a stepped basis.--up to $5,0005.75%-paid every 1 mo
VariableInterest is calculated on daily balances and paid monthly. Rate applies on a stepped basis.--$5,000+1.00%-paid every 1 mo

Rate changes

One change logged, newest first.

DateRateWasNowChange
27 Oct 2026Variable, up to $5,0005.50%5.75%up 0.25

Each change is logged the night it appears in the rates Great Southern Bank publishes. See how every lender answered the RBA on the rate tracker.

Fees

One fee published, grouped by when they're charged.

While you hold it1

  • Monthly Service Fee

    $0 monthly account keeping fees

    No fee

Features

Instant paymentsPayIDDigital banking
  • Account Nicknames - Add a personal touch to your personal accounts
  • Mobile Banking App. For banking on the go, anywhere anytime from the convenience of your phone.
  • The Boost. If you're looking for a way to achieve your savings goals faster, we've got a clever solution. We call it The Boost, and it'll help you save money as you're spending it!

Eligibility and limits

  • Maximum age 17
  • Residency: You must be an Australian citizen or Australian resident to hold an account with Great Southern Bank
  • Opening balance $1

Published by Great Southern Bank under the Consumer Data Right, last changed by them on 27 Oct 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.