Bonus Interest Savings Account for Kids
Teach kids to save with BOQ’s Kids Savings Account
It’s never too early to teach kids to save! Encourage the right saving behaviour for children under 14 with a children's savings account held in their name.
BOQ's Kids Savings Account will reward your kid's savings efforts with high interest, and also teach them to take ownership of their own account. Your child will receive their very own deposit book and wallet to track their savings. They'll also receive statements in their name, so they can watch their savings grow.
Features and Benefits
- Receive a high rate of interest on your children's savings account
- Your child can make branch deposits, but all other account access by your child is restricted
- Linked parents/ guardians have full access to the account
- Withdraw from the kids savings account once a month and still get bonus interest
- No minimum monthly deposit, so there’s no pressure if life gets in the way
- No monthly account keeping fees
- Easily transition the account to one controlled by your child any time after they turn 14
- Interest is calculated daily and paid monthly^
Interest is variable and subject to change without notice. Calculated daily and paid monthly. The current rates applicable to this account are available on the Today's rates page.
Fees and charges
Please view the terms and conditions listed below on the Terms and Conditions page: