Kids Savings Account
Teach kids to save with a BOQ Kids Savings Account
Teach kids to save with a BOQ Kids Savings Account
Encourage the right saving behaviour for children under 14 with a BOQ Kids Savings Account held in their name. You can reward your kid's savings efforts with high interest, and teach them to take ownership of their own account.
Reward good savings habits with bonus interest for saving, without withdrawing more than once a month*
Balance | Variable Base interest rate % p.a. | Variable Base + Bonus Interest rate % p.a.* |
---|---|---|
$1 to $4,999 | 0.05 | 2.75 (base rate + 2.70% p.a. bonus interest) |
$5,000 to $49,999 | 0.05 | 2.75 (base rate + 2.70% p.a. bonus interest) |
$50,000 and over | 0.05 | 2.75 (base rate + 2.70% p.a. bonus interest) |
Bonus interest will be paid in addition to the base rate if no more than one (1) withdrawal is made during a calendar month. Calculated daily and paid monthly**.
Features | Applicable Fees |
---|---|
Minimum Monthly Balance | Nil |
Account Maintenance Fee | Nil |
Monthly Card Fee (Visa Debit) | Nil |
Teller Withdrawals | Nil |
BOQ ATM/eftpos withdrawals/transfers | 1 free then $0.65 each |
Internet Banking Funds Transfer to your BOQ Account or BPAY | 1 free then $0.30 each |
Single Pay Anyone (Third party BOQ account or other financial institution transfer) |
$0.65 each |
Multi Payment | $1.50 for up to 10 payments then $0.19 for each additional transaction |
~Other fees (including other bank ATM and International Transaction fees) and charges may be payable. Please view the Personal Banking Guide to Fees and Charges for more details.
For important information on the Kids Savings Account, view the Terms and Conditions.
Visit your nearest branch to open a BOQ Kids Savings Account.
Step 1. Download the minor account opening checklist
Step 2. Find your nearest branch
Step 3. Bring your documents and ID along to the branch
BONUS INTEREST VARIABLE RATE FOR BALANCES UP TO $50,000 IF BONUS INTEREST CRITERIA MET**
Our highest interest savings account for 14 to 35-year-olds. Meet the simple criteria to earn the bonus interest and watch your savings soar.
Everyday banking with no monthly account keeping fees
Our simple, intuitive everyday transaction account, made even better for you with user-friendly features that help you make the most of your money.