Our Children's Savings Account rewards you with bonus interest each month that you make a deposit (of any amount) and no withdrawals. Aimed to help teach children the benefits of regular saving. Available to all members under 18 years of age.
Category: Transaction & Savings Accounts Last Updated November 27, 2023 Effective May 31, 2015
General Lending Rates
Rates listed below are for a product. Additional Information
Interest Rate NA PA
Comparison Rate NAPA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Features
Card AccessAdditional Information: A card is available for the product to access funds
Additional CardsAdditional Information: Additional cards can be requested
Unlimited TxnsAdditional Information: Unlimited free transactions available
Free TxnsAdditional Information: Unlimited free transactions available
Free Txns AllowanceAdditional Information: Unlimited free transactions available
OverdraftAdditional Information: Optional
Digital WalletAdditional Information: A Digital wallet can be attached to the product
Digital WalletAdditional Information: A Digital wallet can be attached to the product
Digital WalletAdditional Information: A Digital wallet can be attached to the product
Digital WalletAdditional Information: A Digital wallet can be attached to the product
Digital WalletAdditional Information: A Digital wallet can be attached to the product
Digital BankingAdditional Information: Access is available to online banking features for the product
Digital BankingAdditional Information: Access is available to online banking features for the product
Npp PayidAdditional Information: This account can be used for PayID
Npp EnabledAdditional Information: This account can be used can to receive funds as a result of a BSB/Number based NPP payment
Bill PaymentAdditional Information: Bpay
NotificationsAdditional Information: SMS alerts available
OtherAdditional Information: Lock, block and control your card
OtherAdditional Information: Business Banking can be attached to the product
Product Eligibility
Max Age - 17. Additional Information: Account only available to members under 18 years old
Residency Status - Australian Citizen Or Permanent Resident.
Bank Fees and Charges
Deposit Periodic (Periodic), Amount: 0.00. Additional Information: 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 withdrawal, Bank@Post deposit, Bank@Post withdrawal, BPAY payment, branch deposit, branch transfer, branch withdrawal, corporate cheque, direct credit, direct debit, EFTPOS cash withdrawal, EFTPOS purchase, internet banking transfer, overseas ATM enquiry, overseas ATM withdrawal, Member Contact Centre transfer or payment, mobile banking transfer, periodical payment, phone banking transfer, Visa debit cash advance, Visa debit purchase. Not all transaction types are permitted on all accounts.
Transaction (Transaction), Amount: 0.00. Additional Information: 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 third parties and 1.00% charged by Credit Union SA
Arrears (Event), Amount: 15.00. Additional Information: 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.
