Flex Savings Account (for ages 13-17)

Save money for a bright future ahead with our Flex savings account!

Bonus Interest
Deposit just $5 a week to receive a bonus rate of interest to accelerate savings^.
No monthly account keeping fees
Quick and easy deposits
Quick and easy deposits through Bank@POST™ and Police Bank Branches or Periodical Payments can be set up as a savings plan
Easy access
Link with our Safeguard Account providing ATM access with a Visa Debit Card, with no overdrawn facilities for added safety. Also access via Internet Banking and Redidial Telephone Banking# to view transactions and act on account.
Contributes to Reduced Fees Program
Simply maintain a combined monthly balance of $5000 or more worth of savings, investments or loans and you will receive more fee free ATM and EFTPOS transactions as well as qualify for fee rebates.
Flex Account available for 13-17 years of age.^†
Prior to the Member turning 18 years of age, we will contact them to discuss transferring their Flex Account to another applicable account.

Australia has the strongest banking regulatory system in the world – all banks, building societies and credit unions meet exceptionally high standards on capital, liquidity, risk management and governance as set down by the regulator, APRA. Under the Banking Act deposits in all Australia’s banks, building societies and credit unions are safe.

Terms & Conditions

Effective Date 31/10/18. The Flex Account is available for 13-17 years of age.

*The $30 bonus and portable charger offer is available for Flex Accounts opened between 31/10/18 to 31/1/19 and available to the first 300 new Members who apply during the campaign dates. $30 will be deposited within a month of the Flex Account opening. Offer only available for new Members who open a Flex Account. Offer not available in conjunction with any other offer and can be withdrawn at any time.

^Initial interest rate is 0.25% p.a., increasing to 1.25% p.a. if the account has a balance of $500 or more. An additional bonus interest rate of 1.75% p.a. applies if a minimum of $20 is deposited into the account per month and no withdrawals are made within the month. Interest rates are current as at 31/10/18 and are
subject to change.

^†Prior to the Member turning 18 years of age, we will contact them to discuss transferring their Flex Account to another applicable account.

Savings

Reduced Fees Program

Schedule of Fees and Charges (PDF)

Financial Services Guide (PDF)