Deposit just $5 a week to receive a bonus rate of interest to accelerate savings*.
Kids Savings Account
Important: When applying, use Campaign ID: KIDSEASTER19 to receive your bonus $15~.
Enter Dynamo’s website, full with saving tips and games for kids to make saving fun!
Australia has the strongest banking regulatory system in the world – all banks (including Police Bank), 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 (including Police Bank), building societies and credit unions are safe.
Terms & Conditions
*Bonus rate of interest applies if no withdrawals and a minimum deposit of $20 are made within a month.
^ A child 12 years of age and under may be issued with a Visa Debit Card to their account in their name, provided they have been given permission to be an Authority to Operate on the account by the adult concerned. A Visa Debit Card can be issued in the name of the parent or guardian acting as Authority to Operate at any time;
~ Effective date 12/4/19. Offer available for Dynamo Kid’s saving accounts opened between 12/04/2019 to 12/04/2020. $15 will be deposited within a month of the Dynamo Account opening. The Dynamo Kid’s Saving Account is available up to 12 years of age which will automatically transfer to a Flex Account (S24) when the Member turns 13 years of age. The Account will automatically transfer to a Bonus Saver Account (S23) when the Member turns 18 years of age. We reserve the right to withdraw this offer at any time. Offer only available for new Members who open a Dynamo account. Offer not available in conjunction with any other offer. The offer is only available for a maximum of 200 accounts. A Financial Services Guide (FSG) including terms and conditions is available at all Branches, on our website and upon request.
# Parental consent is required for Members aged twelve (12) years and under.
† The Dynamo Kid’s savings account is available for Members aged 12 years and below and will automatically transfer to a Flex savings account when the Member turns 13 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.