Kids Savings Account
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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;
# Parental consent is required for Members aged twelve (12) years and under.
† The Account will automatically transfer to a Flex Account (S24) when the Member turns 13 years of age.