Commonwealth Bank Youthsaver

The Commonwealth Bank Youthsaver Saving Account is perfect for kids aged 18 years and below. The Commonwealth Bank Youthsaver Saving Account allows your kids to earn bonus interest if they make at least one deposit and no withdrawals each month. You also receive club communications and exclusive offers if you become a regular user of your account. Commonwealth Bank Youthsaver Saving Account has no monthly account fee and withdrawal fees if you use Commonwealth Bank ATMs. With the Student Banking Program, primary school students can bank at school. Schools that are affiliated with the Student Banking Program enter your kid's deposits into user-friendly online banking software that is provided by Commonwealth Bank. The online deposits are balanced and electronically transmitted to the bank. Commonwealth Bank staff also regularly conduct seminars in primary schools to teach kids about the principles and importance of saving money. They also talk with principals and volunteer coordinators about the Student Baking program.

If your kids are under 16 years old, they need to get your permission and a Keycard to open a Commonwealth Bank Youthsaver Saving Account. If you want to do banking transactions for your kids, you can link your Commonwealth Bank account to their account so can have easy access.