Credit Union SA Children's Savings Account
For kids
Our Children’s savings account is for anyone under the age of 18 wanting an account to save or spend. The account rewards good savings behaviours and pays bonus interest if no withdrawals are made and if a deposit is made each month.The account pays interest on up to $50,000 and any amount above this will not earn interest.
- Overseas spending fee
- 3%
- Overseas ATM fee
- Not published
- Digital wallets
- Apple, Google, Samsung
Monthly fee
Not published
Features
- Debit card
- Yes
- Apple, Google or Samsung Pay
- Apple Pay, Google Pay, Samsung Pay
- PayID
- Yes
- Overdraft available
- Not listed
Who can open it
- Age to open
- Up to 17
How it compares
Against the other everyday accounts we compare. Typical means the middle half of them.
Overseas spending fee
3%
Of what you spend in another currency. Typical is 3%.
Pros and cons
Pros
- Pays interest. 0.05% on your balance, which most everyday accounts don't.
- PayID. People can pay you with your phone number or email instead of a BSB and account number.
- Phone payments. Works with Apple Pay, Google Pay and Samsung Pay, so you can pay with your phone or watch.
Cons
Nothing stands out.
Similar accounts
Everyday accounts from other banks with similar fees.
- Monthly fee
- $14
- Overseas spending fee
- 3.5%
- Monthly fee
- $10
- Overseas spending fee
- 3.5%
- Monthly fee
- $10
- Overseas spending fee
- None
