Great Southern Bank Youth eSaver
No conditions on the rate
An online savings account for newborns up to 17 years old to help save for a bright future.
5.75%
a year, up to
- Base rate up to
- 5.75%
- Introductory rate
- None
- Maximum balance
- None published
Rates by balance
| Balance | Base rate |
|---|---|
| $0 to $5,000 | 5.75% |
| $5,000 and over | 1.00% |
Who can open it
- Age to open
- Up to 17
- Maximum balance
- None published
How it compares
Against the other savings accounts we compare. Typical means the middle half of them.
Most it pays
5.75%
At its best balance, with any bonus. Typical is 3.65%.
Base rate
5.75%
What it pays without a bonus. Typical is 2.40%.
Pros and cons
Pros
- A higher rate. Up to 5.75%, above the typical 3.65%. On $10,000 that's about $575 a year.
- No conditions. You earn the same rate every month, with no deposits to make or withdrawals to avoid.
Cons
- An age limit. Only for people up to 17.
Similar savings accounts
Savings accounts from other banks that pay a similar rate at their best.
- Most it pays
- 5.75%
- Bonus conditions
- Yes
- Most it pays
- 5.75%
- Bonus conditions
- Yes
- Most it pays
- 5.65%
- Bonus conditions
- None
