Revolut Kids & Teens Instant Access Savings
No conditions on the rate
A savings sub-account linked to a parent's Revolut Personal Account intended for children aged 6 to 15, earning variable interest on AUD balances. Features and allowances vary based on the parent's subscription plan tier.
- Base rate up to
- 5.30%
- Introductory rate
- None
- Maximum balance
- $699
Rate a year, up to
Rates by balance
| Balance | Base rate |
|---|---|
| Any balance | 5.30% |
Who can open it
- Age to open
- 6 to 18
- Maximum balance
- $699
Limits and conditions
- A parent or guardian must hold an active Revolut Personal Account to create a Kids & Teens sub-account. The Kids & Teens account is linked to and managed by the parent's account.
How it compares
Against the other savings accounts we compare. Typical means the middle half of them.
Most it pays
5.30%
At its best balance, with any bonus. Typical is 3.65%.
Base rate
5.30%
What it pays without a bonus. Typical is 2.40%.
Pros and cons
Pros
- A higher rate. Up to 5.30%, above the typical 3.65%. On $10,000 that's about $530 a year.
- No conditions. You earn the same rate every month, with no deposits to make or withdrawals to avoid.
Cons
- A balance cap. Interest is paid on up to $699, so it suits smaller balances.
- An age limit. Only for people up to 18.
Similar savings accounts
Savings accounts from other banks that pay a similar rate at their best.
- Most it pays
- 5.30%
- Bonus conditions
- None
- Most it pays
- 5.30%
- Bonus conditions
- Yes
- Most it pays
- 5.30%
- Bonus conditions
- None
