The Capricornian Youth Access Account
No conditions on the rate
The award-winning, Youth Access Account is designed for young people up to the age of 16 years, offering a full transactional account, no account service fee and no minimum monthly balance.
- Base rate up to
- 2.25%
- Introductory rate
- None
- Maximum balance
- None published
Rate a year, up to
Rates by balance
| Balance | Base rate |
|---|---|
| $0 to $5,000 | 2.25% |
| $5,000 to $50,000 | 1.75% |
Who can open it
- Age to open
- Up to 16
- Maximum balance
- None published
Who it's for
- You will need to become a member of the Credit Union before we can issue The Capricornian Account and Access Facility to you.
How it compares
Against the other savings accounts we compare. Typical means the middle half of them.
Most it pays
2.25%
At its best balance, with any bonus. Typical is 3.65%.
Base rate
2.25%
What it pays without a bonus. Typical is 2.40%.
Pros and cons
Pros
- No conditions. You earn the same rate every month, with no deposits to make or withdrawals to avoid.
Cons
- A lower rate. Up to 2.25%, below the typical 3.65%, so your savings grow more slowly than in many other accounts.
- An age limit. Only for people up to 16.
Similar savings accounts
Savings accounts from other banks that pay a similar rate at their best.
- Most it pays
- 2.25%
- Bonus conditions
- None
- Most it pays
- 2.25%
- Bonus conditions
- None
- Most it pays
- 2.25%
- Bonus conditions
- None
