Youth Accounts | Manage Money | Great Southern Bank

Great Southern Bank

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Youth Accounts

Accounts Why us Our awards Managing your money

Your first taste of financial freedom

Banking and savings options for under 18s.

Everyday Youth Account

An everyday account for 10 to 17-year-olds.^{^} Start your journey to financial freedom.

Features

$0 monthly account fee

Unlimited fee-free electronic transactions

Visa Debit card^^

Open in less than 5 minutes

Open an account Find out more

Youth eSaver Account

Start saving for a bright future

$0 monthly account fees

5.50%p.a. interest rate on balances up to $5,000**

Add and withdraw your savings without affecting your interest rate

Comes with an Everyday Youth Account if you're aged 10 to 17^

Interest rate up to $5,000

5.50

p.a.

Interest rate over $5,000

1.00

p.a.

Open an account Find out more

Why we're different

We like to do things a little differently. Here are a few things you can expect from us:

Intuitive tools to help you save smarter, not harder
Flexible loan options to help you pay it off sooner
We've been putting customers first for over 75 years

Find out more

The process was smooth and engaged my child!

Bridget, QLD

Great Southern Bank Customer

Top tips for managing money

Here are some great ways to help kids make more of their finances.

Opening a bank account for your child

Learn about the benefits of setting up a youth account for your little savers, and what to look for when considering a youth bank account.

Five tips to teach your kids the value of money

Teaching your kids some basic financial knowledge will set them on the road to success. To help them learn the value of money, we've prepared some handy tips.

Help your kids save money over the holidays

Whether your kids have a part-time holiday job, or are just doing chores for pocket money, a good interest earning savings account can get their money working just as hard.

Important Information

Rates current as at 07 November 2023 and are subject to change.

Great Southern Bank, a business name of Credit Union Australia Ltd ABN 44 087 650 959, AFSL 238317. Conditions, fees and charges apply. This is general information and does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information, including the Terms and Conditions (T&Cs) booklet, before acting on it. The Financial Claims Scheme may apply to this product; refer to the T&Cs for more information.

Deposits up to $250,000 per account holder are guaranteed by the Federal Government under the Financial Claims Scheme.

^** Rate applies on a stepped basis. Interest paid at 5.50% p.a. on balances up to $5,000, then at 1.00% p.a. on that portion of the balance over $5,000.

^ Great Southern Bank Everyday Youth Account does not earn interest and converts to a Great Southern Bank Everyday Edge Account once you turn 18 years old.

^*Great Southern Bank Youth eSaver account converts to a Great Southern Bank Goal Saver account once you turn 18 years old.

^{^^} Visa Debit cards available only to Australian residents. To view the Target Market Determination for Debit Cards, please click here.