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Your first taste of financial freedom
Banking and savings options for under 18s.
ABOUT US

Why choose Great Southern Bank?

We’re customer owned, so our profits go towards delivering better products and services rather than to shareholders. We believe it’s a more transparent way of doing things and why we’ve been trusted by Australians for more than 75 years.

“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.

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What to look for in a kids’ savings account

Opening a kids’ savings account for your child is a huge milestone. But what should you look out for? We explore the things to consider when choosing a youth account.

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What’s the difference between a transaction account and a savings account?

Find out the key attributes of each, and which best suits your needs.

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Important Information

Rates current as at  22 May 2026 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.