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ANZ Progress Saver for Kids

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Kickstart your kids’ savings habits early and enjoy no service or transaction fees with an ANZ Progress Saver account.

With a progress graph on every statement and an attractive interest rate of up to 1% p.a., the ANZ Progress Saver account is designed to get your kids excited about saving from a young age. With no transaction fees for under 18s and no monthly account service fees, it could be ideal for introducing your kids to the concept of saving and earning interest.

1% p.a.

Maximum variable rate

0.01% p.a.

Base interest rate

0.99% p.a.

Bonus interest rate

$10

Minimum deposit

Details

Product NameANZ Progress Saver for Kids
Maximum Variable Rate1% p.a.
Standard Variable Rate0.01%
Bonus Variable Rate0.99%
Monthly Account Fee$0
Minimum Opening Deposit$10

Key features

Up to 1% when you deposit at least $10 per month and make no withdrawals

Earn 0.99% p.a. bonus interest on top of the standard variable rate of 0.01% p.a. when you deposit at least $10 a month into your account and no withdrawals, fees or charges are applied to the account in that month. If these conditions are not met, you will earn the base interest rate of 0.01% p.a.

The base and bonus interest rates are variable and subject to change. Bonus interest is calculated daily and awarded monthly.

$0 Account keeping fees

Enjoy a $0 monthly account service fee.

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How to apply

Eligibility

  • Minimum age. You must be 12 years or older to apply for this account in your name. If your child is under 12, you can open an account in Trust for them.
  • Residency requirements. The account holder must be an Australian resident with a valid residential and mailing address.

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