AWA Alliance Bank Youth Saver Account

Earn up to 0.1% p.a. on your savings balance and enjoy fee-free banking with a Youth Saver Account from AWA Alliance Bank.

The earlier in life you start saving, the brighter your financial future will be. The AWA Alliance Bank Youth Saver Account helps kids develop good savings habits from a young age. Available to applicants under 21 years of age, the Youth Saver Account pays a competitive interest rate of 0.1% p.a. on your account balance. This interest-earning power is combined with the convenience of easy, at-call access to your funds, including Internet and phone banking access plus the flexibility of ATM access. There are no monthly or transaction fees attached, ensuring that all the money you put aside goes towards reaching your savings goal.

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0.1% p.a.

Maximum variable rate


Base interest rate

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Product NameAWA Alliance Bank Youth Account
Maximum Variable Rate0.1% p.a.
Standard Variable Rate0.10%
Monthly Account Fee$0
Minimum Opening Deposit$0

Key features

Variable interest rate of 0.1% p.a.

The AWA Alliance Bank Youth Saver Account features a competitive variable interest rate of 0.1% p.a. Please note that this rate is variable and can change at any time according to the official cash rate.

Interest calculated daily

Interest on the AWA Alliance Bank Youth Saver Account is calculated on your daily balance and credited to your account on 30 June and 31 December each year.

Launch savings calculator

How to apply

If the AWA Alliance Bank Youth Saver Account has all the features you're looking for in a savings account, click on one of the "Find out more" links on this page. This will take you to the AWA Alliance Bank website where you can read more about the terms and conditions of the account and find out what you need to do to apply.

However, you cannot apply for an AWA Alliance Bank Youth Saver Account online.

Application options

There are two ways you can apply for this account:

  • Visit a branch. You can visit your nearest AWA Alliance Bank to open an account in person. The bank has two branches in Victoria, in Geelong and Portland, and one location in Mandurah, WA.
  • Complete an online form. You can also get in touch with the bank by completing an online enquiry form via the AWA Alliance Bank website. You will need to provide your name, phone number, email address, preferred contact time and specify the type of account you are interested in.

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