In this guide

  • Our verdict
  • Details
    • Key details
  • Key features
  • How to apply
  • Your reviews
  • Ask a question
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Australian Military Bank Junior Saver

Australian Military Bank Junior Saver Account
Maximum variable rate
0.25% p.a.
Base interest rate
0.25%p.a.

Our verdict

The Junior Saver Account encourages children to develop positive savings habits by providing an array of features.

If you’re over 12 years old you qualify for a Visa debit card. This account does not attract any ongoing monthly fees.

Pros

  • No minimum balance to get started
  • Free Visa debit cards available for kids 12 years and over
  • Unlimited withdrawals

Cons

  • 6 free rediATM transactions p/m
  • 6 free EFTPOS transactions p/m

In this guide

  • Our verdict
  • Details
    • Key details
  • Key features
  • How to apply
  • Your reviews
  • Ask a question

Children up to 17 years old can open an Australian Military Bank Junior Saver Account. You don’t need any minimum balance to get started. The money in your account earns interest in a tiered manner. You get access to funds in your account in different ways.

Details

Key details

Product Name Australian Military Bank Junior Saver Account
Maximum Variable Rate 0.25% p.a.
Standard Variable Rate 0.25% p.a.
Monthly Account Fee $0
Minimum Opening Deposit $0

Key features

Minimum balance

This account does not have any minimum account opening or ongoing balance requirement.

Interest

Interest is available on the whole balance. The bank calculates interest on your account's everyday balance. It pays it out quarterly, at the end of March, June, September and December.


How to apply

Eligibility

You can apply for a Junior Saver Account by visiting any Australian Military Bank branch and you can initiate the process over the phone. To find out the location of your nearest branch, visit the Australian Military Bank website. To apply, you have to meet these eligibility criteria:

  • Maximum age. You are up to 17 years old.
  • Residency requirements. You should be an Australian citizen or a permanent resident of Australia.

Your reviews

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