In this guide

  • Review
  • Details
    • Key details
  • Key features
  • How to apply
  • Compare other savings accounts
  • Your reviews
  • Ask a question

Bendigo Bank PiggySaver Account

  • Alison Banney's headshot

Updated
Bendigo Bank PiggySaver Account
Maximum variable rate
3.70% p.a.
Base interest rate
3.70% p.a.

Summary

Teach your child effective savings habits from a young age with this account.

Customised for the youngest Australians, the PiggySaver Account helps to get them on the right track when it comes to saving. They’ll love the free money box and birthday rewards that come with banking their extra money, and you’ll like the competitive interest rate that they earn on it.

Pros

  • No monthly account keeping fee
  • Competitive interest rate
  • Access to hundreds of branches in Australia

Cons

  • No linked Visa debit card access

In this guide

  • Review
  • Details
    • Key details
  • Key features
  • How to apply
  • Compare other savings accounts
  • Your reviews
  • Ask a question

Details

Key details

Product Name Bendigo Bank PiggySaver Account
Maximum Variable Rate 3.70% p.a.
Standard Variable Rate 3.70% p.a.
Monthly Account Fee $0
Minimum Opening Deposit $1

Key features

Monthly account keeping fee

You are not charged any monthly account fees with the PiggySaver Account.

Transaction fees

You are allowed unlimited and free access to this account using phone and internet banking.

Launch savings calculator

How to apply

This account can be applied for by visiting your local branch, calling them, or by filling out an online enquiry form which you can access online.

Eligibility

This form will allow you to schedule an appointment to apply for the account at your convenience. Before you begin, you should ensure that you are able to meet the following eligibility requirements:

  • Minimum age. The PiggySaver Account can only be opened in the name of an individual who is under 12 years of age.
  • Residency requirements. You must be an Australian resident with a residential address in order for your application to be accepted.

Compare other savings accounts

1 - 12 of 183
Updated regularly
Name Maximum Variable Rate p.a. Base interest rate Intro/Ongoing Government Guarantee Monthly Max Rate Conditions
Bank of Queensland Smart Saver Account - 36+ years
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 Deposit $1,000
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 Aged 36+? You can earn 5.15% p.a. on balances up to $250,000 when you meet the account conditions each month.
Ubank Save Account
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BCU Boss Saver
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 Deposit $500
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 Earn an ongoing 5.1% p.a. when you deposit $500 per month and make 5+ card payments from your BCU Access Account each month. You can make withdrawals and still earn bonus interest.
Rabobank High Interest Savings Account
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Standard Variable Rate p.a.
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 Earn a high interest rate of 5.6% for the first 4 months and then 4.35% thereafter, with $0 account keeping fees and no monthly balance requirements.
ING Savings Accelerator ($150,000 - $500,000)
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Maximum Variable Rate p.a.
5.40%
Standard Variable Rate p.a.
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Intro/Ongoing
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 Welcome rate applies up to $500K Go to siteView details
 Ideal for higher balances, savers can earn up to 5.4% for the first 4 months and up to 4.7% thereafter. There are no conditions and $0 account-keeping fees.
Westpac Life
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Maximum Variable Rate p.a.
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Standard Variable Rate p.a.
1.85%
Intro/Ongoing
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 Make a deposit
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Keep the balance above $0 at all times
Go to siteView details
Suncorp Bank Growth Saver Account
Suncorp Bank logo
Maximum Variable Rate p.a.
5.05%
Standard Variable Rate p.a.
0.35%
Intro/Ongoing
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Government Guarantee
 Grow balance by $200 each month (excl. interest)
Only 1 withdrawal
No balance limit on earning interest

Go to siteView details
 Get a solid interest rate on your entire balance, with minimal conditions in order to get the max rate. This account doesn’t offer card access but you can make 1 withdrawal per month & grow your net balance by $200 (excl. interest) to earn the max rate.
Macquarie Savings Account
Macquarie Bank logo
Maximum Variable Rate p.a.
5.35%
Standard Variable Rate p.a.
5.00%
Intro/Ongoing
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Government Guarantee
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Westpac Bump Savings Account
Westpac logo
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
2.00%
Intro/Ongoing
Ongoing
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 Make a deposit
Grow balance
Keep balance above $0 		Go to siteView details
Newcastle Permanent Smart Saver Account
Newcastle Permanent logo
Maximum Variable Rate p.a.
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Standard Variable Rate p.a.
0.05%
Intro/Ongoing
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ING Savings Maximiser
ING logo
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.55%
Intro/Ongoing
Ongoing
Government Guarantee
 Deposit $1,000
5 transactions
Grow your balance
Balances up to $100,000 		Go to siteView details
Westpac Life (18-29 year olds only)
Westpac logo
Maximum Variable Rate p.a.
5.20%
Standard Variable Rate p.a.
1.85%
Intro/Ongoing
Ongoing
Government Guarantee
 Make a deposit
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5 debit card purchases
Balances up to $30,000
Go to siteView details
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Showing 12 of 14 results
Sources
  1. Bendigo Bank PiggySaver Account information page
  2. Bendigo Bank PiggySaver Account TMD

Your reviews

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Ask a question

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Alison Finder

Editorial Manager, Money

Hi there, looking for more information? Ask us a question.

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E

September 28, 2022

Hi, what are the birthday rewards between ages 4-10? My daughter has had the account for years between these ages and never received a birthday reward. Thank you.


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Alison Banney Finder

October 29, 2022

Hi Eve,


You may want to get in touch with Bendigo directly to confirm details and determine whether your child is eligible for gifts or not.


Regards,

Alison


Avatar

Andrea

March 13, 2018

Does this kids account come with a debit card?


Avatar

Ash Munoz

March 20, 2018

Hi Andrea,


Thank you for reaching out to us.


The Bendigo Bank PiggySaver Account does not have a debit card to come with. You may withdraw by transferring the funds to another Transaction account through BPAY, Pay Anyone and telegraphic transfers.


I hope this helps.


Please do not hesitate to reach out to us again if you have additional questions.


Cheers,

Ash


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Nicky

September 08, 2016

Hi I recently opened a piggysaver for my niece and never got the money box. Does it get posted or was I suppose to receive when I opened the account


Avatar

Clarizza Fernandez Finder

September 13, 2016

Hi Nicky,


Thanks for your question and apologies for the delay. I have been in contact with Bendigo and they have confirmed that you should have received the money box when you opened the account. If you have not yet received it, we recommend contacting Bendigo bank directly.


Regards,

Clarizza


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Avatar

Alison Banney

Editorial Manager, Money

Alison is an editor at Finder and a personal finance journalist with over 10 years of experience, having contributed to major financial institutions and publications such as Westpac, Money Magazine, and Yahoo Finance. She is frequently quoted in media outlets like SmartCompany and SBS, offering expert insights on superannuation and money management. Alison holds a Bachelor of Communications in Public Relations and Journalism from the University of Newcastle, and has earned three ASIC RG146 certifications in superannuation, securities and managed investments and general financial advice, ensuring her expertise is fully aligned with ASIC standards. See full profile

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