Bankwest Children's Savings Review, Rates & Information | Finder

Bankwest Children’s Savings Account

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Get your kids on the right savings track early with an account that encourages them to tuck their pocket change away.

Designed for Australian children under the age of 14, the Bankwest Children’s Savings Account pays a competitive rate of interest so that kids can see how fast their money can grow. There are no fees eating away at the savings, and parents are able to quickly access the account through online banking or over the phone.

0.7% p.a.

Maximum variable rate


Base interest rate

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Product NameBankwest Children's Savings Account
Maximum Variable Rate0.7% p.a.
Standard Variable Rate0.01%
Monthly Account Fee$0
Minimum Opening Deposit$0

Key features

Monthly account keeping fee

You will not be charged any account keeping fees with the Children's Savings Account.

Interest rates

The interest rates for this account are variable and tiered to give you the most value for higher balances.

TierInterest rate
$0 to $2,9990.01% p.a.
$3,000 to $9,9990.05% p.a.
$10,000 to $19,9990.3% p.a.
$20,000+0.7% p.a.

Launch savings calculator

How to apply

The Bankwest Children's Savings Account gives you a lot to consider when it comes to setting up your kids' financial future. If you think that these features give you the most benefit, you can apply for the account by visiting a local branch or over the phone.


Before making the trip to Bankwest, check to ensure that you are able to meet the eligibility requirements:

  • Minimum age. Account holders must be aged 14 or younger, while the assigned signatory for the account needs to be at least 18 years of age.
  • Residency requirements. Australian residents who have an Australian residential address can apply.

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