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bcu Scoot Super Saver Account

Alison Banney
Alison Banney
Last updated:  

Encourage your kids to save with a Scoot Super Saver Account offering an ongoing interest rate of 1.5%

If you want to teach your child how to save money and grow a bigger balance, the bcu Scoot Super Saver Account is well worth a look. Available to kids under the age of 13, this account pays an ongoing variable interest rate of 1.5% to reward encourage savings. There are no deposit conditions to meet to earn this interest rate.

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Details

Product NameBCU Scoot's Super Saver
Maximum Variable Rate1.5% p.a.
Standard Variable Rate1.50%
Monthly Account Fee$0
Minimum Opening Deposit$0

Key features

A competitive, variable interest rate of 1.5% p.a.

Your child will earn an ongoing interest rate of 1.5% with this account, to encourage them to save. There are no monthly deposit requirements to meet in order to earn the interest, and this rate is available on balances up to $49,999.

No ongoing fees

There is no monthly account-keeping fee charged on the Scoot Super Saver Account, allowing your child to grow their savings balance as quickly as possible.

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How to apply

If you think the bcu Scoot Super Saver Account could be perfect for your child, here is what you'll need to prepare for your application.

Eligibility

If you're the parent, grandparent or guardian of a child aged 12 years or younger and you're already a bcu member, you can open a Scoot Super Saver Account online. If you're not yet a bcu member, you won't be able to apply online, but you can still open a Scoot Super Saver Account for your child by visiting your nearest bcu branch. You'll need to remember to take your child's ID documents with you in order to open an account.

Expert review

Alison Banney

Review by

Alison Banney is the banking and investments editor at Finder. She has written about finance for over six years with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business.

Expert review

There are also no monthly account fees and no minimum deposit requirements, while kids who open an account can also access a range of fun games and educational activities through Scoot’s Zone.

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33 Comments

    Default Gravatar
    Richard
    October 25, 2019

    Looking to open a savings account for my 15 year old. The BCU has a great interest rate but am i right in thinking that it is only till they are 13? If so, what alternative would you recommend?

    Reply
      Default Gravatar
      Ash
      October 26, 2019

      Hi Richard,

      Thanks for contacting Finder.

      There is no minimum age requirement in opening the BCU Scoot’s Super Saver Account but the maximum age to keep the it until 13 years old.

      You may also check this page for the other Savings Account dedicated for Children like your son.

      Please make sure that you’ve read the relevant T&Cs or PDS of this account to help consider whether the product is right for you.

      I hope this helps!

      Cheers,
      Ash

      Reply
    Default Gravatar
    Deepa
    April 9, 2019

    what banks are good for Children funds?

    Reply
      Avatarfinder Customer Care
      Mai
      April 10, 2019

      Hi Deepa,

      Thanks for reaching out.

      This page is one of a bank that you may wish to consider for a child account. You can also compare Children’s and kids’ savings accounts and new born bank accounts.

      Please make sure that you’ve read the relevant T&Cs or PDS of the savings account to help you consider whether the product is what you need.

      Hope this helps.

      Kind Regards,
      Mai

      Reply
    Default Gravatar
    sEBASTIAN
    January 16, 2019

    HI , JUST WONDERING AS I INTEND TO OPEN AN BCU SCOOTS SUPER SAVER ACCOUNT,HOW DO I ACCESS THE MONEY FROM A BCU ACCOUNT, LIKE OVER THE COUNTER AND HOW COULD I DEPOSIT CASH INTO IT ?

    Reply
      Avatarfinder Customer Care
      John
      January 17, 2019

      Hi Sebastian,

      Thank you for reaching out to finder.

      The funds in a bcu Scoot Super Saver Account can be accessed via Internet, mobile and telephone banking. You can also make over-the-counter cheque and cash deposits and over-the-counter withdrawals, while ATM and EFTPOS access are available as well. Six free staff-assisted withdrawal, deposit and transfer transactions are available per month, but a fee applies to ATM transactions. Hope this helps!

      Cheers,
      Reggie

      Reply
    Default Gravatar
    Anna
    December 1, 2018

    Have you got a branch in Northern Tasmania?

    Reply
      Avatarfinder Customer Care
      Jhez
      December 6, 2018

      Hello Clarks,

      Thank you for your comment.

      According to the BCU Find a branch page, there is no store located in Northern Tasmania.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.

      Regards,
      Jhezelyn

      Reply
    Default Gravatar
    Fabian
    September 28, 2018

    Can I open a bank account for an unborned child?

    Reply
      Avatarfinder Customer Care
      Charisse
      September 29, 2018

      Hi Fabian,

      Thanks for reaching out to finder.

      It’s not possible to open a bank account for an unborn child because a birth certificate will be required which shows the child’s gender and date of birth. Such information cannot be confirmed until the baby is born.

      Once the baby is born, as a parent or legal guardian, you can then open an account in your baby’s name along with your name listed on it. You can ask your bank or any bank you are interested in opening an account with, for more information on the required documents and how to go about the process.

      You can go to this page if you are still looking to compare savings account for newborns.

      I hope this helps.

      Cheers,
      Charisse

      Reply
    Default Gravatar
    Nads
    August 29, 2018

    Is there a maximum balance that must be maintained in order to get the higher interest rate?

    Reply
      Avatarfinder Customer Care
      John
      August 29, 2018

      Hi Nads,

      Thank you for leaving a question.

      There is no current maximum balance requirement for the BCU Scoot Super Saver account. You may read the content below on how to get the higher interest rate each month.
      “If your child deposits at least $20 into their account per month and does not withdraw an amount greater than $5 in that same month, they can earn a competitive bonus interest rate on their account balance. In months where these requirements are not met, their balance will still earn interest at the standard variable rate. Interest is calculated on the whole account balance and is paid monthly.” Hope this helps!

      Cheers,
      Reggie

      Reply
    Default Gravatar
    Lorri
    May 7, 2018

    If the account has no transaction fees, why is there a 0.30cent internet transaction fee.
    Also where are your branches in Victoria

    Reply
      Default Gravatar
      Nikki
      May 7, 2018

      Hi Lorri,

      Thanks for your message and for visiting finder – the leading comparison website & general information service built to give you advice in your buying decision needs. How are you doing today?

      To answer your questions:

      If the account has no transaction fees, why is there a 0.30cent internet transaction fee?

      – According to our website, there is NO minimum opening deposit and NO monthly fees. However, it doesn’t show any information of NO TRANSACTION FEE, there is a $0.30 internet transaction fee.

      Also where are your branches in Victoria?

      – Please note that we’re a product comparison website and we do not represent any company we feature on our site. We provide general information on products to assist you in your buying decision process hence we cannot recommend product / service that is rightfully fit for you. You may refer to the BCU website to find the branches in
      Victoria.

      Hope this helps! Feel free to message us anytime should you have further questions.

      Cheers,
      Nikki

      Reply
    Default Gravatar
    Nikki
    April 10, 2018

    Hi Seth,

    Thanks for your message and for visiting finder – the leading comparison website & general information service built to give you advice in your buying decision needs. How are you doing today?

    bcu Scoot’s super saver. Specifically for children under the age of 13, children are paid bonus interest on top of a competitive rate when they meet certain monthly terms. This also doubles as an everyday account, providing easy access to your saved funds.

    In order to be able to open any account from bcu’s list of banking products you will first need to apply for membership. This is done online at the same time as you apply for your selected account or accounts. Online applications can be filled out by individuals aged 16 and older, and you will need to be able to provide an Australian residential address. They will attempt to verify your identity online by using your passport, driver’s licence or Medicare information, and once approved you will be given a call or sent an SMS with your bcu membership and account details. For more information to compare BCU Household Savings, view this page.

    Hope this helps!

    Cheers,
    Nikki

    Reply
    Default Gravatar
    Richard
    April 6, 2018

    Until recently grandparents could open accounts for their grandchildren.
    Now I find that only parents & legal guardians can open accounts for their children. What are the new rules and when did they come into force?

    Reply
      Default Gravatar
      Nikki
      April 6, 2018

      Hi Richard,

      Thanks for your message and for visiting finder – the leading comparison website & general information service built to give you advice in your buying decision needs. How are you doing today?

      Please note that we’re a product comparison website and we hold no affiliation with any company we feature on our site. We provide general information on products to assist you in your buying decision process hence we cannot recommend product / service that is rightfully fit for you.

      If you’re the parent, grandparent or guardian of a child aged 12 years or younger and you’re already a bcu member, you can open a Scoot Super Saver Account online. If you’re not yet a bcu member, you won’t be able to apply online, but you can still open a Scoot Super Saver Account for your child by visiting your nearest bcu branch. You’ll need to remember to take your child’s ID documents with you in order to open an account.

      Hope this clarifies!

      Cheers,

      Nikki

      Reply
    Default Gravatar
    Fempowerment
    February 2, 2018

    If a child is born overseas with an overseas certified birth certificate and Aus citizenship certificate can I as a parent apply for a children’s accuount ?

    Reply
      Default Gravatar
      Ash Munoz
      February 16, 2018

      Hi Fempowerment,

      Thank you for reaching out to us.

      Yes, as a parent you can apply for a BCU Scoot’s Super Saver account for your child even if he’s born in overseas provided that you meet all the eligibility criteria outlined in the “How to Apply” tab above.

      You can also get in touch with BCU if you like to confirm or have some specific questions on account opening.

      I hope this helps.

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

      Cheers,
      Ash

      Reply
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