bcu Scoot Super Saver Account

Encourage your kids to save with a Scoot Super Saver Account offering an ongoing interest rate of 1%

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% to reward encourage savings. There are no deposit conditions to meet to earn this interest rate.

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Alison Banney

Last Updated Dec 30, 2020

1.00% p.a.

Maximum variable rate

1%p.a.

Base interest rate

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Product Name	bcu Scoot's Super Saver
Maximum Variable Rate	1.00% p.a.
Standard Variable Rate	1.00% p.a.
Monthly Account Fee	$0
Minimum Opening Deposit	$0

Pros

No account keeping fee
No minimum balance requirement
No ongoing deposit conditions
Phone and internet banking

Cons

Lack of bcu branches in Australia
No bonus interest offered

Review by

Alison Banney

alison.banney@finder.com

Alison Banney is the banking and investments editor at Finder. She has written about finance for more than 8 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.

Key features

A competitive, variable interest rate of 1% p.a.

Your child will earn an ongoing interest rate of 1% 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.

No minimum balance

There are no minimum balance requirements on this account, so your child is free to withdraw as much money as they want to pay for purchases.

Account access

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.

Scoot's Zone

Kids who open a bcu Scoot Super Saver Account can also enjoy access to Scoot's Zone. This online portal provides a wide range of fun games and activities that kids can play while learning about saving money at the same time. They can also develop a savings plan, ask Scoot a question about money or banking and access special deals and discounts at a number of partner retailers throughout the Coffs Harbour (NSW) region. If you like the features of these accounts it might be a good idea to look over some of the other bcu Savings Accounts, including ones designed specially for students, retirees and almost anyone else who wants to save more money.

To see how much interest you will actually earn, in real dollar amounts, you might also consider using a savings calculator to compare accounts in detail.

Launch savings calculator

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.

Documentation needed

If you're applying online, you'll need the following details handy.

Residential address and contact. Full name, address, contact details.
Member details. bcu member number and your relationship to the child.
Birth certificate. A certified copy of your child or grandchild's birth certificate and Medicare card (showing the child's name).

What happens after I submit my application?

bcu will contact you for this documentation after your online application has been submitted. Alternatively, you can arrange for a bcu representative to call you and discuss opening an account. All you have to do is fill out an online form with your name, email address and phone number.

The bcu Scoot Super Saver Account is a great way to teach your child how to manage their money and reward them for developing good money-saving habits. Compare it with other children's savings accounts at finder.com.au to find the right bank account for your little one.

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33 Comments

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
- 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 this account is only available to kids under the age of 13.
  
  You may consider comparing children’s savings accounts for your son. You can use our comparison table to help you find the account that suits him. When you are ready, press the ‘Go to site’ button to apply.
  
  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
Deepa
April 9, 2019

what banks are good for Children funds?

Reply
- finder Customer Care
  
  Mai
  April 10, 2019
  
  Hi Deepa,
  
  Thanks for reaching out.
  
  This page is one of the banks 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. Once you have chosen a particular account, you may then click on the “Go to site” button and you will be redirected to the bank’s website where you can proceed with your application or get in touch with their representatives for further assistance.
  
  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
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
- finder 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
Clarks
December 1, 2018

Have you got a branch in Northern Tasmania?

Reply
- finder 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
Fabian
September 28, 2018

Can I open a bank account for an unborned child?

Reply
- finder Customer Care
  
  Charisse
  September 29, 2018
  
  Hi Fabian,
  
  Thanks for reaching out to Finder.
  
  I’m afraid 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 may refer to our list of baby bank accounts if you are still looking to compare savings account for newborns.
  
  I hope this helps.
  
  Cheers,
  Charisse
  
  Reply

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