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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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Product Name | BCU Scoot's Super Saver |
---|---|
Maximum Variable Rate | 1.5% p.a. |
Standard Variable Rate | 1.50% |
Monthly Account Fee | $0 |
Minimum Opening Deposit | $0 |
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.
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.