Border Bank Dynamo Kids Savings Account

Be a savings dynamo with this educational and rewarding kids saving account.

The Dynamo Kid’s Savings Account a special purpose savings account for children. It’s low on fees, rewards savers with bonus interest and makes saving fun for kids. This account has a tiered rate of interest. Maintain a balance of more than$500 and deposit at least $20 a week to earn up to 1.7% p.a. interest. This account is a rewarding and educational way to teach kids about saving for a goal.

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1.7% p.a.

Maximum variable rate

0.4%p.a.

Base interest rate

$20

Minimum deposit

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Details

Product NameBorder Bank Kid's Dynamo Account
Maximum Variable Rate1.7% p.a.
Standard Variable Rate0.40%
Monthly Account Fee$0
Minimum Opening Deposit$0
Minimum Age12

Key features

Interest

This account has a tiered interest structure. For example, an account with a $1,000 balance is subject to two interest rates. Balances $0 - $499 accrue interest at 0.25% p.a. Balances greater than $500 are rewarded with 0.4% p.a. interest.

Bonus interest

Earn more interest by making regular deposits. Deposit just $20 every month and make no withdrawals and Border Bank offer an extra 1.3% p.a. interest. The maximum interest rate you can earn when you meet the bonus interest conditions is a competitive 1.7% p.a..


How to apply

Visit Border Bank website to start an online application for the Border Bank Dynamo Kid's Savings Account. You have to be under the age of 18 to apply for this account. If this is you, the application can be completed in under 10 minutes.

Have the following information on hand to complete the online application.

Identification

Basic personal contact information is required to apply for this account. Enter your name, date of birth, email, residential address and contact number.

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