CUA Youth eSaver Account

CUA Youth eSaver Account

Maximum Variable Rate


Standard Variable Rate


With no strings attached Australian young people can build their savings rapidly with a high rate of interest and no fees to pay

  • No monthly fee with unlimited electronic transactions
  • For ages 10-17
  • Competitive interest rate

Product details

With no limit on how much you have to deposit, or how little you can withdraw, CUA provides a high rate of interest to its Youth eSaver Account holders. This convenient account is designed for use by young Australians who want to reach their savings goals quickly. Being online, you can enjoy around the clock access to keep track of earnings and make transfers when needed.

Product Name
CUA Youth eSaver Account
Maximum Variable Rate
4.00% p.a.
Standard Variable Rate
4.00% p.a.
Bonus Variable Rate
0.00% p.a.
Monthly Fee
Minimum Opening Deposit
Internet Banking
Internet Transaction Fee
Phone Banking
Minimum Age Requirement
Maximum Age Requirement
Covered by Government Guarantee?
Yes (Up to $250,000 per person, per institution)

What are the features of the CUA Youth eSaver Account?

Savings accounts designed for younger people can be a big help in getting you set up for adulthood. When looking into these types of accounts compare the features amongst various banks to determine which will provide you with the most benefit:


This account is meant for Australians between the ages of 10 and 17 who must be listed as the only account holder. No joint account holders are permitted although a parent or guardian may be given the authority to monitor the account.

Linked account

When you apply for the Youth eSaver Account you will also be prompted to open a CUA Everyday Youth Account so that you can easily make transfers into and out of your online savings account.

Account keeping fees

There are no monthly fees to be paid for this account.


You can make transfers into and out of the account through online and mobile banking as well as over the phone. These are unlimited free transactions that include direct credits and debits, periodical payments and BPAY.

Easy deposit

Family members and friends can make deposits into the account on your behalf without a linked bank account. You are also allowed to deposit money boxes at a branch for no charge.

Interest rates

Your balance earns a highly competitive interest rate for an at call account on balances of up to $5,000. Interest rates are stepped so that any balance above that amount will receive a lower rate of interest.

Interest payments

The interest is calculated on the daily balance and deposited into the account each month. The interest rate is variable, which means it could change according to the movements of the RBA cash rate.

Minimum ongoing balance

You must maintain a minimum balance of one dollar with this account.

Account conversion

Once the account holder reaches their 18th birthday, the Youth eSaver will be automatically converted to an eSaver Plus Account. You can also take a look at other CUA products here.

Launch savings calculator


  • No monthly fee
  • Unlimited electronic transactions
  • Competitive interest rate


  • No counter service

How do I apply for the CUA Youth eSaver Account?

Completing an application for the CUA Youth eSaver Account should take about 10 minutes.

Eligibility to apply

You will be asked to confirm that you meet the eligibility requirements before beginning. These include:

  • Minimum age. Account holders must be between the ages of 10 and 17 for the Youth eSaver Account.
  • Residency requirements. In order to be eligible you must be a permanent resident of Australia and have a residential mailing address.
  • Depository requirements. The minimum opening deposit amount is one dollar in order to activate the account.

Documentation required

You will also be asked to supply certain information as you fill out the online application which can be found on the following documentation:

  • Tax file number. Depending on your circumstance, interest earnings can be taxed as a part of your income. CUA is obligated to withhold tax on interest earnings in some cases, and will use your tax file number (TFN) or exemption code to ensure that they are applying the correct rate.
  • Identification. A primary photo identification document such as a driver’s licence or passport is typically used for identification, but with minors who do not have either of these documents a school ID card or your Australian birth certificate can be used.
  • Third party authority. There is a section on the application that grants a parent or guardian the authority to obtain information about the account if you desire to do so.

What happens after I submit my application?

After submitting the online application you will be notified if any additional information is needed in order for the account to be activated. Once all the details have been confirmation you will receive your account number and deposit instructions so that you may begin earning interest on your savings.

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6 Responses

  1. Default Gravatar
    ToniOctober 21, 2018

    Which ATMs are accessible without a fee?

    • finder Customer Care
      JohnOctober 24, 2018Staff

      Hi Toni,

      Thank you for leaving a question.

      You may visit the Credit Union Australia website and look at the top right hand corner of the page to see the “Find a Branch or ATM” button. Once you have entered your postcode, all CUA affiliated ATMs will reflect which are free of fees. Hope this helps.


  2. Default Gravatar
    AlisonOctober 3, 2018

    I just want to confirm that the card you get with this can be used as a ‘debit card’ for online purchases

    • Default Gravatar
      JoelOctober 3, 2018

      Hi Alison,

      Thanks for leaving a question on finder.

      I can confirm that you can use the CUA Youth eSaver Account to purchase items online.

      Please send me a message if you need anything else. :)


  3. Default Gravatar
    PierceJuly 4, 2017

    Do u still get the 4% p.a. No matter how many withdrawals you make

    • finder Customer Care
      MayJuly 4, 2017Staff

      Hi Pierce,

      Thanks for reaching out.

      With the CUA Youth eSaver Account, the 4% interest p.a. is only applied to balances $0-$5,000. So even if you make withdrawals but if you maintain your balance not more than $5,000, you’d be able to receive the 4% interest. The 1.00% interest p.a. will be applied to that portion of the balance over $5,000.


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