Kids savings account
Up to
Variable rate
Why choose a Scoot Super Saver?
Just for kids
A savings account suitable for children aged 0 to 12.
Manage account online
Easy account management using digital banking – for the adults, of course.
Earn interest
A tiered and competitive variable interest rate.
No fees
With no monthly or ongoing fees, every dollar in the account can help teach your child the value of money.
The features don't stop there
- No minimum balance or opening amount required.
- Parents and guardians can manage the account using the BCU Bank app and internet banking. Payments made with PayID or using Osko are received in near real-time.
- A range of fee-free transactions including credits and debits.
Rates and fees
Interest rates
| Account balance | Interest rate | Interest calculated | Interest credited |
|---|---|---|---|
| Under $50,000 | 2.50% p.a. | Daily | End of month |
| Over $50,000 | 1.40% p.a. | Daily
|
End of month |
| The basics | |
|---|---|
| Monthly fee | $0 |
| Minimum monthly balance | No |
| Everyday transactions | |
|---|---|
| Internet banking and mobile app transfers by parent or guardian | Free |
| Direct debits and direct credits | Free |
Other fees and charges may apply. See all fees and charges for transaction and savings accounts.
Open an account in person at a branch
We’d love to see you in person. Visit your nearest BCU Bank branch to open an account for your child. Kids accounts can’t be opened over the phone as we need to sight original documents in person.
Some more information:
- The child must be under 12 years of age.
- A birth certificate or Australian passport in the child’s name.
- The parent or legal guardian must provide their own Australian driver licence or passport.
- To link the parent or guardian to the child, a birth certificate is required – even if a passport is also provided. If a birth certificate isn’t available, legal guardianship documents can be used instead.
Not sure what to use to prove legal guardianship? Find out what documents we accept.
Need more information?
Contact us on 1300 228 228, we'll be happy to help.
Please be prepared with the following documents when you visit the branch to open a Scoot Super Saver.
- Child's birth certificate or an Australian passport in the child's name along with proof of legal guardianship.
- Parents or legal guardians will need to provide a driver licence or Australian passport in their own name.
- To link the parent or guardian to the child, a birth certificate is required – even if a passport is also provided. If a birth certificate isn’t available, legal guardianship documents can be used instead.
Not sure what to use to prove legal guardianship? Find out what documents we accept.
Alternative identification documents are available for anyone who:
- is a non-resident.
- doesn't have an Australian photo identity document.
Handy hint: If your child earns more interest than the limit set by the ATO, they'll need to pay tax. To avoid this, provide your child's tax file number if available.
Open an account in person at a branch
We’d love to see you in person. Visit your nearest BCU Bank branch to open an account for your child. Kids accounts can’t be opened over the phone as we need to sight original documents in person.
Some more information:
- The child must be under 12 years of age.
- A birth certificate or Australian passport in the child’s name.
- The parent or legal guardian must provide their own Australian driver licence or passport.
- To link the parent or guardian to the child, a birth certificate is required – even if a passport is also provided. If a birth certificate isn’t available, legal guardianship documents can be used instead.
Not sure what to use to prove legal guardianship? Find out what documents we accept.
Need more information?
Contact us on 1300 228 228, we'll be happy to help.
Please be prepared with the following documents when you visit the branch to open a Scoot Super Saver.
- Child's birth certificate or an Australian passport in the child's name along with proof of legal guardianship.
- Parents or legal guardians will need to provide a driver licence or Australian passport in their own name.
- To link the parent or guardian to the child, a birth certificate is required – even if a passport is also provided. If a birth certificate isn’t available, legal guardianship documents can be used instead.
Not sure what to use to prove legal guardianship? Find out what documents we accept.
Alternative identification documents are available for anyone who:
- is a non-resident.
- doesn't have an Australian photo identity document.
Handy hint: If your child earns more interest than the limit set by the ATO, they'll need to pay tax. To avoid this, provide your child's tax file number if available.
Because we're here to help
Find your local branch
You’ll find us from Maroochydore to Port Macquarie – drop in and say hi!
Talk to the team
Got a question? Call us on 1300 228 228, pop into your local branch, or chat to us online.
Get answers online
Check out our how-to guides, search our FAQs, and find support services.
Got a question about savings accounts?
We welcome you to visit any one of our branches which are located from Maroochydore in Queensland's south through to Port Maquarie in northern New South Wales.
You can use our branch locator to find your nearest BCU branch.
Remember, there are a wide range of actions you can undertake in the mobile app or internet banking for your convenience.
Please contact us on 1300 228 228 if you'd like to speak to a team member.
The interest on a savings accounts is calculated on your daily balance and is credited to your account on the last day of every month. This means that every deposit you make throughout the month will earn interest from that day onwards.
Bonus interest, if applicable to your account, will also be calculated on your daily balance in line with the bonus interest conditions for your account.
You can deposit coins at most BCU branches, however some locations are cashless.
Please check for available services using our BCU Branch Finder.
Important information
Banking and Credit products issued by Police & Nurses Limited (BCU Bank).
Any information on this website is general in nature and does not consider your personal needs, objectives or financial situation. Our rates are current as of today and can change at any time. Credit eligibility criteria, terms and conditions, fees and charges apply.
Read the relevant product terms and conditions before deciding if a product is right for you.
No more than one Scoot Super Saver account can be held per child.
A parent or guardian must open the account on the child’s behalf in the child’s name and must be a signatory on the account.