Suncorp Kids Savings Summary
Description
A savings account for under-18s that offers bonus interest for regular savers
Benefits
- No monthly savings-account fee.
- No upper balance cap in the reviewed ongoing pricing.
Hoops
- Available up to age 17.
- For bonus interest, deposit at least $20 each month. Check the full requirements below.
- No more than 1 withdrawal each month to retain bonus interest.
On this page
Details
Key details
| Product name | Suncorp Kids Savings |
|---|---|
| Maximum variable rate | 4.55% p.a. |
| Ongoing interest rate | 4.55% p.a. |
| Base interest rate | 0.35% p.a. |
| Minimum age | - |
Source: noren.com.au
All comparison details
| Base | 0.35% |
|---|---|
| Ongoing | 4.55% |
| Ongoing cap | No cap |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | 1 |
| Dep $/mth | $20 |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | 1 |
| Min age | - |
| Max age | 17 |
| Fee/mth | $0 |
Source: noren.com.au
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 0.35% p.a., before bonus interest.
- Ongoing: 4.55% p.a. when bonus conditions are met. No upper cap.
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Base rate component | 0.35% | Whole balance | All balances |
| Ongoing total, conditions met | 4.55% | Whole balance | All balances |
Source: noren.com.au
Share/Export
Requirements
- Deposit at least $20 during the calendar month and make no more than one withdrawal. This is a deposit amount, not a count of 20 deposits or a $20 net-growth rule.
- Qualification timing: Requirements are assessed in the current month. Check the settlement deadlines and exclusions in the requirements.
Fees
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with Suncorp.
- 11-18: Where the child is aged 11 <18 years, the account can be opened and operated by the child either solely or as a shared account with the parent/guardian.
- Where the child is under 11 years of age - parent/guardian consent is required to open the account. The parent/guardian will have full access to operate the account and the child cannot transact.
- Account owners must be individuals as personal customers for personal use
- Account owners must be under 18
- On turning 18 years of age, the accountholder will no longer be eligible to hold a Kids Savings account. We will write to you and convert the account to a Suncorp Bank Everyday Options Account.
- Account owners must be residents of Australia
- Under 18. Under 11 requires parent/guardian consent and operation, ages 11–17 may operate an eligible sole/shared account. Converts on reaching 18.
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Sources & review
Noren aggregates information from multiple primary sources to ensure you're getting the most up-to-date, accurate information. All product information is peer reviewed.
Collected on 31 Oct 2026. Pricing verified on 27 Oct 2026.