Virgin Money Grow Saver (Under 18) Summary
Description
If you don't need an everyday bank account, but you're after the benefit of a dedicated high interest savings account, a Grow Saver has your name all over it.
Benefits
- No monthly savings-account fee.
- No monthly activity requirements for the ongoing rate.
- No upper balance cap in the reviewed ongoing pricing.
Hoops
- Available to ages 14 to 17.
On this page
Details
Key details
| Product name | Virgin Money Grow Saver (Under 18) |
|---|---|
| Maximum variable rate | 5.50% p.a. (Ongoing, Virgin Money Grow Saver (Lock Saver, 32-day notice, 18 or over)) |
| Ongoing interest rate | 3.30% p.a. |
| Base interest rate | 0.05% p.a. |
| Minimum age | 14 years |
Source: noren.com.au
All comparison details
| Base | 0.05% |
|---|---|
| Ongoing | 3.30% |
| Ongoing cap | No cap |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | 0 |
| Dep $/mth | $0 |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | 0 |
| W/d/mth | - |
| Min age | 14 |
| 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: 0.05% p.a..
- Ongoing: 3.30% p.a.. No upper cap.
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Standard variable | 3.30% | Whole balance | All balances |
Source: noren.com.au
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Requirements
- Under-18 customers automatically receive the ordinary monthly bonus without monthly deposit, purchase or withdrawal-count criteria. The Lock Saver feature is unavailable to this age group.
Fees
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with Virgin Money.
- You must be at least 14 years of age to apply for a Virgin Money Grow Saver
- Australian resident: Australian resident
- Personal use, Australian residential eligibility and Virgin Money app required. Joint and individual account groups qualify separately. Base comparison assumes the relevant shared bonus allowance is available.
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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 and verified on 31 Oct 2026.