12 Answers

Which bank offers the best savings accounts for children? Which bank offers good newsletters and activities for children on money and savings too?

Posted anonymously, 6th July 2015

Want more real mum questions sent to you?

You'll need to check this email to complete your signup.


Ask your question
  • I had a dollar mite account when I was little but we opens a Westpac account for the kids. A reward saver one but unfortunately no newsletters or activities.

  • For some reason only the CBA comes and visits schools to promote childrens saving account etc.No other bank does it , so I would say that bank .

  • I found the Commonwealth bank to have a great kids savings account

  • I have heard commonwealth has a really good one but as I’m with Westpac we opened up an “reward saver” for the kids, no monthly fees and you get bonus interest when you deposit any amount :)

  • Dollar mite accounts are really good to use to start off!

  • We have only used Police Credit for our kids savings account. Easy to access but no games activities etc

  • My daughter likes people choice. She found out she could get $50 for signing other people up so she asked around to those who had little ones without bank accounts. She earnt $250 for signing 5 people

  • I think it is good to start them with the Commonwealth bank through their schooling years & then let them make their choice in the working years.

  • Looks like the Commonwealth Bank is the best so far?

  • The commonwealth bank do. They offer extra interest if deposits are made every month and no withdrawls

  • The Commonwealth Bank has a good kids saving account, but I do not know about any others. Would love to know about other banks too.

  • i know that the schools use the commonwealth bank

Post you answer
Like Facebook page

LIKE MoM on Facebook

What is your answer to that question?
Would you like to include a photo?
No picture uploaded yet.
Please wait to see your image preview here before hitting the submit button.
Your MoM account

Lost your password?

Enter your email and a password below to post your answer and join MoM:

↥ Back to top

Thanks For Your Star Rating!

Would you like to add a written rating or just a star rating?

Write A Rating Just A Star Rating