Suncorp Bank Kids Savings

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Kids Savings is a savings account from Suncorp Bank. It pays 4.80% p.a. in a month in which the conditions below are met and 0.35% when they are not.

Rate tiers

Every balance band in the bank's feed: base is the rate when the bonus conditions are not all met, bonus the add-on for meeting them, conditional the two together.

The bonus is paid on top of the base rate in a month in which the conditions are met; conditional is the two together, and the base rate is what is paid otherwise.

The feed states no cap on the balance that earns the bonus.

Conditions

For the bonus rate

• at least 20 deposits each month
• no more than 1 withdrawal in the month

In the bank's own words, as its feed states each condition on the bonus rate:

• deposits each monthMinimum deposit of $20 per month
• withdrawalsMaximum of 1 withdrawal per month

Other conditions

• must apply at a Suncorp Bank branch
• bonus needs at least $20 deposited in the month, not 20 deposits

Features

app

yes

transactions

unlimited

Other features, in the bank's words:

• Pay $0 account keeping fees
• No minimum balance to earn standard interest
• Earn Bonus Interest when you deposit at least $20 each month and make no more than 1 withdrawal in the calendar month.
• No maximum balance

Fees, limits and who can open it

monthly fee

$0

interest paid

monthly

interest calculated

daily

age

up to age 18

open to

personal customers

age limited

open only to people of certain ages (kids, youth or seniors accounts)

Who can open it, in the bank's own words:

• 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: 11-18
• age 11 and under: 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.
• age 18 and under: Account owners must be under 18
• age 18 and under: 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.
• residency: Account owners must be residents of Australia

About this account

A savings account for under-18s that offers bonus interest for regular savers

Data

• Suncorp Bank's own page for this account.
• The bank's documents its product record links to: terms and conditions, fees, eligibility.
• Our verbatim snapshot of the bank's product record (source), as fetched on 12 November 2026.
• We read the bank's own page and terms against this page on 1 November 2026: kids-savings-account.html, personal-deposit-account-pid.pdf; conditions they state and its feed does not are listed above.
• /au/finance/savings-accounts/v1/brands/suncorp-bank.json: this bank's accounts and every balance band as JSON; Suncorp Bank's page lists them.
• The bank last updated this record on 11 November 2026. Rates are per annum as the bank states them; "stale" means the bank has not updated the record for over 60 days or since the latest cash rate change.

Other accounts at Suncorp Bank

• Business Saver Account savings account, 2.40% base at $50,000
• Growth Saver Account savings account, 5.60% conditional at $50,000
• Business Premium Accountstale transaction account, 0.01% base at $50,000
• Everyday Essentials Accountstale transaction account
• Everyday Options Accountstale transaction account, 0.01% base at $50,000

All of Suncorp Bank's accounts on its page, with its best rates per segment and rate kind, and every account at every bank.