Compare & choose one or more youth accounts


Bonus interest rewards for under 18s  when savings goals are reached

This could be for you and your child if you want:

  • To help teach your child how to save
  • To access School Banking program and Dollarmites Club
  • $0 monthly account fee 

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Smart Access for Youth

Transaction account for under 14s with parental controls

This could be for you and your child if you want:

  • To help your child learn responsible spending habits
  • Account visibility and flexibility, with the added protection of spend limits that can be set via the CommBank app.
  • $0 monthly account fee 

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Other options

If you’re still unsure which youth account to choose

Visit a branch to explore other options if you want:

  • To put away savings for a child, but aren’t their parent or legal guardian
  • To hold funds on behalf of your child even after they turn 14 or 18

See nearest branch

Our Youthsaver account for kids

At a glance

Designed for under 18s, our Youthsaver account encourages children to save money and offers bonus interest for regular savings.

With lots of great features such as the School Banking program and the Dollarmites, a Youthsaver account can help kids get off to a good start.

Parents and guardians have full control over the Youthsaver account until the child turns 14 years of age. 


  • No monthly account and withdrawal fees
  • Bonus interest (on top of standard interest) on balances up to $50,000 if you make at least one deposit and no withdrawals each calendar month
  • A money box
  • Make deposits at participating schools through School Banking program

Learn more

Open a Youthsaver account

As a parent or legal guardian, you can open a Youthsaver account online for a child who's 13 or under. If the child is 14 or over, they can drop in to the nearest branch with their birth certificate or passport.

Open now

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Our Smart Access Account for Youth

At a glance

A transaction account for under 14s that’s best used with our Youthsaver account. Helps your child learn responsible spending habits with the protection of parental spend controls.


  • No monthly account fees.
  • Set a weekly spending limit on the account for your child (the default is $20)
  • Have the option to give your child aged 9+ controlled access to withdraw their money at an ATM or pay for things in-store and online with a Debit Mastercard®. You can also lock it so it can’t be used
  • Keep an eye on your child’s banking activity alongside your own accounts in the CommBank app
  • Your child manages their own money in the CommBank Youth app

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School kids playing on the lawn

School Banking program

What is School Banking?

School Banking is a fun and engaging way for young Australians to learn about money and develop good savings habits.  

Run through participating primary schools nationally, children who deposit money into their Youthsaver account through the program earn Dollarmites tokens which they can redeem for exciting rewards. 

Children who join will receive a Dollarmites deposit wallet, a money box and a range of fun, engaging materials to help them learn and encourage them to save.

Savings rewards

To help reward savings efforts, every time a student deposits into their Youthsaver account through School Banking, they’ll receive a Dollarmites token.

Once they’ve collected 10 tokens, they can redeem them for exciting reward items through the School Banking Rewards Program.

Learn more about School Banking

Mother and son walking to school

Teach kids about money with the Beanstalk

The Beanstalk is a one-stop resource that helps parents, guardians and teachers bring money to life for children. Browse tips and download fun activities such as puzzles, party planners and chore and savings trackers.


It's important to teach children about money. Discover ways to encourage your child to save.

Activity sheet

Help your child stay motivated to reach their savings goals with our Savings Tracker. 


Visit the Beanstalk

Other tools


Designed for children under 12 years of age, the Dollarmites makes money fun with interactive games, downloads, competitions and tips to help children save for the things they want sooner.

Explore Dollarmites


StartSmart is Australia’s leading financial education program for students. Our StartSmart workshops make learning about money fun and give students the confidence to make smart decisions about money from a young age.

Learn more

Things you should know

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