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. 


  • 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
  • $0 monthly account and withdrawal fees 
  • A money box
  • School Banking program competitions with great prizes.

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

Find a branch

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.


  • 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
  • $0 monthly account fees.

Explore more

School kids playing on the lawn

CommBank Youth app

At a glance

The CommBank Youth app is a hands-on digital banking experience that’s fun and secure.

Use it to teach your children real-life money skills including how to save by setting goals, understand the value of money, keep track of every dollar earned and make sensible spending decisions. 


  • Check account balance and transactions at a glance
  • Set a savings goal, track progress and celebrate when the goal’s been reached
  • Create a list of chores/jobs together. Tick them off and pay pocket money as you go
  • Transfer money between Youthsaver account and Smart Access Account for Youth depending on saving and spending choices
  • Prompts to get your child thinking before they transfer or spend their money
  • See Dollarmites tokens balance if your child participates in School Banking
  • Track your child’s CommBank Youth app banking activity, alongside your accounts, in the CommBank app.

Discover more

Introduction screen for the CommBank Youth App

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 accounts


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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