1 Standard variable interest is calculated daily and paid monthly. Bonus variable interest is calculated daily and paid monthly if the bonus criteria is met. Rates effective 20 October 2020 but subject to change.
2 Please check the list of acceptable documents here. If you are applying or finalising applications in branch, please bring your child’s birth certificate or a court order to identify you as a parent or legal guardian.
The advice on this website has been prepared without considering your objectives, financial situation or needs. Because of that, you should, before action on the advice, consider its appropriateness to your circumstances. Please view our Financial Services Guide (PDF). Full terms and conditions for the transaction and savings accounts mentioned (PDF) and Electronic Banking (PDF) are available here or from any branch of the Commonwealth Bank. Other fees and charges may apply.