Our Youthsaver account for kids
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) if you make at least one deposit and no withdrawals each calendar month
- $0 monthly account fees
- No withdrawal fees when you use CommBank ATMs and branches
- Optional Keycard access
- A PlatyBank money box
- Dollarmites competitions with loads of great prizes.
School Banking program
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 Platybank money box and a range of fun, engaging materials to help them learn and encourage them to save.
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.