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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 16 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.  

Learn more

Parents and guardians who have NetBank access can open a Youthsaver account for their child online. You’ll just need your child’s birth certificate and your NetBank log on details.

or

If you bank online with us, you can open the account for your child now. You'll just need the child's birth certificate.

Open in NetBank

If both you and the child are new to CommBank, please come and visit us in any branch to open the account.

Locate a branch

or

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. 

School Banking 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.

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.

Article

Do your kids have an entrepreneurial streak? Here are some ways for kids to use their skills to earn more pocket money. 

Read

The way children understand the value of money is changing. Find out what children think about our ‘cashless’ world.

Watch

Activity sheet

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

Download

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
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