Youth eSaver Account
An online savings account for newborns to 17‑year‑olds.
Features & benefits
Rates & Fees
For further information and details, see all Schedule of Fees, Accounts, and Access Facilities and Terms & Conditions.
Interest rates on balances
How it works
- A maximum of one Youth eSaver account per eligible child.
- A child under 10 must have a parent or guardian open and operate the account as a signatory. The child cannot personally transact on the account.
- Once the child turns 10 years of age, the child can remove a parent or guardian as a signatory, or remove their authority to obtain account information, at any time.
- Parents or guardians can be given signatory access or third-party authority to obtain information on the account if required.
- Must be aged up to 17 years and be the sole account holder
- If under 10 years, a parent or guardian must authorise the account opening and be listed as a signatory on the account to transact on behalf of the child
- Must be an Australian resident with an Australian address
- An email address and a contact number
- Existing Great Southern Bank customer number (if you already bank with us)
- Proof the signatory is the parent or legal guardian of the child (Medicare card, birth certificate or legal guardianship documents)
- Child's Medicare card, birth certificate, Australian passport or driver's licence
An everyday account for 10 to 17-year-olds
Frequently asked questions
Great Southern Bank is the trading name of Credit Union Australia Limited. You may have previously known us as CUA.
For over 75 years, we’ve been helping Australians with their banking and insurance needs. And today, we continue to provide clever products and tools to help customers reach their financial goals sooner.
As a customer-owned bank, we’re owned by you, our customers. So, instead of chasing huge profits for stakeholders, we reinvest profits back into the business for better products and services.
We love helping customers to achieve their financial goals and we can’t wait to help you with yours, whatever they may be. To get started, contact us today.
Switching to Great Southern Bank is easier than you think and takes less than five minutes! All you need to do is open an account. It’s that simple.
Plus, we can help you switch your salary, direct debits, and regular payments to your brand-new Everyday Edge Account.
We offer different types of accounts to suit different financial needs – be it everyday money management or savings.
To find an account that works best for you, click on the links below.
Yes. Money placed in a savings account with a bank, building society or credit union is protected by the Australian Government’s Financial Claims Scheme (FCS).
The scheme protects deposits up to $250,000 per person, per financial institution. In the unlikely event that a financial institution closes you’ll have the peace-of-mind that your money is safe.
Absolutely. Simply download our mobile banking app to do your banking anywhere from the convenience of your phone.
Yes. Great Southern Bank Online Banking is easy to use, convenient and secure. As a new customer you'll be set up with online banking as soon as you open an account.
If you are already a customer, you can register for online banking in less than a minute and get started straight away.
We take security very seriously and have several features to keep your online and mobile banking safe and secure.
For starters, you’ll always need your customer number and password to log in to digital banking. You can also take advantage of our special features for extra security and peace of mind.
Our key security features include:
- Fingerprint login
- Facial login
- Transaction notifications
- Security questions
- The option to change your password at any time
While we take proactive steps to fight fraud, it’s important that our customers also take an active role in keeping their accounts secure.
Our online security checklist contains more tips and tricks to keep your account secure. And as always, never share your password with anyone.
Rate current as at 05 November 2024 and subject to change.
Great Southern Bank, a business name of Credit Union Australia Ltd ABN 44 087 650 959, AFSL 238317. Conditions, fees and charges apply. This is general information and does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information, including the Terms and Conditions (T&Cs) booklet, before acting on it. The Financial Claims Scheme may apply to this product; refer to the T&Cs for more information.
Deposits up to $250,000 per account holder are guaranteed by the Federal Government under the Financial Claims Scheme.
** Rate applies on a stepped basis. Interest paid at 5.50% p.a. on balances up to $5,000, then at 1.00% p.a. on that portion of the balance over $5,000.
^ Great Southern Bank Youth eSaver account converts to a Great Southern Bank Goal Saver account once you turn 18 years old.
To view the Target Market Determination for this product, please click here.
The Youth eSaver Account is suitable for those under 18 years of age and want to earn interest at a consistent rate without having to meet a particular set of conditions.
This product may not be right for you, if you:
- Are aged 18 years or older - Our Everyday Saver account may be more suitable for you.