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Youth Saver

A fee-free, fuss free youth savings account with an extra incentive for saving.

Youth Saver

Learning how to save money at a young age will set you up with the skills you need to be a great saver all of your life. 

WAW can help you get started with their Youth Saver account – a fee-free and fuss-free savings account for young people aged 13 to 25.

Our Youth Saver has zero monthly account fees and offers bonus interest when you deposit $50 and make no withdrawals each month. 

And if you do need to withdraw money, we will still pay a good base interest rate.

Link your Youth Saver to your Youth Transact Account, and you can set up direct transfers so you are automatically saving every month. Plus, only access your savings via online banking, so you can’t withdraw cash from your hard-earnt savings.

Features

Account Freatures

  • Additional interest earned by making a minimum monthly deposit of $50 and making no withdrawals in the month.*
  • Access via Internet Banking or the WAW Mobile App
  • Link to your Youth Transact and set up direct transfers
  • Set up a PAY ID
  • Direct credit your regular income (quote BSB: 803 070)
  • Pay your bills via BPAY
  • Set up Direct Debits and Periodic Payments
  • Funds at call with no minimum balance restrictions
  • eStatements accessible via Internet Banking
  • Bank in person at any WAW branch. Over the counter cash withdrawals up to $1,000 per day. Amounts in excess of this require 24 hours notice.
* Interest paid on full account balance.
Rates
$0.01 and over 0.30% p.a.
*Bonus rate 1.50% p.a.

*Bonus interest rate is reached by making a minimum monthly deposit of $50 with no withdrawals on this account in the calender month.

Download our Deposit Interest Rate Schedule here

Fees
This is a transaction-fee-free account. Non-transaction charges may be incurred for specific account service requests.
 

Download our Transaction Fees and Charges Schedule here

How To Apply

To be eligible for WAW’s Youth Saver you must be a permanent resident or Australian citizen, with an Australian residential address and aged between 13 and 25.

If you meet this criteria, please drop into a WAW branch and we’ll get you set up! You’ll need to bring documentation to prove your identity, such as a Birth Certificate, a Passport, or a statement from an educational institution confirming your name, date of birth and address.

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