Earn bonus interest

$0 monthly account fee

Online Account

Link to your Youth Transact

Features

BankWAW's Youth Saver account is designed to help teenagers and young adults aged 13 to 25 reach their financial goals by saving. This online-only account doesn't have a minimum balance restriction, but those who deposit at least $50 while avoiding withdrawing in a month will be rewarded with additional interest.

  • Standard base interest rate PLUS bonus additional interest earned by depositing at least $50 and making no withdrawals in the month.

  • No monthly account keeping fees.

  • BPAY and direct debit payments available.

  • Online only account to assist you to save.

  • Link to your Youth Transact account.

  • Funds are on call.

  • 24 hour phone and internet banking access.

  • No minimum balance restrictions.

Rates
All Interest Rates
Fees

There are no transaction or monthly fees levied by BankWAW on this account.

*transactions include over-the-counter staff assisted cash deposits and withdrawals, including BPay, Osko/NPP payments, internal and external transfers.

Non-standard fees or third-party fees may apply.

All Fees and Charges
Eligibility
This account is only available to young people aged 13 to 25.

Upon reaching the age of 26 the account will be changed to an S51 Everyday Saver account.
Things you should know
The contents of this website have been prepared without considering your personal objectives, financial situation or needs. Because of that, before making a decision regarding a product or service offered via this website, please consider its appropriateness to your circumstances. Please view our Financial Services Guide, the WAW Product and Services Terms and Conditions and the relevant Target Market Determination (TMD). You can also ask for a copy of these from any WAW Service Centre.
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