No account keeping fees

No withdrawal fees

Earn bonus interest

24 hour access

Features

  • Bonus interest if you deposit at least $20 a month and make no withdrawals in the same month.

  • A Transaction Record Book that will enable children to track their money and watch their savings grow!

  • Entry into the Buck’s Star Saver Club, which comes with an exclusive Club Pack.

  • The ability for you to assist your child to manage their banking online via BankWAW Internet Banking or the BankWAW Mobile App.

  • Direct crediting available for regular payments (from your income or other accounts).

  • No minimum balance restrictions.

  • Interest that is calculated daily and paid on the last day of the month.

  • Over the counter withdrawals can be completed by signatories for the child.

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 available to children aged 0 - 12.

Children may be identified by supplying either their original birth certificate or an original letter from their school, signed by the Principal, which was issued within the previous three months. Generally an adult is required to be a signatory on this account; the adult will also have to provide their identification.

Upon reaching the age of 13 the account will be changed to an S25 Youth Saver account. At this time, the signatories to the S2 account will be advised of the changeover and the need to review the signatory arrangements on the S25 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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