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Don't just take our word for it - our Life Saver Account was voted Money magazine's 2020 Best Savings Account. Watch your savings grow with a competitive interest rate - how a savings account should be.

Life Saver - the best savings account for kids

2.35
%p.a.
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Calculated daily, paid monthly

Teach kids to manage their savings in a smarter way!

Saving money is a skill for life. Our award-winning Life Saver account helps kids make saving a habit with an interest rate that rewards their hard work, and no monthly account keeping or transaction fees, to help them get ahead.

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Open our award-winning Life Saver Account today!

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Life Saver Key Features

You only need $1.00 to open a Life Saver account - Ensure your balance grows each month to earn high interest
No monthly account keeping or transaction fees
Life Saver can only be opened by under 25s but can continue to be used beyond that age.
Life Saver can be linked to an Access Account in the account holder’s name to enjoy fee free banking when the Life Saver balance increases each month
Free internet & mobile banking with real-time payments via PayID & Osko by BPAYⓇ. Your Life Saver can be linked to an Access Account online so you can transfer money in and out

Here's how we can help

I want to learn how to budget teach my kids to save work while i study understand Afterpay start my first job move out of home travel on a gap year

Savings & Deposit Planner

Important details:
* This information is general only. You should consider the appropriateness of the information and our products to your circumstances before proceeding. Greater Bank Limited ABN 88 087 651 956. AFSL No 237476. Life Saver Account must be opened prior to turning 25 years of age. We calculate interest by applying the daily percentage rate to your account balance. No interest applies if the closing balance at the end of the month is not greater than the opening balance at the beginning of the month. Conditions apply. View our Terms and Conditions.
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