My Credit Union

Youth Saver Account



A savings account that offers a great interest rate to boost your account balance plus the ability to earn bonus interest^. With no monthly account fees there's more money in your pocket to save and give you the head start you need.

Up to
0.50% pa1
Interest Rate

Up to
0.50% pa2
Additional Bonus Rate

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  Key Features:

Youth Saver Account
Interest Rates
Maximum rate0.50% pa1
Bonus interest rate0.50% pa2
Tiered Rates
$0 - $5,0000.50% pa
Over $50000% pa
Key Features
Interest incomeCalculated on the minimum daily balance, paid monthly. Interest is only payable on balances up to $5,000. 
Fee-Free Withdrawals Limited to one withdrawal per month.
Fee-Free DepositsUnlimited
Special ConditionsTo receive bonus interest $5 deposit and no withdrawals each month
Access Methods
Access to fundsAt Call
ATM/EFTPOS accessYes, when 15 years of age 
Internet BankingYes
Banking AppYes
Direct creditYes 
Direct DebitYes, this is considered a withdrawal on the account
Periodic paymentsNo 
Statements6 monthly or as requested
Branch accessYes 

  Additional Information:


1 Interest is only payable on balances up to $5,000.

2 Conditions apply. ^Bonus interest is earned when a minimum $5 is deposited into the account each month and no withdrawals are made.