Westpac Kids Reward Saver
Essentials
- Under 12s earn up to 6.20% p.a. interest paid monthly.
- No monthly service fee
- Earn 3.40% p.a. variable bonus interest monthly when you make a deposit of any value and no withdrawals in the month1
- In addition to the standard variable base interest rate of 1.25% p.a., earn 1.55% p.a. fixed rate for 4 months on accounts opened between 9 August and 12 September 2010.
- Free withdrawals each month (when a withdrawal is made the standard bonus interest rate won't apply)
- Anyone can deposit funds into the account by visiting a branch or via Online Banking by providing the BSB and account number.
- Monthly statements to help keep your savings on track
How you can access your money
- Branch
Things you should know
- 1. Bonus interest is payable on the full balance when bonus interest criteria is met, that is a credit balance is maintained, a customer initiated deposit of any amount and no withdrawals are made in each calendar month (except bank account fees, government transaction taxes or a branch withdrawal of funds to place in a Westpac term deposit). The above criteria also applies to 'As Trustee For' a child account.
- 2. Fees and charges may be payable. Terms and Conditions apply. These may be varied, or new Terms and Conditions introduced in the future.
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3. These services are not available if you are under the age of 12.
-
4. If you open a Westpac Reward Saver account (includes Kids, Youth, Student and 'As Trustee For' a child) between 9 August and 12 September 2010 (Promotion Period), you will earn the standard base variable interest rate (currently 1.25% p.a.) plus a promotional rate of 1.55% p.a. interest fixed for 4 months.
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Fees
| Fee | Amount |
|---|---|
| Monthly service fee | NIL |
| Branch staff assisted withdrawal | NIL |
| Online Banking withdrawal 3 | NIL |
| Telephone Banking withdrawal (automated) 3 | NIL |
| Telephone Banking withdrawal (staff assisted) 3 | NIL |
| EFTPOS 3 | NIL |
| Westpac/St.George/BankSA branded ATMs withdrawal 3 | NIL |
| Cheques written | N/A |
| Direct debit 3 | NIL |
Additional Fees
Additional fees and charges may apply. For more information, please refer to the Terms and Conditions.
Things you should know
- 1. Bonus interest is payable on the full balance when bonus interest criteria is met, that is a credit balance is maintained, a customer initiated deposit of any amount and no withdrawals are made in each calendar month (except bank account fees, government transaction taxes or a branch withdrawal of funds to place in a Westpac term deposit). The above criteria also applies to 'As Trustee For' a child account.
- 2. Fees and charges may be payable. Terms and Conditions apply. These may be varied, or new Terms and Conditions introduced in the future.
-
3. These services are not available if you are under the age of 12.
-
4. If you open a Westpac Reward Saver account (includes Kids, Youth, Student and 'As Trustee For' a child) between 9 August and 12 September 2010 (Promotion Period), you will earn the standard base variable interest rate (currently 1.25% p.a.) plus a promotional rate of 1.55% p.a. interest fixed for 4 months.
-
To view PDF files you need Adobe Acrobat Reader. Use Adobe's online PDF conversion tools to convert to another format. - MasterCard® and the MasterCard Brand Mark are registered trademarks of MasterCard International Incorporated.
Rates
| Amount | Rate p.a. |
|---|---|
| Standard base variable interest rate4 | 1.25% p.a. |
| Promotional fixed interest rate4 | 1.55% p.a. |
| Standard Bonus interest rate1 | 3.40% p.a. |
| Earn up to2 | 6.20% p.a. |
View Westpac Kids Reward Saver essentials.
Things you should know
- 1. Bonus interest is payable on the full balance when bonus interest criteria is met, that is a credit balance is maintained, a customer initiated deposit of any amount and no withdrawals are made in each calendar month (except bank account fees, government transaction taxes or a branch withdrawal of funds to place in a Westpac term deposit). The above criteria also applies to 'As Trustee For' a child account.
- 2. Fees and charges may be payable. Terms and Conditions apply. These may be varied, or new Terms and Conditions introduced in the future.
-
3. These services are not available if you are under the age of 12.
-
4. If you open a Westpac Reward Saver account (includes Kids, Youth, Student and 'As Trustee For' a child) between 9 August and 12 September 2010 (Promotion Period), you will earn the standard base variable interest rate (currently 1.25% p.a.) plus a promotional rate of 1.55% p.a. interest fixed for 4 months.
-
To view PDF files you need Adobe Acrobat Reader. Use Adobe's online PDF conversion tools to convert to another format. - MasterCard® and the MasterCard Brand Mark are registered trademarks of MasterCard International Incorporated.
Did you know?
Westpac Kids Reward Saver pays you bonus interest while you save, but still lets you withdraw money, when you need it. 1
