Summary
Double check the details before opening your account
The important stuff
Bump SavingsBump Savings is an account designed to help children and teens kick-start their savings. A Choice transaction account can be opened at the same time for deposits, withdrawals, and a debit card for those aged 14+. |
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Westpac ChoiceAn everyday account to make deposits and withdrawals with access via a debit card |
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Things you should know
^ Bonus interest: You will be eligible for bonus interest if during the month (subject to transaction processing times):
a. your account balance has not fallen below $0; and
b. you (or someone on your behalf) have made a deposit of any amount; and
c. the account balance on the last business day of the month is higher than the account balance on the last business day of the previous month.
Interest paid into your account does not qualify as a deposit in terms of bonus interest eligibility.