Here is a great way to teach children about money, and help them learn good savings habits for the future! It's kind of like "Entrepreneur Pre-School".
Give your kids a head start when it comes to learning about money. As a member of the Junior Savers club, they can watch their savings grow - and have fun while they're doing it.
The Junior Savers Club is open to children and teenagers up to 16 years. They only need $1 to open the account, and they'll watch their money grow with competitive interest rates.
Your child can direct small amounts from job earnings, or make a free transfer (from as little as $1 a week) from their parents or grandparents' Credit Union account. Withdrawals can only be made in branch by the authorised signatory.
Other benefits include:
- Junior Savers receive up to a maximum rebate on weekly fees of $2.50.
Savers Rates for a Junior Savers Account
Whole MMB* thru $499.99 = 1.60% p.a.
Whole MMB* over $499.99 = 2.60% p.a.
Whole MMB* over $1000.00 = 3.60% p.a.
*Minimum Monthly Balance.