Money Minder Savings Account

Our Money Minder Savings Account is a great account to help your child develop good savings habits from an early age.

This savings account is designed for children aged 12 years and under.  It comes with its own passbook so your child can watch their savings grow and there are no transaction or ongoing account keeping fees.  Plus every birthday (up to the age of 12) children will receive a birthday card and free passes to some exciting local attractions. Something the whole family can enjoy!

A Money Minder Account must be opened in the name of a child. You simply need to provide their birth certificate and Medicare card to confirm their age and identity. Parent's or guardians may set up the account in the child's name with themselves as signatory, if preferred.

Benefits

  • No ongoing account keeping fees.
  • No transaction fees.
  • Free Internet and phone banking.
  • Over the counter access.

Product Features

Money available at call

Yes

Transaction record

Passbook

Interest

Money Minder Savings Account Interest is calculated monthly and paid every six months

Minimum opening balance

$1

Access and transactions

- Direct credit
- Internet banking
- Phone banking
- Over the counter

Transaction fees

Nil

Ongoing account keeping fees

Nil

How to apply

Want to help your children start saving? If so, read more on how to apply for a Money Minder Savings Account.

Kids - print out your Money Minder colouring-in sheet

To open PDF files, you will require Adobe® Reader®. You can download the latest version from the Adobe website*.
*The link provided is to a website controlled or offered by a third party (non-Newcastle Permanent). This link is provided for convenience only and does not represent any endorsement by Newcastle Permanent of the products or services offered by the website owner.
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