Youth eSaver Account
An online savings account for newborns to 17‑year‑olds.
On balances up to $5,000
Open in less than five minutes
Once, twice, three times a winner.
We’re proud to have been awarded Australia’s Best Large Credit Union in the Mozo Experts Choice Awards for the third year in a row!
Features & benefits
Specifically designed for kids, ranging from newborns to 17 years old, our online CUA Youth eSaver Account offers a generous interest rate without monthly fees.
Generous interest rates
Earn a 2.50% p.a. variable interest rate on balances up to $5,000 and receive regular monthly interest payments.
Access your money – keep your interest
Dip into your Youth eSaver savings when you need to without affecting your interest rate.
$0 monthly fees
No monthly account fees, no online and mobile banking transaction fees, and no telebanker transaction fees.
Contribute easily
Your family and friends can pay birthday or pocket money directly into the Youth eSaver Account.
Rename your accounts
Add a personal touch to your banking with an account nickname. It's a great way to help manage your finances.
Manage your accounts in one place
Send super-fast payments via online and mobile banking with the New Payments Platform (NPP).

Account details

Interest rates on balances

up to $5,000
over $5,000

How it works

  • A maximum of one Youth eSaver account per eligible child.
  • A child under 10 must have a parent or guardian open and operate the account as a signatory, the child cannot personally transact on the account.
  • Once the child turns 10 years of age, the child can remove a parent or guardian as a signatory, or remove their authority to obtain account information, at any time.
  • Parents or guardians can be given signatory access or third party authority to obtain information on the account if needed.
How to apply
1. Ensure you are eligible to apply

There are a few eligbility requirements you should be aware of before applying for a CUA Youth eSaver Account.

2. Apply online

It should take about 5 minutes.  You will need proof of ID.

3. Make your first deposit

Pay in some money to get your new account up and running.

4. Watch your savings grow

Set aside your savings in your CUA Youth eSaver Account and earn a high interest rate.

Are you eligible?
  • Must be aged up to 17 years and be the sole account holder
  • If under 10 years, a parent or guardian must authorise the account opening and be listed as a signatory on the account to transact on behalf of the child
  • Must be an Australian resident with an Australian address
What you need to apply online
  • An email address and a contact number
  • Existing CUA Member number (if you already bank with us)
  • Proof the signatory is the parent or legal guardian of the child (Medicare card, birth certificate or legal guardianship documents)
  • Child's Medicare card, birth certificate, Australian passport or driver's licence

You might also be interested in

Everyday Youth Account

An everyday account for 10 to 17-year-olds

Important Information

Rates current as at 14 May 2021 and subject to change.

Credit Union Australia Ltd ABN 44 087 650 959, AFSL 238317. Conditions, fees and charges apply. This is general information and does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information, including the Terms and Conditions (T&Cs) booklet, before acting on it. The Financial Claims Scheme may apply to this product; refer to the T&Cs for more information.

** Rate applies on a stepped basis. Interest paid at 2.50% p.a. on balances up to $5,000, then at 1.00% p.a. on that portion of the balance over $5,000.

CUA Youth eSaver Account converts to a CUA eSaver Plus Account once you turn 18 years old.