For first time savers
An online savings account for newborns up to 17 years old to help save for a bright future.
Why choose a CUA Youth eSaver Account?
Life is full of firsts – from their first smile, right through to their first car. With a CUA Youth eSaver Account, you and your child can enjoy the convenience of an online savings account to help grow your child’s savings. Designed from newborn up to 17 years old, it provides a generous interest rate to help build the best future for your child.
Freedom to use the account Show content
No monthly account or online transfer fees Show content
Instant online access Show content
Boost your baby’s savings with support from your family
Your family can pay birthday or pocket money directly into your child’s account. Plus, if you’re a CUA Everyday Account holder, you can use Savings Top-Up to add a little extra to your child’s savings account with every purchase over $10 using your CUA Visa Debit. Find out more
CUA Youth eSaver Account
EligibilityEligibility and key things to know:
- Child must be aged up to 17 years and be the sole account holder
- A maximum of one Youth eSaver account per eligible child
- If under 10 years of age, 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. A child under 10 cannot personally transact on the account
- If 10 to 17 years of age, the child may independently transact on the account. Parents or guardians can be given signatory access or third party authority to obtain information on the account if needed. The child can remove a parent or guardian as a signatory, or remove their authority to obtain account information, at any time
For newborns to 9 year olds
Apply via post
Download and print the application form and return via post with certified copies of your ID if you are not a CUA member, and of your child’s birth certificate or passport.
Apply in branch
Visit us in branch with your ID and child’s birth certificate or passport.
Open an account 10 - 17 year olds
Important information Show content
Rates current as at 7 July 2020 and subject to change.
Your needs and financial circumstances have not been taken into account. Terms and conditions are available on application. Other fees and charges may apply. A General Information, Terms & Conditions brochure and Schedule of Fees are available online or from your local CUA branch. You should read both these documents before deciding whether to purchase this product, issued by CUA.
Deposits up to $250,000 per account holder are guaranteed by the Federal Government under the Financial Claims Scheme.
Interest is calculated daily on whole balances and paid monthly.
xx Rate applies on a stepped basis. Interest paid at 3.20% p.a. on balances up to $5,000, then at 1.00% p.a. on that portion of the balance over $5,000.
The CUA Everyday Youth Account converts automatically to our CUA Everyday Snap Account once you turn 18 years old.
The CUA Youth eSaver Account converts to our standard eSaver Plus Account once you turn 18 years old.