CUA Youth eSaver Account

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.

Earn a 3.00% p.a.xx variable interest rate on balances up to $5,000 and receive regular monthly interest payments to help boost your savings.
Earn the same high rates of interest no matter how many deposits or withdrawals are made each month.
Your child’s savings won’t be reduced with monthly account fees or fees to transfer money online.
With online banking and mobile banking the account can be accessed anytime, anywhere.

top up

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 using your CUA Visa Debit card. Find out more


Account portion
Youth eSaver
3.00% p.a.
Over $5,000
1.00% p.a.

CUA Youth eSaver Account


Eligibility 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

  • Call 133 282
    Mon - Fri: 8:00am - 7:00pm (AEST)
    Sat: 8:00am - 4:00pm (AEST)
  • Find a branch
Calculate your savings goal

Use our savings calculator to see how much and how quickly you can save and estimate how much extra money you could earn in interest.

Important information Important information Show content

Rates current as at 2 September 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 3.00% 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.