Open Account in the Child’s name:

A high interest savings account opened in the child's name for children up to 16 that will help your child learn about the value of money and to develop good spending and saving habits.

  • Account available for children under 16 only.
  • Parent/guardian(s) are permitted to be an authority to operate (ATO) on the account.
  • Account must be opened by the child independently.
  • The child may receive regular correspondence via post or email (newsletters; activity sheets; financial education; competitions etc).
  • Statements will be received via post as a default.
  • Online statements will be available as an option for children over 12 years old that request internet banking.
  • Email address of the account must belong to the child
  • Must show either photo ID or Birth Certificate + Medicare card of child to be eligible to open account (original or certified copies must be emailed or forward via the post).
  • The account has a $10,000 balance limit, balances over $10,000 receive an interest rate applicable to our S4 savings accounts, see Savings Interest Rate
  • Only one account can be opened per member.
  • At 17 the child becomes an adult member (and shareholder) and the Kids Account will be closed.

Any advice or information on this site does not take into account your personal objectives, financial situation or needs and you should consider whether it is appropriate for you. Please review Transport Mutual Credit Union Ltd Account and Access Facility Terms and Conditions of Use and Financial Services Guide before acquiring the product.  I ABN 78 087 650 600 | Australian credit license 240718 | AFSL 240718

How to Apply

  • Fill in the online application form
  • Send over appropriate ID to members@transportmutual.com.au
  • We will set it up for you and email you with the account details.

Things you should know

How much interest would I earn?

Special Offers

Product Features:

Savings Accounts
Online banking : Yes
Availability : Funds available at call
BPAY : Yes
ATM/EFTPOS access : Yes
Debit card : Yes
Interest Income : Calculated daily and paid quarterly

Why choose Transport Mutual Credit Union?

Important Information:

Available to Members under 16 years of age.  No minimum deposit, no fees payable and each quarter the account will receive 1.5%p.a. interest on balances of up to $10,000.

Terms and conditions, fees and charges and approval conditions apply.