Dollaroo Kids Account

The Dollaroo Account, our specialty kids account designed for children under the age of 16, is a great place to start your kid’s savings journey.

The Dollaroo Account encourages life-long habits and introduces them to principles of sensible saving, setting them up for life-long success.

With a great interest rate, their money is working hard for them, and they can take pleasure in watching their funds grow. Plus, with benefits such as no minimum balance, unlimited deposits and no account keeping fees, you can show your child the benefit of smarter banking, no matter how small or infrequent their deposits.

 

  • Competitive interest rate
  • No account keeping fees
  • Unlimited fee-free transactions with no minimum balance
  • Available to children under 16
  • Parent or guardian has full control over the account, until the child turns 16
1.50 % p.a. Interest rate
Maximum Rate

Product Features:

Savings & Bank Accounts
Maximum Rate : 1.50% pa
Monthly Fee : $0
Annual Fee : $0
Minimum Amount : $0
Cheque Book : No
Funds Available : During branch operating hours
ATM/EFTPOS Access : No
Online & Phone Banking : Yes
Direct Entry (Credit/Debit) : Yes credits only
Interest Income : Calculated daily, paid 31 May 30 November
Debit Card : No
Branch Access : Yes
BPAY® : No
Overdraft : No
Periodic Payments : No

Is this savings account the right one for your family?

Compare all of our savings accounts, all in one place.

What will my savings be?

Gateway reserves the right to vary these interest rates at any time. Fees and charges, terms and conditions apply. Please view our Gateway Deposit Accounts & Access Facilities General Conditions of Use, Summary of Deposit Accounts & Availability of Access Facilities and General Fees, Charges and Transaction Limits brochures.

1 At 16 years of age the account is converted to an Edge Account.

2 A daily transaction limit of $5000 applies for transactions on Online Banking / Gateway 2go™. Must be registered for Secure SMS in order to transfer funds externally. Refer to the Gateway 2go™ page for more information.