Suncorp Bank offers three savings accounts suited to different age groups. The Growth Saver Account pays a competitive rate when account holders grow their balance by at least $200 over the month and make no more than one withdrawal, with a minimum age of 11. The Kids Savings Account targets children under 12, offering a competitive rate when at least $20 is deposited and withdrawals are limited to one per month. The Everyday Options Account earns 0.01%.
Deposits with Suncorp Bank are protected under the Financial Claims Scheme up to $250,000 per account holder per ADI.