Help & support
Youthsaver
Bonus interest rewards for under 18s when savings goals are reached
This could be for you and your child if you want:
Smart Access for Youth
Transaction account for under 14s with parental controls
This could be for you and your child if you want:
Other options
If you’re still unsure which youth account to choose
Visit a branch to explore other options if you want:
Parents and kids can use Kit to earn pocket money by ticking off jobs, set savings goals, track spending and learn with Money Quests. You can also link a Youthsaver account to Kit.
With a Youthsaver account, your kids could start earning up to 5.00% p.a. interest on savings.*(Eligibility criteria applies).
The Kit app helps you to:
• Manage your child’s spending with a prepaid card that offers parental controls
• Access in-app gamified learning, which seeks to improve the financial capability of your child
• Schedule pocket money and add jobs your kids can tick off
See our one-stop resource that helps parents and guardians bring money to life for children. Browse practical tips and handy guidance on having money conversations with your kids.
See our one-stop resource that helps parents and guardians bring money to life for children. Browse practical tips and handy guidance on having money conversations with your kids.
*Subject to eligibility criteria. 5.00% p.a. total variable rate when you make at least one deposit of any amount into your account and grow your balance (excluding interest and transactions initiated by the Bank) each calendar month on balances up to and including $50,000. The total variable rate includes 2.60% p.a. standard variable rate and 2.40% p.a. bonus variable rate when the above eligibility criteria is met. For the portion of the balance over $50,000 and/or if the bonus criteria isn't met, only the standard variable rate will apply. Interest is calculated daily and paid monthly.
Kit is a brand of CBA New Digital Businesses Pty Ltd ABN 38 633 072 830 trading as HEY KIT. CBA New Digital Businesses Pty Ltd is a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124 (CBA). CBA New Digital Businesses Pty Ltd is not an Authorised Deposit-taking Institution for the purposes of the Banking Act 1959 and its obligations do not represent deposits or other liabilities of Commonwealth Bank of Australia or its subsidiaries, and therefore you may be exposed to investment risk including possible delays in repayment and loss of income and principal invested, as relevant. CBA New Digital Businesses Pty Ltd has been appointed as authorised representative (001296799) of Hay Limited (ABN 34 629 037 403 AFSL 515459), who is the issuer of the Kit Account and associated Kit Cards. View the CBA New Digital Businesses Pty Ltd Financial Services Guide (PDF). Any advice provided is general only and does not take into account your objectives, financial situation or needs so please consider whether it is appropriate for you. Please consider the Product Disclosure Statement (PDF), before making any decision about the products. Fees and charges may apply. View the Target Market Determination (PDF). Please visit Important Legal Information to access detailed terms and conditions about our app and the services, our Privacy Policy (PDF) and other important legal documents.
CBA New Digital Businesses Pty Ltd (ABN 38 633 072 830), trading as Hey Kit, has been appointed as authorised representative (001296799) of Commonwealth Bank of Australia (ABN 48 123 123 124 AFSL 234945) who is the issuer of the CommBank Youthsaver account.
Any advice provided is general only and does not take into account your objectives, financial situation or needs. Please consider the T&Cs, available here, and whether a Youthsaver account is appropriate for you.
The target market for the Youthsaver and Smart Access product will be found within the product’s Target Market Determination, available here.
The target market for Kit will be found within the Target Market Determination, available here.
Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
