Kids Savings Account

Dynamo

Kid’s Saving Account

Learning to save has never been so easy with Border Bank’s Dynamo children’s saving account.

Bonus Interest
Deposit just $5 a week to receive a bonus rate of interest to accelerate savings*.
No monthly account keeping fees
Quick and easy deposits
Quick and easy deposits through Bank@POST™ and Border Bank (and Police Bank) Branches or Periodical Payments can be set up as a savings plan
Easy access
Link with our Safeguard Account providing ATM access^, with no overdrawn facilities for added safety. Also access via Internet Banking and Redidial Telephone Banking# to view transactions and act on account.
Contributes to Reduced Fees Program
Simply maintain a combined monthly balance of $5000 or more worth of savings, investments or loans and you will receive more fee free ATM and EFTPOS transactions as well as qualify for fee rebates.
Dynamo Account available up to 12 years of age.^†
At the age of 13, the account automatically switches to the Flex Account

Enter Dynamo’s website, full with saving tips and games for kids to make saving fun!

Australia has the strongest banking regulatory system in the world – all banks (including Border Bank), building societies and credit unions meet exceptionally high standards on capital, liquidity, risk management and governance as set down by the regulator, APRA. Under the Banking Act deposits in all Australia’s banks (including Border Bank), building societies and credit unions are safe.

Terms & Conditions

*Bonus rate of interest applies if no withdrawals and a minimum deposit of $20 are made within a month.

^ A child 12 years of age and under may be issued with a Visa Debit Card to their account in their name, provided they have been given permission to be an Authority to Operate on the account by the adult concerned. A Visa Debit Card can be issued in the name of the parent or guardian acting as Authority to Operate at any time;

^#Parental consent is required for Members aged twelve (12) years and under.

^†The Dynamo Kid’s savings account is available for Members aged 12 years and below and will automatically transfer to a Flex savings account when the Member turns 13 years of age. Prior to the Member turning 18 years of age, we will contact them to discuss transferring their Flex Account to another applicable account.

Savings

Reduced Fees Program

Schedule of Fees and Charges (PDF)

Financial Services Guide (PDF)