Border Bank Dynamo Kids Savings Account

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Updated
Border Bank Dynamo Kids Saving account
Maximum variable rate
2.40% p.a.
Base interest rate
0.40% p.a.
Minimum deposit
$20

Summary

Be a savings dynamo with this educational and rewarding kids saving account.

The Dynamo Kid’s Savings Account a special purpose savings account for children. It’s low on fees, rewards savers with bonus interest and makes saving fun for kids. This account is a rewarding and educational way to teach kids about saving for a goal.

Pros

  • Bonus interest awarded as an incentive to save
  • No monthly account keeping fees
  • Quick and easy deposits

Cons

  • Available up to 12 years of age

In this guide

  • Review
  • Details
    • Key details
  • Key features
  • How to apply
  • Compare other savings accounts
  • Your reviews
  • Ask a question

Details

Key details

Product Name Border Bank Dynamo Kids Saving account
Maximum Variable Rate 2.40% p.a.
Standard Variable Rate 0.40% p.a.
Monthly Account Fee $0
Minimum Opening Deposit $0

Key features

Bonus interest

Earn more interest by making regular deposits. Deposit just $20 every month and make no withdrawals and Border Bank offer an extra 2% p.a. interest. The maximum interest rate you can earn when you meet the bonus interest conditions is a competitive 2.4% p.a..

How to apply

Visit Border Bank website to start an online application for the Border Bank Dynamo Kid's Savings Account. You have to be the age of 12 or under to apply for this account. If this is you, the application can be completed in under 10 minutes.

Have the following information on hand to complete the online application.

Identification

Basic personal contact information is required to apply for this account. Enter your name, date of birth, email, residential address and contact number.

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How the Finder Score helps you find a better savings account

The Finder Score is a simple score out of 10. The higher a savings account's score, the better we think it is for the average customer.

We score each savings account in our database of hundreds based on a data-driven methodology with 2 main criteria: Does the account offer a high interest rate? And is it easy for savers to actually earn that rate?

Read the full Finder Score breakdown

Sources
  1. Border Bank Kid's Dynamo/Flex Savings Account information page
  2. Border Bank Kid's Dynamo/Flex Savings Account TMD

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Alison Finder

Editorial Manager, Money

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Alison Banney

Editorial Manager, Money

Alison is an editor at Finder and a personal finance journalist with over 10 years of experience, having contributed to major financial institutions and publications such as Westpac, Money Magazine, and Yahoo Finance. She is frequently quoted in media outlets like SmartCompany and SBS, offering expert insights on superannuation and money management. Alison holds a Bachelor of Communications in Public Relations and Journalism from the University of Newcastle, and has earned three ASIC RG146 certifications in superannuation, securities and managed investments and general financial advice, ensuring her expertise is fully aligned with ASIC standards. See full profile

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