We're looking to open an account for our DD which will put money into for her future...
I'm just hoping someone has a recommendation on a good account to open?
Also what details do the banks need when opening an account for a minor?
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29-07-2012 16:26 #1
Bank account for bubba? Which one?
29-07-2012 16:33 #2wishes she was a glow worm. A glow worm's never glum, 'cos how can you be grumpy when the sun shines out of your bum?
- Join Date
- Apr 2012
- Under Your Bed
Subbing. You need birth cert for these hey?
29-07-2012 16:34 #3
Bank west has a great kids account with an excellent interest rate. It has won quite a few awards.
I'm pretty sure we had to show his birth cert, but my memory is foggy
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29-07-2012 16:37 #4
Yep all you need is the birth cert. I opened a bankwest one for my DS and put in $30 a month, u get bonus interest for depositing minimum $25 a month.
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29-07-2012 16:40 #5
We opened a normal online high interest saver in our own names for now. I figure a general account in DDs name would mean we had no control over when she can access it in her teens or tax breaks for us, whereas one day when get around to setting up some sort of trust account which means we can choose the terms.
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29-07-2012 16:51 #6
Bankwest here too. Were with commonwealth but they were so cr@p!
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29-07-2012 19:06 #7
We got the Bankwest Kids Bonus Saver account too. They setup the Bonus Saver account and a standard account. You get 10% interest whenever you put in minimum of $25 a month (but cant put in more than $250 in one month or it automatically gets shifted across into the standard account). You dont have to put money in every month though. I just showed the birth certificate.
Last edited by HouseOfFun; 29-07-2012 at 19:10.
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29-07-2012 19:14 #8-
- Join Date
- Nov 2008
BankWest kid savers accounts here for my two.
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29-07-2012 19:19 #9
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29-07-2012 19:38 #10
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