In a world where plastic cards are handed over to pay for things and shopping can be done from home, children today can miss out on learning the value of money.
The P&N Bank Way Cool Saver Savings Account is specially designed for kids to help them start on a regular savings plan. With no account fees, limited transaction fees and no minimum monthly deposit required to earn interest, it’s an easy to understand account that will get your kids off to a great financial start.
- Just for kids - between 0 and 15 years of age.
- Start saving today - no minimum monthly deposit required to earn interest and no minimum opening balance.
- Automatically save - with P&N's Pay&Save. Link to an & Transaction Account with Pay&Save and you can round up Visa Debit purchases to the nearest dollar – and save the difference into your Way Cool Saver account.
- No monthly fee - get more bang for your buck. We don't charge any monthly service fees on this account.
- Fee free transactions - keep more of your money. A range of fee free transactions are included in your Way Cool Saver Account.
- Teach your kids the true value of money - give them access to the account with an optional card (for children over 12 with parent/guardian permission).
- Easy access - kids can access their funds via SMS banking. (They'll need your permission for Internet Banking, Mobile App and Phone Banking.)
|Interest Calculated||Interest Credited|
|Way Cool Saver||$0 - $4,999||1.10% p.a.||Daily balance||Last day of every month|
|Way Cool Saver||> $5,000||0.00% p.a.||Daily balance||Last day of every month|