Clancy Koala account

One for the little savers

The Clancy Koala account isn’t just a place to store your kid’s money. It’s a tool to help you teach them about the importance of saving.

With no fees and bonus interest to reward good saving habits, our account is designed to give kids the confidence to make smart financial decisions.

Plus, you can easily track their progress online.

Clancy Koala account

5.00% p.a.**

with no withdrawals and monthly deposits of $101

Want to know more?

If you’re ready to kick-start your savings journey, we’d love to chat about how we can help make your savings dreams come true.

Why pick a Clancy Koala account for your child?

It might not seem like the most exciting gift, but good financial habits are one of the most important things we can give our kids.

As self-confessed money nerds, we love being there at the very start of a child’s financial journey. So we’ve rounded up some of the most valuable features into an account designed to help kids take their first steps towards a brighter financial future.

Made for the littlies

We’ve designed this account to get kids aged 11 and under started on their savings journey.

Rewarding great savers

We’ll boost your child’s savings with bonus interest when they show great savings behaviour.

Save more with no fees

We’ve said goodbye to all fees on this account to help your child boost their savings.

Designed for kids & parents

We’ve designed our Clancy Koala account with kids – and parents! – in mind. It brings together great interest, fee exemptions and online account management together so you and your child can start their journey towards financial independence.

Browse Features

Clancy Koala account

Bonus interest with no withdrawals and monthly deposits of $101
$0 account and transaction fees
Deposits can be made at branch or online
Option to link account to family internet banking
Fully featured iBank, Hume Bank App, and phone banking

The interest you’ll earn

Account balanceRate typeInterest rate (p.a.)
$1+Base rate0.01%
$1+Bonus rate4.99%**
$1+Total (Base + Bonus)5.00%

Know the basics

We know that growing smart money habits is about more than products. It’s about having resources that make learning about money fun and easy. Take a look at our tools and guides for ideas about how to connect with your kids about money, savings, budgeting and more.

Get the ball rolling

There are so many ways to start your savings journey with us. Reach out in person or on the phone – our team will be happy to help you make a move on your savings!

Choose an account to grow your savings

As you can see, no matter what stage of life you’re at, getting serious about saving means putting aside the old piggy bank.

Once you’ve got a sense of the features you’re looking for in a savings account, get out there and find your perfect match!

iSave account

3.00% p.a.*

interest on balances $1 or more

  • $0 monthly access fees
  • No minimum opening balance
  • Withdraw your money any time
  • No minimum monthly deposit
  • Open an account instantly online with iBank
  • Fully featured iBank, Hume Bank App, and phone banking

Reward Saver account

5.00% p.a.**

with $10 deposits and no withdrawals in a month

  • $0 account keeping fees
  • No minimum opening balance
  • Two fee-free branch withdrawals per month
  • eStatements available
  • Eligible for linked account fee exemptions
  • Fully featured iBank, Hume Bank App, and phone banking

Term deposit

4.50% p.a.***

100 days at maturity $1,000 and over

  • Competitive interest rate
  • Fixed interest payments
  • $0 set up fee
  • No monthly fees
  • Wide range of terms available
  • Government Guaranteed Deposit

Different strokes for different folks

It doesn’t matter who you are, what your savings goals are, or what stage of life you’re in. We’ll help you save bigger and earn better so you can reach your dreams – whatever they may be.

Things you should know

Rates, fees and charges and other information correct as at 1 December 2023 and may change without notice.

Terms, conditions, fees, charges and eligibility criteria apply.

Please read the Product Disclosure Statement and Fees & Charges and consider whether this product is right for you. Also available in branch or at 1300 004 863.

To view the Target Market Determination for this product go to Target Market Determinations.

Download a copy of our Personal account rates. Find out how to reduce your fees and charges.

Unapproved debit balances incur interest at 15.90% p.a. calculated daily on full closing balance and debited on the last calendar day of each month.

* Interest is calculated daily and paid monthly.

** Interest is calculated daily and paid monthly. Bonus interest is calculated daily and paid monthly provided that $10 or more was deposited and no withdrawals were made in the month. Deposits must be made by 5pm on the last day of the month to earn bonus interest.

*** Interest is calculated daily and paid on maturity.