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Kids, teens and youth banking

Childhood is the best time to teach kids about money. Teaching your children how to manage their money from an early age could help them to develop a healthy relationship with money. Open their first savings account with us to kickstart their journey of saving and banking with ease.

ANZ Progress Saver - a great first bank account for young people

Benefits of having an ANZ Progress Saver

ANZ Progress Saver gives young people a good introduction to the benefits of saving regularly and earning interest.

  • $0 monthly account service fee
  • Under 18s can apply for a ANZ transaction fees waiverdisclaimer
  • Set up regular deposits to help them save
  • Track their progress with a savings graph on every statement
  • Qualify for bonus interest when they make at least a single deposit of $10 or more in a month and no withdrawalsdisclaimer
  • Eligible for the set a savings goal feature in the ANZ Appdisclaimer

How bonus interest works

Deposit at least $10 once a month.disclaimer

Make no withdrawals (including transfers), or incur any fees and charges in the month.

In any given month they could earn

Total rate = Base interest  + Bonus interest

Can't make a deposit or need to make a withdrawal in a month?

That’s OK, they’ll still get the base rate of interest and will be eligible to qualify for bonus interest again the following month.

Base rate of interest

How to apply

Take a moment to review how ANZ Progress Saver works to help you decide if it's right for your child.



  • Bonus interest if you deposit at least $10 in one transaction and don't withdraw or transfer money out (or incur fees and charges)disclaimer
  • No monthly account service fees
  • Unlimited Internet Banking Transactions
  • One other fee-free ANZ Transaction each monthdisclaimer
  • The ability to make payments online, by phone or in-branch

Things to consider

  • Taking money out or incurring any fees or charges disqualifies you from earning bonus interest for that month
  • If you don't qualify for bonus interest, you'll get the base ratedisclaimer
  • Other charges may apply after the first ANZ transactiondisclaimer
  • Generally, ANZ won’t process a transaction that will overdraw your account. However, if your account is overdrawn, you may be charged interestdisclaimer
  • Set up a monthly transfer to ensure you make a deposit
  • This account is for personal use
  • If you need a more flexible saving option, try our Online Saver Accountdisclaimer

Open an account

0-11 years old

Call us or visit a branch to open an account in Trustdisclaimer for your child. Then bring their birth certificate and acceptable ID for yourself into a branch.

12 - 17 years old

Open an account in their name or jointly with a parent or guardian if your child can sign a consistent signature. Otherwise, apply in Trust.disclaimer

Apply now

For joint account applications, after ANZ has opened your account, you will need to visit an ANZ branch with all account holders to sign a Joint Account Authority Form. You will not be able to access your joint account until this form is signed.

Other ways to apply

ANZ Internet Banking

If you’ve registered, log in and select open a new account. Then the click on the Bank accounts tab and look for ANZ Progress Saver.

Log in

Call us

We're available Mon-Fri 8.00am to 8.00pm (AEST).

13 33 33

Visit a branch

Locate an ANZ branch near you.

Locate us

Ready to apply?

Apply now

It takes less than 10 minutes to apply.

Other ways to apply: Visit any ANZ Branch or call 13 33 33 Mon to Fri, 8am to 8pm.

For joint account applications, after ANZ has opened your account, you will need to visit an ANZ branch with all account holders to sign a Joint Account Authority Form. You will not be able to access your joint account until this form is signed.

Help your kids to plan their savings with our cool calculators

Savings Calculator

Use our Savings Calculator to find out how much and how long you'll need to save to achieve your savings goal.

Savings Booster Calculator

Our Savings Booster Calculator will show you how a small change in your spending habit could save you a lot.

Related products and features both you and your kids will love

Everyday account

Children aged 12+ can request an ANZ Access Visa Debit carddisclaimerwhen they open an ANZ Access Advantage. No monthly fee for under 25s or if they meet our other eligibility criteria.disclaimer


ANZ Online Saver

With ANZ Online Saver your child can access their money via their linked ANZ everyday account.disclaimer Check out our bonus interest offer for new customers. 


ANZ term deposits

Enjoy a known rate of return for your choice of term, so you know exactly what your investment will be worth. Learn more


Youth and money

Parents, young adults and children alike could benefit from these tips and guides on forming good money habits and managing a healthy relationship with money. Read now

Frequently asked questions

ANZ Plus is ANZ’s digital banking service available in the new ANZ Plus app.

It comes with an ANZ Plus transaction account and a multi-goal ANZ Save account, and a new-look ANZ Plus Visa Debit Card.

The ANZ Plus app has a range of features to provide more visibility and control of your money and spending.

You can only access ANZ Plus in the ANZ Plus app. You can't access other ANZ accounts in the ANZ Plus app.

Other ANZ bank accounts can be accessed through the ANZ app or Internet Banking, ANZ branches and over the phone.

Find out more about ANZ Plus at

If you're a new customer, you'll need to provide: one form of Primary ID or two Secondary IDs. Examples of each are listed below. To find out more and see the full list of acceptable forms of identification documents read Customer Identification Process (CIP) - Acceptable Identification Documents (PDF).

Examples of Primary ID

  • Australian photographic driver's licence or learner's permit
  • Australian Passport (current, or one that has expired within the past two years)
  • Foreign passport disclaimer
  • Australian or Foreign citizenship certificatedisclaimer
  • Australian state/territory government issued Proof of Age card
  • Government issued National Identification card

Examples of Secondary ID

  • Birth certificate (can be issued by an Australian State or Territory, or Foreign Government)disclaimer
  • Australian or Foreign citizenship certificatedisclaimer
  • Australian Medicare card
  • Australian School attendance letter issued by principal to person under 18, recording residential address and period of attendance (less than 3 months old)
  • Australian Taxation Office (ATO) assessment notice (less than 12 months old) with name and address

If you're a new customer, you'll need to provide any two of the following:

  • Australian Passport (current or one that has expired within the last 2 years)
  • Australian Visa in foreign passport
  • Australian driver’s licence
  • Australian Medicare card

For more information on methods to complete your identity check, please refer to our Identity Conditions page.

Some extra peace of mind for banking in Australia. Deposits of up to $250,000 with ANZ can be covered by the Australian Government’s Financial Claims Schemedisclaimer. This means that this money is guaranteed if anything happens to ANZ.

When using ANZ Internet Banking or the ANZ App, you’ll be reimbursed for any unauthorised transactions, provided that you have complied with the Electronic Banking Conditions of Use.

Find out more about ANZ's internet banking security

We will pay the base interest and, if applicable, the bonus interest calculated for each calendar month into your account on the last business day of that month.

Learn more 

For ANZ Online Saver accounts, ANZ Progress Saver accounts, ANZ Premium Cash Management Accounts and ANZ Pensioner Advantage accounts we will work out interest on the balance of your account at the end of each day. 

Learn more

Any advice does not take into account your personal needs and financial circumstances and you should consider whether it is appropriate for you. ANZ recommends you read the ANZ Saving & Transaction Products Terms and Conditions (PDF) and the Financial Services Guide (PDF) which are available at or by calling 13 13 14 before deciding whether to acquire, or continue to hold, the product. Fees, charges and eligibility criteria apply.

Customers aged under 18 need to show proof of age at an ANZ branch in order to receive their transaction fees waiver. Fees and charges apply. Please refer to ANZ Personal Banking Account Fees and Charges (PDF) for fees and charges that apply.


Bonus interest is subject to eligibility. ANZ Progress Saver pays bonus interest (in addition to the current variable base interest) in respect of a particular month if the set minimum deposit (currently $10) and no withdrawals, fees or charges are processed to the account on or before the last business day of that calendar month, and after the last business day of the previous calendar month. Bonus and base rates are variable and subject to change.


The ANZ App is provided by Australia and New Zealand Banking Group Limited (ANZ) ABN 11 005 357 522. Super and Insurance (if available) are not provided by ANZ but entities which are not banks. ANZ does not guarantee them. This information is general in nature only and does not take into account your personal objectives, financial situation or needs. ANZ recommends that you read the ANZ App Terms and Conditions available here for iOS (PDF) and here for Android (PDF) and consider if this service is appropriate to you prior to making a decision to acquire or use the ANZ App.

ANZ App for Android is only available on Google Play™. ANZ App for iPhone is only available from the App Store.

Apple, Apple Pay, Apple Watch, Face ID, iPad, iPhone and Touch ID are trade marks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Android, Google Play and the Google Play logo are trade marks of Google Inc.


One fee-free ANZ Transaction per month. Additional ANZ Transactions charged as: Electronic Transactions $1.00 each, Staff Assisted Transactions $2.50 each. ANZ Internet Banking transactions are free. ANZ Transactions, Electronic Transactions, Staff Assisted Transactions and Internet Banking Transactions are defined in the ANZ Personal Banking Account Fees and Charges (PDF) booklet. Any withdrawals in a particular month, including those that are free of charge, will disqualify you from bonus interest for that month.


Debit interest may apply. Please refer to ANZ Personal Banking Account Fees and Charges (PDF).


Open your first ANZ Online Saver account and you'll receive an introductory fixed bonus rate of % p.a. for 3 months, on top of the ANZ Online Saver standard variable rate (currently ).  After 3 months, the ANZ Online Saver standard variable rate, applicable at that time, will apply. The introductory fixed bonus rate is only available on the first ANZ Online Saver account opened by customers who have not held an ANZ Online Saver in the last 6 months. In case of joint account holders, the introductory fixed bonus rate offer will only be received if all customers are eligible.


For children under 12, a parent or guardian will need to open the account in Trust for the child. Customers aged 12 to 17 who can sign a consistent satisfactory signature can open an account in their own name or as a joint account with a parent or guardian.


Eligibility criteria apply to the issue of ANZ Access Visa Debit card. Fees may apply (for example, overseas transaction fees, overseas ATM transaction fees and non-ANZ operator fees). Please refer to the ANZ Personal Banking Account Fees and Charges (PDF) and ANZ Saving & Transaction Products Terms and Conditions (PDF) for details.


On application for the waiver by an eligible customer, the monthly account service fee will be waived on one nominated ANZ Access Advantage account. For more information on Exemptions and Concessions please refer to ANZ Personal Banking Account Fees and Charges (PDF).


ANZ Online Saver is only available to customers who open or who are the account holders of, or signatories to, eligible ANZ everyday banking accounts with ANZ Internet Banking or ANZ Phone Banking access. Eligible accounts include ANZ Access Advantage, ANZ Access Basic, ANZ Pensioner Advantage, ANZ Progress Saver, ANZ V2 PLUS and ANZ Premium Cash Management Account. Terms and conditions and fees and charges apply to the eligible account.


If your identification document is written in a language other than English, you must provide a translation into English by a translator who is accredited by the National Accreditation Authority for Translators and Interpreters.


The guarantee applies to the total balance held in one or more ANZ deposit accounts by each legal entity, up to a maximum amount of A$250,000. For further information please refer to the Financial Claims Scheme.