Accounts for kids up to 6 years' old

Build savings for your little one to help set them up for later.


Choose your account

Earn premium interest with an ANZ Serious Saver account

Standard interest rate

Rate is unavailable


Calculated daily and paid on the last business day of the month.

Premium interest rate

Rate is unavailable


Premium interest is paid if you make no withdrawals and deposit $20 or more (not including credit interest) before the end of the month. Calculated on your average balance for the month, and paid on the last business day of the month.

Total interest rate

Rate is unavailable


Choose whose name the account will be in

Option 1: Opening a new account in your child's name

  • A parent or guardian can be an authorised signatory on the account*. As an authorised signatory on your child’s account, you do not own the money in the account but you can access the account in your own goMoney app and Internet Banking. 
  • While you’ll have full access to the money in the account (other than card access) where you’re an authorised signatory, use of the account and any withdrawals must only be in the best interest and benefit of your child.
  • You can help your child learn about money as they grow. With your consent, once the child turns 7, they can also have access to their account in goMoney and Internet Banking.

When your child turns 13, they can remove you as an authorised signatory to their account without your consent.  They will then have sole access to their account in goMoney and Internet Banking. They can also open a new account in their own name without your consent.

Option 2: Open the account in your name as an informal trust for your child

If you (the parent or guardian) want to open an account for your child that they can’t access, you can open the account in your name and hold the money in a kind of trust for your child. For example, if you want to save money that they can’t access until they’re much older, this may be the right account structure for you. We call this an ‘informal’ trust account.

While you will have full access to the money in the account, use of the account or any withdrawals must only be for the benefit of your child.

It also means that you (the parent or guardian) have:

  • Visibility and control over the account.
  • Access through your own ANZ goMoney app and Internet Banking.
  • One free withdrawal a month (losing premium interest for that month). Then it’s $5 per month for two or more withdrawals.

From 13 years old, if your child is ready, they can open a new account by themselves in their own name, without your consent. 

Key differences of the two access options

Option 1: Account in a child's name

Option 2: Account in a parent or guardian's name

Who can withdraw or transfer money from the account?

Parent or guardian (if they have authorised signatory access*; must only be for the child’s benefit)

Parent or guardian only (must only be for the child’s benefit)

Who can use/view the account in their goMoney app and Internet Banking?

Parent or guardian only** (if they have authorised signatory access*)

Parent or guardian only

Who can get information about the account over the phone and in a branch?

Parent or guardian (if has information or  authorised signatory access*)

Parent or guardian only

Earn premium interest



Account fees



Transaction fees


One free withdrawal a month. $5 per month for two or more withdrawals.




*Access available to children’s accounts has changed. If you do not currently have authorised signatory access to your child’s account but wish to have this added, please contact us.

**With your consent, from the age of 7 a child can be set up with an EFTPOS card, and/or have access to goMoney and Internet Banking.

How to apply

From overseas: +64 4 470 3142


KiwiSaver for kids

A KiwiSaver account can be a great way for kids to learn about the value of saving. With the ANZ KiwiSaver Scheme, there’s no minimum amount you need to put into the account. You choose how much and how often to contribute. 

Helping kids learn about money

Teaching kids how money works and encouraging good savings habits will help set them up well for the future.

How to bank safely

We’re committed to keeping your family’s banking safe. By working together, we can keep you even safer. Find out what you should do to bank safely. 

Important information

This material is for information purposes only. We recommend seeking financial advice about your situation and goals before getting a financial product. To talk to one of our team at ANZ, please call 0800 269 296, or for more information about ANZ’s financial advice service or to view our financial advice provider disclosure statement see

Our eligibility criteria apply. Fees and interest rates are subject to change. Non-standard fees may apply. Please use the following links for full details of our Terms and ConditionsFees and Charges (PDF 166KB)ANZ EFTPOS Card and ANZ Visa Debit Card Conditions of Use (PDF 103KB), and ANZ Electronic Banking Conditions (PDF 129KB).

Registration is required for ANZ goMoney, ANZ Internet Banking and ANZ Phone Banking. Telephone, mobile operator and internet service provider charges may apply to these services. Eligibility criteria and terms and conditions apply.  See our Electronic Banking Conditions for more information.