Teaching kids under 12 how to save.
Three reasons to open a PiggySaver Account
Find out if this account is the right fit for you.
Savings simplified
Designed for kids under 12. A fun and rewarding way to introduce them to saving
Attractive ongoing interest rate
Ongoing variable interest rate of 3.70% p.a.
No monthly service fee
Watch your savings grow without worrying about monthly service fees
Save with an attractive interest rate
Earn an attractive ongoing variable interest rate.
3.70
Ongoing variable interest rate
%
p.a.
PiggySaver Account summary
Earn interest with easy access to your savings
- Minimum opening balance of just $1
- e-banking and phone banking anywhere, anytime
- Free money box when the account is opened in-branch
- Kids aged 4-10 receive a birthday gift when they visit a branch
- Go green and set up e-statements on your account
Rates and fees
Here are some rates and fees that may apply to your account. For the full list of fees and charges, please refer to schedule of fees and charges.
Monthly service fees
$0
Branch & ATM
$0 - unlimited Bendigo Bank ATM and branch withdrawals
Transactions
$0 - unlimited free transactions via e-banking or the Bendigo Bank app
Interest rate
Current variable interest rate is 3.70% p.a.
Interest calculated daily and paid monthly.
Before you start
Read our eligibility criteria and have your documents ready.
Identity
If you are a new customer we will need to verify both your identity and your child's:
Parent/Guardian bring any two of:
- Drivers Licence
- Passport
- Medicare
Child must bring both:
- Birth certificate
- Medicare
Eligibility
- You need to be an Australian citizen or resident
- Be aged 12 years or under
Joint or Business accounts
Not available to business customers. Please visit a branch to open a joint account.
Open a PiggySaver Account
Check that you meet our eligibility criteria. Open our convenient transaction account and get access to useful features.
Apply in-branch
If you are a new or an existing customer, you can apply at your preferred branch.
Contact us
If you’d like more information you can contact us on 1300 236 344.
Enquiry form
If you’d like more information and would prefer we contact you, fill out our online enquiry form.
Helpful tools
Discover our library of helpful tools to manage your savings, set goals, and achieve more.
Frequently asked questions
What age does a child need to be to open a PiggySaver Account?
Children need to be under the age of 12. The account must also have at least one parent/guardian as a non-titled member. Grandparents can open a PiggySaver Account for their grandchildren, but they will need to open one PiggySaver Account per child, no joint accounts for multiple children.
Can I and my child transact on the PiggySaver Account in e-banking and the app?
Yes, you’ll be able to see the PiggySaver Account in e-banking and the app. The account can receive direct credits and you can also setup direct debits from the account.
What is the minimum balance required to open a PiggySaver?
The minimum deposit required to open a PiggySaver is $1.
Can a PiggySaver Account be opened online?
No, at this stage we are unable to open a PiggySaver Account online. As the parent or guardian, you will need to book an appointment with your local branch.
How do PiggySaver customers receive their birthday gift?
Customers will need to visit their local branch during their birthday month to collect a gift.
Can a Parent or Guardian open and close accounts on behalf of children under 12?
Yes, as long as that parent or guardian is listed as the Non-Titled member on the account. The child does not need to be present for this to occur.
What happens to the PiggySaver Account when my child turns 12?
We will automatically convert your child's PiggySaver Account to a Student Account within a week of them turning 12. We will send you a letter to confirm when the conversion has been completed. The account number will remain the same so any automatic transfers you have setup won’t be impacted.
Need help?
Whether you prefer online resources, phone assistance, or a friendly face-to-face chat, we offer a variety of ways to get the support you need. Let us know how we can help!
Online
Complete the online enquiry form and a banking team member will contact you via your preferred channel, phone or email.
At a branch
Use our branch locator to search for a branch, agency or ATM near you.
Phone
If you have clicked on any suspicious links and entered your e-banking details:
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Things you should know
Target Market Determinations for products are available.
This information does not take your personal objectives, financial situations or needs into account. You should consider its appropriateness to your circumstances before acting on this information. Please read the disclosure documents for your selected product or service, including the Terms and Conditions, before deciding. Please also review our Financial Services Guide (FSG) before accessing information on this website. Information on this page can change without notice to you.
PiggySaver Account
Teaching kids under 12 how to save.
