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Father measuring height of his little son near wall; image used for Australia Premier Children's Saving Account .

Premier Children's Savings Account

Give your children the benefit of Premier status

Features of the Premier Children's Savings Account:
  • $0 Monthly account fee1
  • $0 ATM fees2
  • International recognition as an HSBC Premier customer
  • A Premier Visa Debit Card for all your everyday spending in-store, online and overseas
  • Valid for children of HSBC Premier customers aged 30 and younger
Available exclusively to children of HSBC Premier customers.

Account structure

We allow the following structures for the HSBC Premier Children Saving's Account:

  • An account where you are the trustee
  • A joint account in the name of your child and yourself (available for children aged 12 to 30)
  • A personal account for your child in their name alone (available for children aged 16 to 30)

Please note:

A Premier Visa Debit card is not available for children younger than 12.

Interest rates

Interest rates for Premier Children's Savings Account
Amount range
Interest rates
$0 - $4,999 0.01% p.a.
$5,000 - $9,999
0.10% p.a.
$10,000 + 0.15% p.a.
Interest rates for Premier Children's Savings Account
Amount range
$0 - $4,999
Interest rates
0.01% p.a.
Amount range
$5,000 - $9,999
Interest rates
0.10% p.a.
Amount range
$10,000 +
Interest rates
0.15% p.a.

Variable rates current as at 30 November 2020.

Fees and charges

Apply for a Premier Children's Savings Account

Important information

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HSBC Premier eligibility criteria applies, and is set out in the HSBC Premier Service Guide. Eligibility criteria remains at HSBC's absolute discretion. Terms, conditions and other restrictions apply. The HSBC Premier privileges set out above are current and are subject to change. Other fees and charges, terms and conditions apply.

  1. Other banking services fees and charges may apply. See our Personal Banking Booklet (PDF).
  2. Non-HSBC branded ATMs and HSBC Group ATMs in Argentina, France, Greece, Malta, Mexico and Turkiye may charge an ATM operator fee for withdrawals or balance enquiries at their ATMs.

This advertisement provides general advice only and doesn't take into account your objectives, financial situation or needs. Consider the Transaction and Savings Accounts Terms (PDF) and Financial Services Guide (PDF) before acquiring this product, available by calling 1300 308 008, at your local branch or Issued by HSBC Bank Australia Limited ABN 48 006 434 162. AFSL 232595.