Savings account · Up to 17 years
Great Southern Bank Youth eSaver
5.75%p.a. total
No bonus conditions: the rate is paid every month
6th of 151 savings accounts · market average 4.37%
The RBA raised the cash rate to 4.60% on 30 September. Youth eSaver moved on 27 October, 27 days later.
What it asks
Nothing each month- Each month
Nothing. The rate is paid every month.
- Who can open it
Anyone under 18
- Balance
The top rate is paid on balances up to $5,000.
Rate history
Last change 27 Oct- Youth eSaver
- RBA cash rate
- Market average
October 20261 change
- 27Tue
- 5.50 → 5.75Total rate 5.50% → 5.75% · 27 days after the RBA rise to 4.60%+0.25
May 20261 change
- 22Fri
- 5.25 → 5.50Total rate 5.25% → 5.50% · 16 days after the RBA rise to 4.35%+0.25
April 20261 change
- 3Fri
- 5.00 → 5.25Total rate 5.00% → 5.25% · 16 days after the RBA rise to 4.10%+0.25
- #2FebFeb 2026: ranked 2 of 42
- #10MarMar 2026: ranked 10 of 64
- #6AprApr 2026: ranked 6 of 76
- #2MayMay 2026: ranked 2 of 79
- #5JunJune 2026: ranked 5 of 79
- #5JulJuly 2026: ranked 5 of 80
- #5AugAug 2026: ranked 5 of 80
- #7SepSep 2026: ranked 7 of 120
- #5OctOct 2026: ranked 5 of 150
- #6NowNov 2026: ranked 6 of 151
- Top 5%
- Top 10%
- Top 25%
- Top half
- Lower half
In the top 10% for 9 of the last 10 months. Never below the top 25%.
- Interest a year
- $737
- Each month
- $61
- Against the average (4.37%)
- −$1,446
On a $50,000 balance. Type yours above; it's kept with your savings preferences.
On $50,000: 5.75% to $5k, then 1.00%.
No monthly conditions. The higher rate is paid on the first $5,000, the lower rate on the rest. Becomes a Goal Saver account at 18.
Notes from savers
to leave a note.
Other Great Southern Bank accounts: Goal Saver 5.60% · Home Saver 5.50% · Future Saver 5.10% · Everyday Saver 5.05%
Pays 5.75% p.a. with no bonus conditions as of 1 November 2026. Ranks 6th of 151 savings accounts tracked by BankMate, 1.38 points above the average of 4.37%. The rate last rose on 27 October 2026, 27 days after the RBA raised the cash rate to 4.60%. From Great Southern Bank's Consumer Data Right feed, refreshed nightly. Compare savings accounts ·