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Clancy Koala Account

Give your child a head start


We teach our children about good manners and healthy eating habits, but what about money?

The Clancy Koala account is a great way to help encourage your child to save and learn the value of money from an early age.

The passbook account is completely fee exempt and offers children aged 13 years and under bonus interest each month when $10 or more has been deposited and no withdrawals are made.

Features

No account keeping fees
Free internet, mobile and phone banking *
No transaction fees 
Passbook account
Free use of BPAY and periodical payments
Ability to earn bonus interest
Deposits made at branch or through school banking

*Data charges may be applied by your phone provider depending on your mobile plan.

Transaction fees may apply, please refer to the Fees tab or the Fees and Charges Brochure for more information (available here)

Rates

Account Balance $ Rate Type Interest Rate % p.a.
$1+ Base rate 0.75%
$1+ Bonus rate 3.00%

Rates effective from 1 April 2013 and subject to change without notice. Unapproved debit balances incur interest at 15.90% p.a. calculated daily on full closing balance and debited on the last calendar day of each month.

Interest is calculated daily and paid monthly. Bonus interest is calculated daily and paid monthly provided that $10 or more was deposited and no withdrawals were made in the month.

Fees

Fees

Charges

Deposits at Hume branches

Free

Internal transfers

Free

Electronic Banking - iBank, mBank and Hume Connect (excluding cheques)

Free
Direct Debit, Direct Credit, BPay, Internal transfers, External funds transfers via electronic banking. Free

Number of free transactions per month

 Fee Exempt

The following fees apply after free transaction number is exceeded:

Withdrawal - Cash at branch

Free

Withdrawal – Financial Institution cheque (at counter or via iBank)

 Free
Electronic external transfer at counter Free

Please read the Product Disclosure Statement and Fees and Charges (available in branch, by phoning 1300 004 863 or here) and consider whether this product is right for you.