Cubs Account
Helping young savers grow.
Key features
For kids under 12 years of age
Attractive interest rate
Deposit and withdraw money over the counter
24/7 fraud protection
Annual birthday voucher
Fees and requirements
0 to 12 years
No account keeping fees
Rates
Up to $10,000
2.80
%p.a. interest rate*
$10,001 to $20,000
0.25
%p.a. interest rate*
$20,001+*
0.10
%p.a. interest rate*
Have a question about this account? Contact us
*Interest rates are variable and subject to change without notice.
Before applying for a Coastline Cubs account or Cubs Fixed Term Deposit, you should read the Conditions of Use (COU) and Schedule of Fees and Charges and Transaction Limits to consider whether the product is appropriate for you.
Once the account holder turns 12 years of age, the account holder will roll over into a Coastline Kickstart account.
*Acceptance of deposits over $250,000 at Coastline’s discretion.
Conditions of use | Schedule of fees and charges | Financial services guide | Summary of accounts | Deposit interest rate sheet
Here to help
Teaching kids to save doesn’t have to be a boring lecture. By making saving fun and engaging, you can help your children build strong financial habits from an early age. In this article, we’ll share practical tips to bring saving to life and give your kids the skills to manage their money confidently. Here’s how to make saving a rewarding adventure!
- Learn more
Teaching kids to save doesn’t have to be a boring lecture. By making saving fun and engaging, you can help your children build strong financial habits from an early age. In this article, we’ll share practical tips to bring saving to life and give your kids the skills to manage their money confidently. Here’s how to make saving a rewarding adventure!
- Learn more
When it comes to saving, time can be your best friend. In this article, we’ll help you learn the benefits of making an early start on saving, and how it can help you reach your goals sooner.
Budgeting & savings calculators
Budget planner calculator
Manage your money effortlessly by tracking your income and expenses.
Savings calculator
Create a savings plan and get started on your goals today.
FAQs
The Coastline Cubs Account is a savings account designed specifically for children under 12 years old. It helps young savers learn about money and banking in a simple and fun way.
Kids will also benefit from value-for-money features like no account-keeping fees, a competitive interest rate and special rewards for consistent savings.
The Coastline Cubs Account is a savings account designed specifically for children under 12 years old. It helps young savers learn about money and banking in a simple and fun way.
Kids will also benefit from value-for-money features like no account-keeping fees, a competitive interest rate and special rewards for consistent savings.
Children under the age of 12 are eligible for a Cubs Account. Parents and guardians can open the account on behalf of their child and help them manage it, but the account must be in the child’s name.
Once your child turns 12, the account will automatically transition into a Coastline Kickstart Account.
Yes, your child can deposit and withdraw money over the counter at a Coastline branch. However, it’s important to note that this is a savings account, so it’s designed to help teach them about long-term saving rather than frequent spending.
Yes, you can transfer money into your child’s Cubs Account at any time, either through direct bank transfers or by making a deposit at a Coastline branch.
To open a Cubs Account, you’ll need:
proof of identity for your child, such as a birth certificate or passport
a residential address.
If you’re a parent or caregiver and being added as an authorised signer, you’ll also need to provide proof of identity.
Simply visit your nearest Coastline branch, and our friendly team will assist you with setting up the account and getting your young saver started.
General advice warning
This advice has been prepared without taking your objectives, financial situation, or needs into account. Before acting on this advice, you should consider whether it is appropriate for your circumstances. For more details, access the relevant Product Disclosure Statements, Target Market Determinations or Financial Services Guides under 'Important information' on our product pages.
All loan applications are subject to credit approval. Interest rates may vary, and fees and charges could apply.