Kickstart Fixed Term Deposit
Get the kids saving smarter with a Kickstart Fixed Term Deposit. Start with as little as $500 for a 3-month term.
Key features
No service fee
Interest paid on maturity
3-month term
Attractive interest rate
Manage your account using the MyCOAST App
Kickstart Fixed Term Deposit for teens 12-17 years
Fees and requirements
Minimum starting balance $500
Available to Kickstart members only
Rates
$500 to $10,000+ 1
4.20
%p.a. 3 month interest rate*
Questions about our Kickstart Fixed Term Deposit? Contact us, we’re happy to help.
*Rates quoted apply to individual deposits only. Interest rates shown are per annum (p.a.).
1Maximum investment amount is $10,000. Any investments above $10,000 will need to be placed on another one of Coastline Bank’s carded Term Deposit accounts.
Kickstart Fixed Term Deposit is available to Kickstart account holders only.
Early redemption of Kickstart Fixed Term Deposits is entirely Coastline Bank’s discretion and will incur penalty interest of 1.00% p.a. (penalty interest rate is subject to change without notice)
Conditions of use | Schedule of fees and charges | Financial services guide | Summary of accounts | Deposit interest rate sheet | Target market determination
Here to help
Starting your child’s savings journey early can set them up for a bright financial future. Term deposits, like our Cubs and Kickstart, are a fantastic way for young savers to start maximising their money with little effort. In this article, we’ll explore the benefits of opening a term deposit early, from the power of compound interest to instilling healthy financial habits. We’ll show you how opening a term deposit can pave the road to financial success!
- Learn more
Starting your child’s savings journey early can set them up for a bright financial future. Term deposits, like our Cubs and Kickstart, are a fantastic way for young savers to start maximising their money with little effort. In this article, we’ll explore the benefits of opening a term deposit early, from the power of compound interest to instilling healthy financial habits. We’ll show you how opening a term deposit can pave the road to financial success!
- Learn more
Teaching kids and teens the value of saving money can be both fun and rewarding. In this article, we’ll explore ten enjoyable ways to encourage saving in kids and teens, from setting up savings challenges to introducing the Cubs and Kickstart term deposits. Let’s turn saving into an exciting adventure that empowers the next generation to achieve their financial dreams!
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FAQs
Our Kickstart Term Deposit is a fixed rate term deposit account designed specifically for young savers. Teens can open an account and watch their savings grow with as little as $500.
Our Kickstart Term Deposit is a fixed rate term deposit account designed specifically for young savers. Teens can open an account and watch their savings grow with as little as $500.
This fixed term deposit account helps young savers learn about the benefits of earning interest, developing financial literacy and encouraging responsible money management.
Interest is calculated on your deposit amount and is paid at the end of your term. The rate is fixed for the duration of your term, so you’ll know exactly how much interest you’ll earn.
At the end of the term, you can choose to:
- transfer your deposit amount and earned interest to your nominated account.
- Reinvest your money in another term deposit.
Early withdrawal is generally not allowed without incurring a penalty. It’s better to consider your financial situation and short and long-term goals when choosing a term.
If you need to withdraw your term deposit funds due to unexpected financial stress, contact us, and we’ll talk to you about your options.
MyCOAST App
Experience the freedom and convenience of managing your money anywhere, anytime with the MyCOAST Mobile Banking App. Whether you’re on a coffee break, at home, or travelling our app is designed to keep you connected to your finances.
Download the app.
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General advice warning
This advice has been prepared without considering your personal objectives, financial situation or needs. Before acting on it, you should consider whether it’s appropriate for your circumstances. For more information – including terms and conditions, Product Disclosure Statements, Target Market Determinations or Financial Services Guides – please refer to the details under ‘Important information’ on the relevant product pages.
All loan applications are subject to credit approval. Interest rates are subject to change, and fees and charges may apply.