First Saver
First Saver is the perfect first bank account for young savers up to the age of 18.
- Earn interest on every dollar deposited – no minimum balance required
- No account management or transaction fees
- Kids can personalise their account name, like ‘Sam's bike savings’
- They’ll get a statement in the mail every six months.
Raymond stickers!
To keep your kids motivated about saving, they’ll get a Raymond sticker every time they make a deposit into their First Saver account at their local Kiwibank. There’s six stickers to collect.
Eligibility
Youth accounts are available to anyone aged under 18 years. Accounts are opened in the child’s name but with different account set-up options available, based on the child’s age.
Tips for parents
Kids know they need money to buy things. But it can take a while to understand just how much they need, and how long it takes to save. Help your kids learn the value of money with these tips.
- When you withdraw cash from an ATM, show your kids the receipt. This shows that you need money in your account before you can take money out.
- Encourage kids to save for something they want. You can help them track their progress with timelines on how long it will take at their current savings rate, and how this will change if they increase or decrease their spending.
- Use heaps!, our personal financial management tool, to set and monitor savings goals. You access heaps! through internet banking and it automatically downloads account information to make reaching goals easy – and fun!
- Teach your kids that they can earn interest when they save, but have to pay it to borrow money.
Download Kiwibank’s 
Disclosure Statement (PDF 1.5 MB) or pick up a copy at your local Kiwibank.