Get your children off to a good financial start with a First Saver account.

Key features and benefits

  • No minimum balance required.

  • No account management or transaction fees while your kids are under 19.

  • Your kids can set savings goals and track their progress inside their account using Goal Tracker.

  • Kids can personalise their account name like ‘Sam’s bike savings’ to help them stay motivated to save.

How it works

Get their savings started

Visit us in branch to open a First Saver account for your children. Please give us a call at 0800 113 355 to book an appointment before you visit.

What your children can do at what age

Under 7 year olds

A parent or guardian must operate the account on the kid’s behalf.

7+ year olds

Kids can withdraw money over the counter – a parent or guardian will need to co–sign the withdrawal. Kids can also get access to read-only internet banking so they can see their balance.

10+ year olds

Kids can get an ATM/EFTPOS card with parents’ or guardians' permission. Since ATM/EFTPOS cards aren’t available on a First Saver account, they'll need to open another Kiwibank everyday account.

13+ year olds

Kids can withdraw money and make over-the-counter transactions on their own.

They can get access to internet banking and phone banking to transfer money between other Kiwibank accounts. They can also open other types of everyday accounts themselves now too and get an ATM card without parental permission.

15+ year olds

Kids can get a Visa Debit Card if they've got another Kiwibank everyday account.

Under 16 year olds

Kids will need a parent or guardian to complete a one-off declaration on their behalf to certify their overseas tax residency before any accounts can be opened in their name.