Some requirements:
- account holder must be under 15
- need both a children's saver account and a kids bonus account
- need to make a regular deposit of between $25 & $250 a month, into the bonus account
- make no withdrawals
As said before, read terms & conditions and fine print carefully. Bank West has some practices which may be unexpected. (eg not paying interest for the final weekend of a month, on some accounts, if that month ends on a weekend)
Actually, it's a good idea to read terms & conditions and fine print carefully for everything.
foundit — thanks for posting but this was posted before as well.
Here
Too much restrictions I think. Then again it's saving for the kids, but for parents to park their own money :)