Title: How do I open a trust account? | Finder
Headings: Set up a secure financial future for your children with a trust account
Set up a secure financial future for your children with a trust account
Do you want to set up a trust account for your children? Here’s what you need to do.
Savings accounts you can open in trust for your children
Compare up to 4 providers
How and when do the funds transfer to my beneficiary?
Are there any tax implications to consider?
Not just for children’s savings
What’s the difference between a trust account and a trust fund?
Looking for a kids bank account instead?
What type of trust account?
How to open a trust account
How and when do the funds transfer to my beneficiary?
Are there any tax implications to consider?
Not just for children’s savings
The latest in kids banking
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Children’s bank account freebies
Tim Falk
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Content: Standard Variable Rate p.a. Bonus Interest p.a. Fees
Interest Earned


Westpac Life (18-29 year olds only)

3%
0.2%
2.8%
$0

If you’re between 18-29, you can earn a 3% p.a. variable rate each month you grow your balance (excl. interest) and make 5+ settled debit card purchases from your linked Westpac Choice account, up to a balance of $30,000. Go to site
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Westpac Life (18-29 year olds only)

0.4%
0.2%
0.2%
$0

If you’re between 18-29, you can earn a 0.4% p.a. variable rate each month you grow your balance (excl. interest) and make 5+ settled debit card purchases from your linked Westpac Choice account, up to a balance of $30,000. Go to site
More Info
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MyState Bank Bonus Saver Account

1.2%
0.1%
1.1%
$0

Ongoing, variable 1.2% p.a. when you deposit at least $20 into the account each month and make 5 or more Visa Debit card transactions from a linked MyState transaction account.