Teaching your kids about money

Understanding how money works is an essential skill in life. Helping your kids develop positive habits around money can help set them up for success.

Fortunately, you don’t need to be a financial guru to teach your children about money. By getting them involved in budgeting and purchases, you can lay the foundation of financial literacy that can be built upon as they get older.

Kids also have the unique challenge of growing up in a society where most transactions are digital, so teaching them to be safe online is more important than ever.

Products to get your kids started

NAB Classic Banking  account

Get your kids started with a basic account that has no monthly fees and no minimum deposits. 

  • NAB Visa Debit card

  • No ATM withdrawal fees

NAB Reward Saver

Help your kids save money towards something they really want with this specialised account that rewards savers.

  • A higher interest rate

  • Bonus interest for regular deposits

NAB iSaver

This saving account allows your kids to access their money without affecting their interest rate.

  • Competitive interest rate

  • No minimum deposits

You must be 16 to set up an account online. If you’re under 16, you can set up an account by visiting a branch. Children under the age of 14 need to be accompanied by an adult.

Important information

Target Market Determinations for these products are available at nab.com.au/TMD.