*Offer available for new IMB Zoo Accounts opened in the child’s name by a parent or legal guardian between 27 November 2024 to 31 January 2025. Account eligibility requirements apply. Zoo account opening requirements will vary depending on your relationship with the child. Please refer to the PDS for full details. See below to learn more about Zoo Account benefits. Accounts opened “In Trust For” a child will not receive the bonus. $25 bonus will be deposited into the new Zoo Account within 30 days from the promotional end date. Limit of one bonus per new member 12 years of age and under who has not previously held an IMB Zoo account. IMB reserves the right to change or withdraw these offers at any time.
Our Zoo Account provides a range of benefits for children up to 12 years old, including:
Welcome Kit, including free IMB Zoo gift.
$100 monthly prize draw1.
Receive real time payments through Osko®.
No transaction or account keeping fees.
6-monthly statement with colouring-in competition.
Bonus interest by saving as little as $10 a month with no withdrawals2.
Account Balance | Standard Variable | Standard Variable | Earn up to |
---|---|---|---|
$50,000 and over | 0.10 % p.a. | 3.90 % p.a. | 4.00 % p.a. |
$20,000 - $49,999.99 | 0.10 % p.a. | 3.90 % p.a. | 4.00 % p.a. |
$5,000 - $19,999.99 | 0.10 % p.a. | 3.90 % p.a. | 4.00 % p.a. |
Up to $4,999.99 | 0.10 % p.a. | 3.90 % p.a. | 4.00 % p.a. |
IMB Member Guide to Transaction Banking – Product Disclosure Statement | |
PDS – Fees Charges and Limits | |
PDS – Interest Rates for IMB Deposit Products | |
Tips for Teens - Visa Debit Card Flyer |
Read the product information, terms and conditions, and fee information
Visit an IMB Branch to open an account for your child. Bring your child's birth certificate and acceptable ID for yourself.
As the parent or guardian you will be the authorised signatory on the account.
Our Zoo account is for children aged between 0-12 to be eligible. Once you turn 13, you may wish to consider our Kick Start Package, specifically designed for teens, students and apprentices.
If you have not quoted a tax file number (TFN) or a TFN exemption or are a non-resident, we may be required by law to deduct tax from interest on your account. You can view more information on the Australian Taxation Office website under Children’s savings accounts.
Check out the current interest rate on your Zoo account and the terms and conditions to earn bonus interest.
No, our Zoo account does not come with a card facility.
Security is a fundamental right for our customers, and we hold it as one of our core values.
General
Information current at date of appearance and subject to change. You should consider the Product Disclosure Statement before making a decision about IMB products and facilities. Target Market Determination available here. Fees and charges may apply, see the PDS – Fees, Charges and Limits for more details.
Interest on all deposits is calculated on the daily balance at a daily rate equivalent to the annual rate divided by 365. Interest rates are paid on the entire balance of the account.
Rates and features
1. Competition open to NSW, ACT & VIC members only. One entry is automatically earned for every deposit of $10 or more into an IMB Zoo Account in the child's name and the member is aged between 0-12 years of age. A Member is entitled to be entered into the competition more than once in any month and for the duration of the competition. Unsuccessful entries from a $100 monthly prize draw do not carry forward to the subsequent month’s draw. The prize is $100 deposited into the winning Member’s Zoo Account by IMB within 30 days of the prize draw. Promotion period 01/12/2023 to 30/11/2024 with a monthly prize drawn at 47 Burelli St, Wollongong on the second Tuesday of each month at 3pm from all entries received in the previous calendar month. This offer may be varied or withdrawn at any time. Please see www.imb.com.au or an IMB branch for full terms and conditions of this competition.
2. Standard Variable Bonus interest is payable when bonus interest criteria are met - a minimum $10 deposit and no withdrawals are made in the calendar month.
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