Money in your child's Kit account (i.e. Card or Stacks) does not earn interest.
You can link an interest-earning CommBank Youthsaver account to Kit so kids can transfer and see their money earn interest from the Kit app.
Find out more about CommBank Youthsaver and Kit, or get started by linking a Youthsaver account.
CBA New Digital Businesses Pty Ltd (ABN 38 633 072 830), trading as Hey Kit, has been appointed as authorised representative (001296799) of Commonwealth Bank of Australia (ABN 48 123 123 124 AFSL 234945) who is the issuer of the CommBank Youthsaver account.
Any advice provided is general only and does not take into account your objectives, financial situation or needs. Please consider the T&Cs, available here, and whether a Youthsaver account is appropriate for you.
The target market for CommBank Youthsaver will be found within the product’s Target Market Determination, available here.
Commonwealth Bank of Australia ABN 48 123 123 124 AFSL and Australian credit licence 234945.