Pregnant? Well, your baby has already earned its first $200.
That’s how much money Westpac is offering every single Australian child born in 2017.
Launched in celebration of the bank’s 200th birthday, the Westpac Bump initiative aims to encourage positive saving habits in children from an early age (a very early age) and help parents and grandparents kick-start their little one’s financial future.
Parents must simply apply for a Bump savings account at westpac.com.au/dearbump and, if approved, the $200 will be automatically deposited, ready for access when the child turns 16.
The accounts can be opened from April 8, but are on offer to any bub born from January 1 to December 31, 2017.