Product Rule Change

Summerland is making a product rule change around the eligibility criteria for our SuperSaver account. This change will come into effect from Thursday 31 August 2017.

What is changing?

From 31 August 2017 we will no longer offer the Super Saver product to children 12 and over.

Who is impacted?

This change will affect new customers 12 and over and any existing SuperSaver owners under 12.

What about children over 12 who currently hold a SuperSaver Account?

  • If you are 12 and over and have a SuperSaver account as at 31 August 2017 you can remain on this product until you turn 18 years old.
  • If you chose to change to a MoneySense product at any stage you will not be eligible to convert back to a SuperSaver Account.
  • If you are under 12 years old and currently on a SuperSaver Account you will no longer be offered the opportunity to remain on this product when we contact you and your parent or carer on your 12th birthday.

Further Information

If you would like more information about our Junior Products please refer to our Junior Product Guide. Alternatively, please speak with one of our Banking Advisors.