I remember we earned something like 3¾% on those accounts. When my kids started PS I set up Commonwealth accounts for them to do school banking, thinking they’d get lessons like I did. Nope, just give us the money quick so we can bank it and get the bonus they give schools for doing it. When I went to close those accounts a few years later after they closed the local branch so the school stopped school banking, it took ages, and I had what felt every staff member in the bank one by one come out and ask me questions about why I was doing it. They know those accounts lead to adults mostly keeping the same accounts and do not want you to close them!