Claire Waller and her family were at Eyemouth Harbour on holiday when they saw Katie-Lou and her friend swept out to see by a wave.
They administered CPR at the scene.
"We just wanted to try and get her out of the water as quickly as possible. At that point she was still conscious, so we were shouting and throwing things in to to get her to grab them.
"It is very poignant to be receiving this award today. As parents, we would have done the same for ours, we would have done the same for anyone."
More top news
Kerrie Gosney brings you Saturday night's forecast
Showers turning heavy with a risk of thunder. Dry and bright start on Sunday, cloudy and wet from the west later
Scotland's First Minister said her government will seek 'immediate discussions' with Brussels to "protect Scotland's place in the EU".