Developing consistent saving habits at an early age can have a significant impact on the financial futures of our youth. Making good financial choices early in life can help individuals develop a comfortable relationship with – and automatic responses to – common banking decisions. We have programs to get young people started at any age.
Our Youth Savings Account is available for children between the ages newborn to 18. Your child will be the primary owner of their own savings account and will get practice making deposits and withdrawals. We recommend that caregivers start reviewing the account statement with their children each quarter to start deepening their understanding of money management.
*APY = Annual Percentage Yield. Rates subject to change. Click to view complete listing of rates and effective date.
**An early withdrawal penalty may be assessed for early maturity based on the term.