Minor Savings Account
Opening a savings account is a great way to help kids learn about money and get in the habit of setting some aside every so often. Whether your child is saving for something big like a new bike, or something bigger, like a trip to Disneyland, this account can help. To help make saving even more rewarding for young investors, there are no fees when you keep the withdrawals to fewer than six, and your child’s savings will earn interest. So get started!
Designed for kids under the age of 18, this account can be opened with as little as $1. There are no fees if you make fewer than 6 withdrawals per month. After that, each additional withdrawal is just $3. What’s more, your child’s money will earn interest at a competitive, variable rate. The interest is calculated daily, but deposited quarterly.Show More Show Less
When you meet the requirements
No minimum balance
Earns interest much faster than a piggy bank
Helps teach kids to save cash
Q How can I access my money?While the goal is to save, obviously there will be a time when the goal is reached and you need to take money out. Kids can come in with their parents and we’ll be happy to help them make a withdrawal.