Youth Checking
and Savings
Put their financial future on the path to success with checking and savings solutions designed just for them.
Teen Access Checking
Start your teen’s future now with a checking account designed just for them. For youth ages 13 to 19, Teen Access Checking is a simple, straightforward checking solution to help your teen gain confidence as they learn to manage their spending.
- No monthly service charge
- No minimum balance requirement
- No check writing
- No overdraft fees
- Requires a joint owner over 18 years of age
Youth Savings
Set your child up for financial success with Youth Savings! Designed for children and teens under 19, this account has no monthly fees, no minimum balance, and grows with them. Start with just $50 and enjoy 5.50% APY on the first $1,000, helping them learn how small savings can add up over time, they’ll build healthy money habits for years to come.
Watch your money grow
5.50%APY*
on up to $1,000
Youth Savings Rates
| Term | APY* | Interest Rate |
|---|---|---|
| Portion of balance greater than $1,000 | 0.10% | 0.10% |
| Balances up to & including $1,000 | 5.50% | 5.35% |
Last Updated On: February 22, 2025
*Annual Percentage Yield (APY) is current as of the effective date. Rates are variable and subject to change after account opening. A minimum deposit of $50 is required to open the account. There is no minimum to earn interest. Fees could reduce earnings.
Refer to our Personal Fee Schedule and other disclosures for complete details and fee information.
Educational Resources for Teens, Parents, Guardians, and Others
Money Smart
for Young People
The FDIC’s Money Smart for Young People series consists of four free curriculum products.
Money Milestones for
Teenagers and Young Adults
Skills, habits, and attitudes you can observe in your teenager or young adult from the Consumer Financial Protection Bureau.
Equal Housing Lender