It’s never too early for kids to start saving! Just a $5.00 deposit is all it takes to open a youth savings account in the name of a minor. When you open a share account for your child, their money will grow right along with them. Plus, they will learn how saving money can help them achieve their goals.
1APY=Annual Percentage Yield. Balances over $1,000 earn the same rate as the Share Savings accounts, currently 0.15% APY. Rates effective as of August 1, 2022.
20.30% Annual Percentage Yield (APY) paid on balances up to $25,000, and 0.05% APY paid on all amounts above $25,000 each cycle the minimum requirements are met. If you do not meet the requirements per qualification cycle, your account will still function with no monthly fee and with your balance earning 0.01% APY; however, it will not receive ATM fee rebates for that time period. Rates as of January 1, 2022. We may change the interest rate at any time after the account is opened. Available to personal accounts only.