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Help teach your kid or young adult to start saving money early. This student savings account is for individuals under 23 years old. Ages 17 and younger must have a parent or guardian as a joint owner on the account. Student savings interest compounds quarterly.1


Student Savings Account Rates

Account BalanceAnnual Percentage Yield
All balances#student_savings_apy1%

What You Need to Know

  • No minimum balance is required until age 23. 
  • $5 monthly service charge is waived until age 23.
  • You can receive free e.Statements or $5 paper statements with a Student Savings account.*
  • At the age of 23, this account will be converted to a regular Savings Account. Minimum balance requirement will be $100 or a monthly service charge of $5 will apply. 
  • Closing new accounts within 90 days of opening will result in a $20 early closure fee.

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