Information for:
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
Applying typically takes 10 minutes or less.
Features
No monthly service charge
Free ATM card
Eligible for Saving Cents
Source of overdraft protection
Digital Banking with account alerts
Student Savings Account Rates
| Account Balance | Annual 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.
Applying typically takes 10 minutes or less.