Great for kids and young adults to learn good money habits, the Student Savings account helps individuals under 23 years old to start saving early. Ages 17 and younger must have a parent or guardian as a joint owner on the account. Interest is compounded and credited quarterly.

Features

Student Savings Rates

Account BalanceAnnual Percentage Yield
All balances.05%

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 $4.50 paper statements with this account.*

Pre-authorized withdrawals or transfers to another account are limited to six per month. Each additional withdrawal within the same month will be charged $7.00.

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.