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