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
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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 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.