Junior Banker
Welcome to our Junior Banker savings account, designed exclusively for young savers aged birth to 17 years old. We believe in fostering a culture of financial literacy from an early age, and our Junior Banker savings account is the perfect steppingstone towards a bright financial future.
With our Junior Banker savings account, there are no minimum balance requirements or monthly fees to worry about. We understand that every penny counts, and we want to empower young savers to start their journey towards financial independence without any unnecessary hurdles.
- Competitive Interest Rate: Enjoy a competitive interest rate of 3.00% APY on balances below $10,000, helping your money grow faster and giving you a head start in achieving your financial dreams.
- No Monthly Fees: Say goodbye to unnecessary charges that eat into your savings. Our Junior Bankers savings account has no monthly account fees, so every penny you save goes towards your future goals.
- No Minimum Balance: We believe in making saving accessible to all young individuals, regardless of their initial deposit.
- Initial Deposit: Just $25 deposit to get started.
So, why wait? Open a Junior Bankers savings account today and give your child the gift of financial empowerment. With no minimum balance, no monthly fees, and a competitive interest rate, it's never been easier to start saving for tomorrow, today.
Tier Daily Balance Range Interest Rate Annual Percentage Yield (APY)
Tier | Daily Balance Range | Interest Rate | Annual Percentage Yield (APY) |
1 | Below $10,000.00 | 2.9664% | 3.00% |
2 | Equal to or greater than $10,000.00 | 0.0999% | 0.10% |
DETERMINATION OF RATE. Rate good as of May 17, 2024. Rates are subject to change without notice. Fees could reduce the earnings on the account.
MINIMUM BALANCE REQUIREMENTS. You must deposit $25.00 to open this account.
ADDITIONAL INFORMATION REGARDING YOUR ACCOUNT. Junior Banker savings accounts are for individuals from birth to 17 years old and require a parent or legal guardian jointly on the account. When you reach the age of 18, your account will be converted to a regular savings account and subject to the applicable terms of the account.