MONEYSMART SAVINGS

For Ages 11-17

Gift The Tools To Succeed

Help your teen take charge of their finances with a MoneySmart Savings Account. By starting to save now, they'll develop essential money management skills, preparing them for future independence.

Invest in their future

Get started with as little as

$5.00

Interest-Earning

Earns 0.15% APY⁺ on balances of $5.00 or more.

Avoid Fees

Enjoy no monthly maintenance fees, so you can focus on what matters most.

Future Impact

63% of teens report feeling more financially responsible after opening an account. Set them up for success.¹

Member Perks

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Checking Account Available for Ages 11+²
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Access to Exclusive Workshops
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Use Branch Coin Machine For FREE
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Financial Wellness Activities

Learn More About Our Free High School Debit Cards

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Frequently Asked Questions

How do I open this account?

Visit our Branch: 8237 3rd Street, Downey CA 90241.

What documents are required to open this account?

You will be required to present your Child's ID, Birth Certificate and Social Security Card in order to establish this account.

Is there a minimum balance required to open and maintain the account?

$5.00. These funds are what maintain your account as "active".

Are there any restrictions on deposits or withdrawals?

Yes, subject to Regulation D. That translates to 6 withdrawals per month, including overdraft, without a signature.

Disclosures

According to a Junior Achievement and Charles Schwab survey. Please consult with a financial advisor regarding your specific situation. The statements provided are general guidelines.

Earns dividends with a $5 balance or more. Dividends compounded daily and paid monthly. Minors ages 11-17 can open a checking account with a parent or guardian as joint owner.