Youth Savings Account

Teaching the importance of saving is easier when you open an Youth Savings Account for your child 13 years or younger.

This is the perfect savings account for young children to enjoy watching their savings grow while they learn some basic lessons about using money wisely.

Start Saving Here

  • Earn interest at a competitive rate
  • No minimum balance or maintenance fee
  • Unlimited transactions at Premier Bank's branches and ATMs
  • Free piggy bank at account opening
  • Special surprise for child's birthday
  • Account converts to Statement Savings at the age of 18

Requirements & Fees

  • Open with a $5 minimum deposit
  • Limit six electronic transactions per statement cycle1

Which Account Fits You

Relationship Savings

Statement Savings

Classic Money Market

Youth Savings Account

Benefits
Interest PaidYesYesYes, tiered interest rates and APYs*Yes
Minimum BalanceNo$300NoNo
Monthly Service Fees:No$3.00**NoNo
Requires Additional Premier Bank RelationshipsYesNoNoNo
Debit CardYes, if it is linked to Premier Bank Checking AccountYes, if it is linked to Premier Bank Checking AccountNoNo
Transaction Limits6 transfers per statement cycle6 transfers per statement cycle6 transfers per statement cycle6 transfers per statement cycle
Minimum to Open Account$50$5$500$5

*APY=Annual Percentage Yield.
**Monthly fee charged according to statement cycle.

Disclosures

1 Transfers from a Youth Savings Account to another account or to third parties by pre-authorized automatic, telephone or computer transfers are limited to six (6) per statement cycle with no transfers by check, debit card, or similar order to third parties. A fee of $10.00 will be charged for each electronic transaction in excess of 6 per statement cycle.