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
Classic Money Market
Youth Savings Account
|Interest Paid||Yes||Yes||Yes, tiered interest rates and APYs*||Yes|
|Monthly Service Fees:||No||$3.00**||No||No|
|Requires Additional Premier Bank Relationships||Yes||No||No||No|
|Debit Card||Yes, if it is linked to Premier Bank Checking Account||Yes, if it is linked to Premier Bank Checking Account||No||No|
|Transaction Limits||6 transfers per statement cycle||6 transfers per statement cycle||6 transfers per statement cycle||6 transfers per statement cycle|
|Minimum to Open Account||$50||$5||$500||$5|
*APY=Annual Percentage Yield.
**Monthly fee charged according to statement cycle.
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.