The Apple Bank SmartStart Savings account is available to minors and young adults ages 6 through 25. Accountholders must be able to write their name and provide one form of identification, such as a birth certificate or school photo ID. The Apple Bank SmartStart Savings account is available to minors ages 6 through 17 with a parent or guardian as a joint owner. A parent or guardian may also open the Apple Bank SmartStart Savings accounts as a Uniform Transfers to Minors Act account(UTMA) for minors and young adults up to 21 years of age. There is no minimum daily balance requirement to maintain the account and no monthly maintenance fee regardless of account balance.
The Apple Bank SmartStart Banking account is available to teens and young adults ages 13 through 25. Minors ages 13 through 17 must have a parent or guardian as a joint accountholder on the account. The Apple Bank SmartStart Banking account requires a $100.00 minimum deposit to open an account. There is no minimum daily balance requirement to maintain this account or monthly maintenance fee regardless of account balance.
1 Annual Percentage Yield (APY) disclosed is effective as of July 1, 2026, and may be changed by the Bank at any time, including after account opening. This is a tiered rate account. Minimum daily balance to earn interest is $1.01. Tier 1 – An interest rate of 4.88% will be paid on the entire portion of your daily balance up to, but not exceeding, $10,000.00. The APY for this tier is 5.00%. Tier 2 – An interest rate of 0.75% will be paid only for that portion of your daily balance that is above $10,000.00. The APY for this tier will range from 5.00% to 2.87%, depending on the balance in the account. APY range computation is based on an assumed account balance of $20,000.00. If your balance exceeds $10,000.00, a blended rate will be used to reflect the APY on your account statement and will be based on the number of days in your statement cycle. The blended APY decreases as your account balance increases above $10,000.00. There is a $1.00 minimum deposit to open the account. A limit of one Apple Bank SmartStart Savings account applies per child.
2 Account holders ages 13 through 17 are eligible to request an Apple Bank Visa® Debit Card for this account where the account is joint with a parent or guardian. Accountholders 18 years and older may request a debit card without a parent or guardian.
3 There are no fees when using non-Apple Bank ATMs, and Apple Bank will reimburse all surcharges imposed by the ATM owner/operator during each monthly statement cycle period. There are no fees for domestic and international Point-of-Sale Transactions when using an Apple Bank Visa® Debit Card.
