Youth Savings Account
3.00% APY*

on balances from $5.00 to $10,000; higher balances earn a lower rate
and corresponding APY**

Youth Savings

Empower your children's future with our New York bank high-yield savings account.

Statement account for young savers ages 6 through 17
Highly competitive rate on balances from $5 to $10,000*
Balances over $10,000 earn a lower rate and corresponding APY**
Just $1 to open and $5 to earn interest
No monthly maintenance fee

When it comes to teaching children about financial skills, it's never too early to begin.

As parents, we know you want to give your kids a head start in ensuring a successful financial future.  Apple Bank's high-yielding Youth Savings account is our way of helping you look after your children's best interests.  Plus, it's never too early to begin teaching your kids smart savings habits - - their future financial independence depends on it.  

The Youth Savings account is available to children and teens ages 6 through 17.  To open a Youth Savings account, a child must be able to write his or her name and provide one form of identification, such as a birth certificate or school photo ID.  There is a $1 minimum deposit to open this account.

The Youth Savings Account is available to children and teenagers ages 6 through 17. Accountholders must be able to write their name and provide one form of identification, such as a birth certificate or school photo ID. There is a $1.00 minimum deposit to open this account. *Rates and Annual Percentage Yields (APYs) are effective as of October 1, 2019 and may be changed by the Bank at any time, including after account opening. **Rates and APYs are effective at the following tiers: $5.00-$10,000: 2.96% interest rate and 3.00% APY; $10,001-$20,000: 1.00% interest rate and 3.00% - 2.00% APY (there is no limit on account balance, the $20,000 balance is used for annual percentage yield computation purposes only). You must maintain a minimum daily balance of $5.00 in the Youth Savings Account to earn interest. There is no interest paid on balances under $5.00. The Youth Savings Account is a statement account. A limit of one Youth Savings Account applies per child. Offer may be withdrawn at any time without prior notice.