Invest in a bright future.

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 Account in New York

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

Account for young savers ages 6 through 17
Highly competitive rate on balances from $5 to $10,000*
Free and unlimited domestic non-Apple ATM and Point-of-Sale transactions with your Apple Bank Visa® Debit Card***
First four non-Apple ATM fees reimbursed per statement cycle****
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 $5 minimum deposit to open this account.

 *Rates and Annual Percentage Yields (APYs) are effective as of June 22, 2021 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: 0.75% interest rate and 3.00% - 1.87% 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. Fees may reduce earnings. There is no interest paid on balances under $5.00.  A limit of one Youth Savings Account applies per child. Offer may be withdrawn at any time without prior notice.***Teenagers ages 14 through 16 are eligible to request an Apple Bank Visa debit card for this account where the account is joint with a parent or guardian. ATM or terminal operator surcharge may apply. ****Includes both domestic and international ATM and other terminal operators.