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Youth Savings Account
6.00% APY*
on balances from $1.01 to $10,000; higher balances
earn a lower rate and corresponding APY*

Youth Savings Account

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

Account for young savers ages 6 through 17
Highly competitive rate on balances from $1.01 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.  

*Annual Percentage Yields (APY) disclosed is effective as of May 21, 2024 and may be changed by the Bank at any time, including after account opening. Interest is earned at the following tiers: $1.01-$10,000.00: 5.83% interest rate and 6.00% APY; $10,000.01-$20,000.00: 0.75% interest rate and 6.00% - 3.38% APY (there is no limit on account balance, the $20,000.00 balance is used for annual percentage yield computation purposes only). There is a $1.00 minimum deposit to open this account. You must maintain a minimum daily balance of $1.01 in the Youth Savings account to earn interest. A limit of one Youth Savings account applies per child. **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. Seventeen-year-old accountholders may request a debit card without a parent or guardian. ***There is no fee for using your Apple Bank Visa® Debit Card to make cash withdrawals at domestic non-Apple Bank ATMs or international ATMs. A 2% surcharge will be applied to foreign transactions. In addition, Apple Bank will reimburse up to 4 ATM surcharge fees charged by the ATM owner/operator during each statement cycle period.