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Youth Savings
Help kids build smart money habits with a savings account designed to grow alongside them.
Start Saving Early, One Goal at a Time
Saving money is one of the first steps toward financial independence. A Youth Savings account gives kids and teens a safe place to save birthday money, allowance, gifts, or earnings from a first job. Instead of spending cash right away, they can watch their savings grow while learning the value of setting money aside. Even small deposits add up over time, helping young savers see the rewards of planning ahead and reaching goals.
A savings account also gives families an easy way to teach healthy money habits. Parents can encourage their child to save for something they want, whether it’s a new bike, gaming console, sports equipment, or college expenses. As young members grow, they learn to set goals, make thoughtful choices, and prepare for future expenses. Starting early helps build financial skills and habits that can last a lifetime.
You’ve got questions. We’ve got answers.
Contact us in your preferred method and we can help open a teen bank account to help with your kids financial needs.
(801) 223-8188 | Branch Locations
Available M–F 8am–6pm, and Sat. 9am–2pm*.
*Saturday hours vary per Branch Location
Learn by Saving
Watching savings grow helps youth understand the value of setting goals and making smart financial choices
Start with Small Deposits
Every dollar counts. Small, regular deposits can grow into meaningful savings over time.
Built for Growing Goals
From toys to college savings, this account helps support their financial goals at every stage of childhood.
Good Habits Start Young
Kids and teens learn about money every day through the choices they see and make. A savings account gives them hands-on experience with setting goals, saving regularly, and watching their progress. Those everyday moments help build confidence and teach that saving is a habit worth developing.
Parents can make saving part of everyday life by setting goals together, making regular deposits, and celebrating milestones along the way. As young savers get older, they can take on more responsibility by making deposits, checking their balance, and managing their savings. Starting early helps prepare them for bigger financial decisions while building responsibility, patience, and confidence.
Frequently Asked Questions
Who can open a Youth Savings account?
Youth Savings accounts are available for children and teens who meet the account eligibility requirements. A parent or guardian may need to be included when opening the account.
Can family members make deposits?
Yes. Parents, grandparents, and other family members can help children reach their savings goals by making deposits into the account.
Is there a minimum amount needed to start saving?
A small opening deposit may be required, making it easy for children to begin saving without needing a large amount of money.
Why should children have a savings account?
A savings account helps children develop healthy financial habits, learn the importance of setting goals, and understand how saving over time can help them prepare for future purchases and opportunities.
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