Lifelong financial success starts here

Help your kids get an early start on being money smart. You can open a savings account for a child of any age, even a baby, typically with joint ownership, or a custodial account that doesn’t give them access to the cash until they are adults.

  • No monthly fees
  • No minimum deposit or balance
  • Your first $1 deposit is on us!
  • Up to age 17

A savings account is a great way to save birthday money or an allowance, and get your kids started on the concept of budgeting. We recommend that you meet with a Patelco team member to open a youth savings account. You can meet online via Zoom or visit a branch near you. (Use the button above to make an appointment.)

Product Benefits

A coin being deposited into a piggybank.

Top-rated Mobile App

Access your child’s account anytime from anywhere

Easy Money Transfers

Instant transfer from parent’s Patelco account or link to external account

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Debit Mastercard® Card

Available for age 13 - 17

30,000+ Fee-free ATMs

Find one near you on our Mobile App

Virtual Financial Mentor

Check out special courses just for youth, including Banzai Junior and Banzai Teen.

Kids Savings

  Rates Effective 1/1/2020

Term

Min. Balance

APY1

Rate

Dividends Paid

None $0.00 0.05% 0.05% Monthly
None $5,000.00 0.05% 0.05% Monthly
None $10,000.00 0.05% 0.05% Monthly
None $20,000.00 0.05% 0.05% Monthly
None $50,000.00 0.05% 0.05% Monthly
None $100,000.00 0.05% 0.05% Monthly

Frequently Asked Questions

Coaches, calculators, and courses

Patelco has partnered with Banzai to bring you clear, in-depth activities and information to help your child become money smart. Get access to tools, like articles, calculators, courses, and exclusive Banzai Coaches.

Read different strategies on how to teach children about money, how to be internet safe and even the cost of college life.

A dad gives his son a piggyback ride on a hike.
Kids Savings Account
Teach kids to be money smart at an early age.

1 APY = Annual Percentage Yield.