It's never too early to learn the importance of saving money. That's why the Acorn Savings account was designed for kids 18 years old and younger. Their money will earn a competitive rate of interest, and there are no fees or minimum balances to worry about. You can open this account with as little as $10. You will receive a detailed statement each month listing all transactions and interest earned so your child can watch his or her account grow.
- Unlimited deposits
- Competitive interest rates
- Direct deposit
- Online banking, mobile banking and bank-by-phone
Acorn Savings Rates current as of March 7, 2014
Limited to six preauthorized withdrawals, automatic or telephone transfers, checks, drafts, and debit card or other similar transactions per month; $1.50 per transaction in excess.