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 and mobile banking
Acorn Savings Rates current as of May 23, 2016
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.
*Fees may reduce the earnings on the accounts shown above.
*APY (Annual Percentage Yield)