Young Peoples Savings Account
An Account Built to Help Children and Teens Save for Their Futures
Designed for children and teens ages 0-17, the Young Peoples Savings Account helps families teach financial responsibility while giving young savers a safe place to grow their money. With earned interest, no monthly maintenance fee, and convenient online banking transfers, it’s an easy way to start building a brighter financial future.
Young Peoples Savings Account Features
Whether your child is saving birthday money, preparing for college expenses, working toward a special purchase, or learning the value of setting aside money for the future, this account provides a secure foundation for lifelong financial habits.
Earn Interest from the Start
Young savers can earn interest on their account balance with no minimum balance required to begin earning
No Monthly Maintenance Fee
Keep more money focused on reaching savings goals with no monthly maintenance fee
Built-In Account Protection
Funds remain protected because only the parent or guardian custodian may withdraw money from the account
Online & Mobile Banking1
Check balances, review transactions, transfer funds, and monitor your savings within online and mobile banking
Quarterly Statements
Track savings progress through quarterly paper statements or enroll in eStatements to receive account statements in online banking
FDIC-Insured Security
Your money is FDIC insured up to $ 250,000, helping protect the money you’ve worked hard to save
When You Open a Young Peoples Savings Account
Discover Why We’re the Best Bank to Open an Account With
Open a Young Peoples Savings account by visiting your local branch in OH, WV, KY, VA, MD, or Washington, D.C.
1There is no cost to download the Peoples Bank® Mobile app, but standard rates and fees may apply from your wireless carrier.
2Rate may change after the account is opened.