Early Savings Skills - Student Savings

Teach your kids how to save

No one’s too young to start saving! If your child is between ages 12 and 18, it’s time to start teaching them healthy financial habits. Opening a youth savings account encourages children and teens to learn important money management skills while giving them a head start in life.

Other Features

Monthly Rewards

If your teen deposits $10 or more per month, they’ll get a reward to encourage saving wisely and regularly.

Financial Education

Help your kids become financially literate with free educational resources.

Scholarship Opportunities

Apply for exclusive member scholarships when you open a Student Savings account.

Cash Club Cares Program

We donate $5 for each new youth account opened to the nearest animal shelter, up to $5,000 per year!

Federally Insured

Your child's Student Savings Account is federally insured up to $250,000.

Money Builder Certificate

Teach your child different methods of saving. With just $25, you can open a Money Builder Certificate for your kiddo in addition to their Student Savings. With high-yield dividends and unlimited additional $25 deposits during its term, a Money Builder can really help savings stack up!

Annual Savings Challenge

Make a $10 deposit during Youth Savings Month and get entered to win huge prizes and cash rewards.

Online and Mobile Banking

Teach your kids how to manage their own money with specialized Online and Mobile Banking tools.

Earn Dividends

Your child can grow their savings even faster by earning dividends paid monthly on balances of $10 or more.

Free Checking Account and Debit Card

Teach your kids responsible spending habits with a free checking account and debit card when you open a Student Savings.

Additional Details

Giving your child financial skills today pays off big tomorrow.

Our youth savings accounts make it fun and rewarding for kids to save from the start. With your guidance, they’ll gain real-world money management experience. Kids can set savings goals, make regular deposits, and watch their balance grow. Fun incentives keep them engaged along the way.

Open an account and provide your child with an important early foundation for developing financial responsibility.

Open a Student Savings Account

Student Savings Resources

Rates

Calculator

Youth Savings Account Calculator

Apply in 1-2-3

1 Apply Visit a financial services center or click below to open a Student Savings account.
2 Deposit $5 A small initial deposit is all it takes to grow your child’s savings.
3 Start Saving! Make manual contributions or set up automatic transfers to add funds.

Open a Student Savings Account

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Real Words, Real People from the PNW

Love the Virtual Reps at the ITM. Makes my banking feel more personal even for a simple transaction.

Carolena Q.

Student Savings FAQs

How is a Student Savings account different from a regular savings account?

Our Student Savings accounts provide all the features of a regular savings account, but with a higher dividend to help young adults save faster. There are also plenty of incentives for smart saving including monthly deposit prizes, annual contests, and more.

At what age can I open a Student Savings account for my child?

You can open a Student Savings account if your child is at least 12 years old. The account automatically converts to a regular savings account when the child turns 19. If your child is younger than 12, you can start them off right with a Cash Club account that will automatically transition to a Student Savings when they turn 12.

What is a Student Savings account?

A Student Savings account is tailored to the needs of teens and young adults to help build healthy financial habits.

Student Savings Accounts