Preparing teens for the future
Teen Savings
Place your older kids on the path to financial independence by opening a teen savings account.
Smart habits start early
A Mountain America teen savings account is a great way for your kids to learn to manage their money and grow their savings. When paired with a MyExpressSM account, they’ll also gain the experience of handling a debit card.
Benefits of a teen savings account
- Free mobile and online banking
- Checking account and debit card available with a parent or guardian cosigner
- Designed for teens ages 13–17
- Eligible for youth certificates—earn higher dividends on your savings
- % APY accrued daily
- Dividends are compounded and paid monthly
Teen savings account details
- Only $1 required to open and maintain the account
- Minors must have a joint accountholder who is 18 or older
- No monthly service fees
- Earns dividends on average daily balance of $25 or more
- Automatically converts to primary savings at age 26
Elevate your teen's financial success
Open a teen savings account online, at a branch or by calling 1-800-748-4302.
Open your accountMore resources
MyExpress Account
Easily load your teen's allowance into a debit account to teach them how to manage their money.
Youth Savings
Give your kids (ages 12 and younger) a head start on smart financial habits.
Youth Certificates
Save for long-term goals like buying a car or saving for tuition—all while earning higher dividends.
Tips for Parents
Learn seven ways to teach your teen important lessons about money.
