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MONEYSMART SAVINGS

For Ages 11–17
Open and get a $25.00 Bonus This November! 1
Start your teen’s savings journey with a MoneySmart Savings Account and help them build strong money habits for today and the future.
Invest in their future
Get started with as little as
$5.00
Interest-Earning
coins growing
Earns 0.15% APY1 on balances of $5.00 or more.
Avoid Fees
parent and child happy
Enjoy no monthly maintenance fees, so you can focus on what matters most.
Future Impact
empowered teen
63% of teens report feeling more financially responsible after opening an account. Set them up for success.2
Member Perks
high school debit cards
Learn More About Our Free High School Debit Cards
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Frequently Asked Questions

How do I open this account? Visit our Branch: 8237 3rd Street, Downey CA 90241.
What documents are required to open this account? You will be required to present your Child's ID, Birth Certificate and Social Security Card in order to establish this account.
Is there a minimum balance required to open and maintain the account? $5.00. These funds are what maintain your account as "active".
Are there any restrictions on deposits or withdrawals? No, there are no limitations on deposits or withdrawals.

Disclosures

1
APY=Annual Percentage Yield. Accurate as of .
2
According to a Junior Achievement and Charles Schwab survey. Please consult with a financial advisor regarding your specific situation. The statements provided are general guidelines.
3
Earns dividends with a $5 balance or more. Dividends compounded daily and paid monthly. Minors ages 11-17 can open a checking account with a parent or guardian as joint owner.