MONEYSMART SAVINGS

For Ages 11–17

Start Today, Thank Yourself Tomorrow.

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

Earns 0.15% APY¹ on balances of $5.00 or more.

Avoid Fees

Enjoy no monthly maintenance fees, so you can focus on what matters most.

Future Impact

63% of teens report feeling more financially responsible after opening an account. Set them up for success.²

Member Perks

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Checking Account Available for Ages 11+³
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Access to Exclusive Workshops
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Use Branch Coin Machine For FREE
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Financial Wellness Activities

Learn More About Our Free High School Debit Cards

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Frequently Asked Questions

How do I open this account?

Visit one of our branches:

Downey Branch
8237 3rd Street, Downey CA 90241

Bell Branch
6239 Atlantic Avenue, Bell CA 90201

Lynwood/South Gate Area Branch
9930 Long Beach Blvd, Lynwood CA 90262

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.

Are there any limitations to spending and withdrawals?

Yes, we have a $300 spending limit and $100 daily withdrawal limit.

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?

No, there are no limitations on deposits.

Disclosures

APY=Annual Percentage Yield. Accurate as of .

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.

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.