Now your little ones can save big.
Get 3.05% APY* on the account’s first $500 and help your child get excited about saving.
We’ll celebrate your child’s birthday with you by depositing $10 into your child’s account each year.
Transition to a MyLife Teen Checking or a MyLife Savings at age 13
*APY is Annual Percentage Yield. Rates subject to change without notice. Limitations may apply. Advertised rate is available on the first $500 of a MyLife Savings Account. Amounts over $500 earn the current savings rate. One account per social security number. Dividends are calculated and compounded daily and credited monthly on the last calendar day of the month. Youth accounts require an adult joint owner. $10 deposited into MyLife Savings Kids Account on the last business day of the child’s birth month. MyLife Savings for Kids will automatically convert to a standard MyLife Savings when the child turns 13.
An account with digital capabilities that keep up with your teen.
Your teen can securely check his or her balance before even logging into our mobile app, which has been recognized in the top 1% of mobile banking apps in the country.
Teaching financial responsibility to teens while allowing them to learn through doing.
We’ll upgrade your child’s ATM card to a debit card at age 16.