Help your child get started on the right foot and open a Youth Savings Account. It's a great way to start saving for your child's future.
Sign-up to have a portion of your direct deposit or payroll deduction go into this account. When important milestones come up for your child, like needing a car and paying college tuition, the money saved will be especially useful.
- Designed for children under age 18
- Only $1 minimum balance
- Parent or other adult is custodian of the account
- Potential tax-savings advantages since dividends are in child's name and their tax bracket is generally lower than the parent's
- Set up automatic or one-time transfers from your account into your child's account.