Youth Banking Accounts

Few decisions hold greater financial rewards than establishing the foundation for our youth's future, and the earlier you start, the more advantageous it becomes. Opening a bank account provides young individuals with an initial opportunity to save and spend, cultivating financial responsibility and fostering lifelong benefits.

 

Open Account

NextGen Banking1 - Saver

Helping our youth (13 to 24 years old) build a foundation to save smarter by starting their financial journey without the worry of fees and greater rewards for saving, more than 4x the national average!

  • $1.00 minimum to open account
  • No monthly minimum balance required 
  • Interest Rate – 4.00% APY2 on first $10,000
  • Interest Rate – 1.00% APY2 on above $10,000 or more

Open Account

NextGen Banking1 - Spend

Our bundled account includes NextGen Saver helping our young adults (13 to 24 years old) spend smarter without the worry of fees.

  • Free Monroe Savings MasterCard Debit Card
  • Parental Controls on joint accounts (Card Valet) – Turn card on and off, restrict transactions or set transaction alerts so parents are always in-the-know.
  • No minimum balance requirement
  • Overdraft Fee Protection

Open Account

Kids Saver Banking

Helping kids (12 and under) build a foundation to save smarter by starting their financial journey without the worry of fees and greater rewards for saving, more than 3x the national average!

  • $1.00 minimum to open account
  • No monthly minimum balance required
  • Interest Rate – 3.00% APY2 on first $5,000
  • Interest Rate – 0.50% APY2 on above $5,000 or more

Open Account

1NextGen Banking comprises a bundled account featuring both Spend and Saver accounts.

2Annual Percentage Yield. Variable rate accounts. Fees may reduce earnings.

3Based on the national average yield for savings accounts as of December 14, 2023, according to Bankrate's survey of institutions.