MB Youth Savings

Introduce your child to responsible money management with this interest-bearing savings account.footnote

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Call us at 1.888.i bank mb  (1.888.422.6562) or contact us.

Perfect for

Children ages 17 and under who are ready to start learning the value of money management.

Benefits

  • Great way to teach your child to save money
  • No minimum balance requirement and no monthly service charge
  • Earn interest on as little as $1
  • Up to 4 free withdrawals per month

Features

  • Free Internet banking
  • 24-hour access to Phone Access Line (PAL)
  • Your choice of e-statements, paper statements or passbook

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Interest rates

No minimum to open, quarterly compounding

Interest rates
Balance Interest rate APY*
Below $2,500 0.030% 0.03%
$2,500 - $24,999.99 0.030% 0.03%
$25,000 and over 0.030% 0.03%

* Annual Percentage Yields (APY) are current as of 12/02/2016

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Things to know

  • No minimum balance requirement, no monthly service charge
  • Minimum to open is $1
  • Minimum to earn interest is $1
  • Interest is compounded and credited quarterly
  • This account automatically converts to an MB savings account after the account holder turns 18 years old

Ready to apply for an account?

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1 Variable rate tiered account. Rate subject to change at any time without notice. Fees may reduce earnings. Please refer to the Personal Banking Customer Fee Schedule (PDF).

This account requires a custodian to be on the account with the minor. The custodian makes transactions on behalf of the minor. Transaction limits apply. Back to top