Youth Savings Account

Teach your child responsible savings habits while earning interest as they grow. 

Set Your Savings Plan up for Success

  • Earn interest while you save for the future1
  • No monthly service charge
  • No minimum balance requirement to open or earn interest
  • Perfect for children up to age 17
  • Up to 4 free withdrawals per month2 

Other Things to Know about the MB Youth Savings Account

  • Choose from e-statements, paper statements, or passbook
  • An adult is needed on the account3
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 02/07/2019

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).
2 Four free withdrawals per month, excess activity fee of $5 per withdrawal thereafter
3 This account requires a custodian to be on the account with the minor. The custodian makes transactions on behalf of the minor.