Best Kids, Student & Custodial Savings Account Rates — June 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
- Location-Based Rate Tables
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Top youth and student savings rates currently available include SPECTRASPECTRA1024 Saint Nicholas Dr, Waldorf, MD 20603A+5.0 ★Texas Ratio: 6.72% offering Brilliant Kids Savings at 10.38% APY, and Panhandle Credit UnionPanhandle Credit Union2718 Martin Luther King Jr Blvd, Panama City, FL 32405 4408A+5.0 ★Texas Ratio: 1.16% offering Rising Tide Youth Share at 10.00% APY, and Century Credit UnionCentury Credit Union1540 LEMAY FERRY RD, SAINT LOUIS, MO 63125 2405A+5.0 ★Texas Ratio: 0.81% offering Youth savings at 10.00% APY, and Lowell Firefighters Credit UnionLowell Firefighters Credit Union642 Chelmsford St, Lowell, MA 01851A+5.0 ★Texas Ratio: 0.00% offering Savings Club for Kids at 8.00% APY. Savings rates as of June 11, 2026 according to verified data from MonitorBankRates.
We evaluate every listed institution using proprietary Safety Grades, Star Ratings, and Texas Ratios — so you can choose wisely for your family’s future savers.
APYs reflect actual verified offers. Rates subject to change. Last Updated: June 11, 2026
Compare the Best Kids, Student & Custodial Savings Rates
On first $1,000.
Balance: $5 - $1,000
No additional details available.
No additional details available.
7.00% on first $500
Qualifying balance up to $2,500.00
No additional details available.
No additional details available.
$5 to $500
On balances up to $5,000.00
Additional deposits can be made up to $8,000. The minimum additional deposit is $100. The Teen Savings matures on the teen's 18th birthday. Any withdrawal prior to maturity will result in a penalty of all dividends earned.
Additional deposits can be made up to $8,000. The minimum additional deposit is $100. Matures on the teen's 18th birthday. Any withdrawal prior to maturity will result in a penalty of all dividends earned.
High interest-bearing account; Qualifying balance up to $500.00
(ages 0-17 or older with current Student ID)
No additional details available.
No additional details available.
No additional details available.
Qualifying balance up to $5,000.00
on the first $1,000 on deposit
No additional details available.
No additional details available.
No additional details available.
Earn 5.00% APY more on the first $750
Qualifying balance up to $1,000.00
No additional details available.
Qualifying balance up to $1,000.00
No additional details available.
Qualifying balance up to $1,000.00
No additional details available.
Qualifying balance up to $500.00
Qualifying balance up to $500.00
Compound Frequency: Monthly
On the first $0 - $500. Rate based on terms. See Notes and Fees for details.
No additional details available.
Qualifying balance up to $1,000.00
APY is accurate as of 6/3/2026 and subject to change, including after account opening, without notice. The Student Savings account is a variable rate tiered account. Balances $1,000.01 to $10,000.00 earn 5.00% - 1.39% APY range and 1.00% dividend rate. $10,000.00 balance is an illustrative example for APY computation purposes only. There is no maximum balance for Student Savings accounts. The dividend rate is paid on the portion of the daily balance within each balance tier. Fees may reduce earnings.
5.00% to 0.25% on balances of $5,000.01 and greater; Must be opened at a branch
UP TO AGE 21
$0.01-$499.99
Qualifying balance up to $1,000.00
Interest rate paid on the entire balance will be 4.72% if the daily balance is less than $500.00. At the age of thirteen (13), the account will be converted to a Statement Savings account.
APY Range: 0.00% - 4.60%
Additional deposits can be made up to $5,000. The minimum additional deposit is $100. The Youth Savings matures on the child's 13th birthday. Any withdrawal prior to maturity will result in a penalty of all dividends earned.
Additional deposits can be made up to $5,000. The minimum additional deposit is $100. Matures on the child's 13th birthday. Any withdrawal prior to maturity will result in a penalty of all dividends earned.
No additional details available.
No additional details available.
No additional details available.
Qualifying balance up to $500.00
APY is 4.00% on balances up to $20,000.00
Qualifying balance up to $5,000.00
Blended APY range calculated on an assumed sample deposit of $10,000.00 for Youth Savings
No additional details available.
No additional details available.
ages 0-17 earn
No additional details available.
No additional details available.
National Savings Rate Trends
Daily averages from thousands of rates across 8,500+ institutions.
Youth, Student & Custodial Savings Accounts
Opening a savings account for a child is one of the most impactful financial education tools available. Many banks and credit unions offer accounts specifically designed for young savers, featuring no monthly fees, low or no minimum balance requirements, and sometimes bonus APYs to reward regular deposits.
Custodial accounts (UGMA/UTMA) allow parents to invest on behalf of a minor — assets transfer to the child at adulthood. Student accounts target college-age customers with features like no overdraft fees and digital budgeting tools. Youth savings accounts typically serve children under 18 with parental co-ownership.
What to Look For in a Youth Savings Account
Prioritize: no monthly maintenance fees, low or zero minimum deposit, a competitive APY, educational resources for young account holders, and mobile app access. Credit unions often excel in this category, offering personalized service and community-focused programs. Many credit unions allow youth to join through a parent’s existing membership.
Methodology & Data Sources
Direct-Sourced & Verified Rate Data: We aggregate youth, student, and custodial savings rates nationwide directly from bank and credit union websites using our proprietary rate aggregation technology. By pulling data straight from institutions’ own digital properties and manually verifying yields daily, every rate on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems monitor the market to provide a complete picture of available youth savings yields across the country. Youth accounts are frequently offered by local community banks and credit unions, so using the state filter above is particularly effective for this product type.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update savings rates daily. Every product listed features its own specific “last updated” date for full transparency.
Proprietary Institution Health & Safety Grades: MonitorBankRates evaluates the financial stability of every listed institution. Our Health Grades (A+ to F) and Star Ratings are composite metrics calculated using objective regulatory data, including the Texas Ratio.
Savings Calculators
Frequently Asked Questions about Youth & Student Savings
What is a custodial savings account?
Can a minor open a savings account on their own?
Are youth savings accounts FDIC insured?
What is the difference between a youth and a student account?
Do kids savings accounts earn good interest rates?
What happens to a custodial account when the child turns 18?
What should I look for in a youth savings account?
What are the best Youth Savings rates right now?
- SPECTRA
Brilliant Kids Savings — 10.38% APY - Panhandle Credit Union
Rising Tide Youth Share — 10.00% APY - Century Credit Union
Youth savings — 10.00% APY - Lowell Firefighters Credit Union
Savings Club for Kids — 8.00% APY - Whatcom Educational Credit Union
First Step (Youth) Savings — 7.00% APY
More Savings Rate Options
