Best Kids, Student & Custodial Savings Account Rates — July 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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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 Maspeth Federal S&LMaspeth Federal S&L5618 69th St, Maspeth, NY 11378A5.0 ★Texas Ratio: 6.07% offering Teen Savings at 10.00% APY, and SPECTRASPECTRA1024 Saint Nicholas Dr, Waldorf, MD 20603A+5.0 ★Texas Ratio: 6.72% offering Business Brilliant Kids Savings at 10.00% APY. Savings rates as of July 25, 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: July 25, 2026
Compare the Best Kids, Student & Custodial Savings Rates
AS LOW AS; On first $1,000.
Balance: $5 - $1,000
Balance: $1 - $6000
APY* 10.38%**
Kid's earn 10% APY on the first $500 they save! Earn $1 for every "A" or "B" on their semester report card. Member must redeem their filled sticker card in branch. The first $500 on deposit will earn 9.57% interest for an APY of 10.00%. All funds above $500 on deposits will earn the same rate as a regular savings account.
No additional details available.
on first $500; Dividends Compounded & Credited: Quarterly; Dividend Period: Quarterly
No additional details available.
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On balances up to $5,000.00
Balances above $2,500.00 are paid the standard share savings rate. For members from ages 0-21.
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.
ages 0-17 or older with current Student ID
Youth Savings available to members under the age of 21 years old and earns 5.00% APY up to $1,000 deposited, Regular Share Savings rate for balances thereafter; at 21, Youth Savings converts to a Regular Share Savings account.
No additional details available.
Rates effective as of 3/1/2026 and are subject to credit criteria, collateral, and term. Certain restrictions apply. Membership eligibility required.
No additional details available.
Qualifying balance up to $5,000.00
on the first $1,000 on deposit
No additional details available.
Balances $0.00 - $1,000.00
Qualifications Required: 1 direct deposit or ACH credit; 12 debit card purchases; e-statements enrollment; online banking enrollment/login; APY is accurate as of 7/11/2026 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.
Qualifying balance up to $1,000.00; 5.00% to 3.21% APY on balances between $1,000 and $2,500 depending on balance in account; 3.21% to 0.50% APY on balances over $2,500 depending on balance in account; 1 free withdrawal per quarter; $25.00 fee for each additional withdrawal; Shared branching available
No additional details available.
Free Greenlight subscription included! Debit card and money app for kids and teens, a $70 value*
Must be opened at a branch. Variable rate information. The interest rate of the tier will be paid only for that portion of your daily balance that falls within the tier minimum and maximum. The annual percentage yield for each tier will vary, depending on the balance in the account. For example, an optimum savings or optimum student savings account with a daily balance of $50,000 would earn an interest rate of 4.89% on the first $5,000. The account would earn an interest rate of 0.25% on the remaining $45,000.
No additional details available.
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On the first $0 - $500.
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.
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UP TO AGE 21
No additional details available.
APY Range: 0.00% - 4.60%
No additional details available.
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.
Variable rate account. Your share rate may change after the account has been opened. Rates are not guaranteed. Penalties for early withdrawals may apply. Fees may reduce earnings on the account.
1
No additional details available.
No additional details available.
Up to $5,000
No additional details available.
Balances of $.01 to $500.00
No additional details available.
Blended APY range calculated on an assumed sample deposit of $10,000.00 for Youth Savings
Highest yield on balances up to $1,000. A blended APY is calculated based on balances in each earning tier. There is no minimum balance requirement to obtain the disclosed annual percentage yield (APY).
Qualifying balance up to $500.00
No additional details available.
No additional details available.
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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 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 Coast-to-Coast 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 - Maspeth Federal S&L
Teen Savings — 10.00% APY - Alliance Credit Union Fenton, MO
Star Student Savings Club — 10.00% APY - Lowell Firefighters Credit Union
Savings Club for Kids — 8.00% APY
More Savings Rate Options
