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Youth Savings Account

Securely save for the future, while building strong roots for your family.

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The Account that Grows with Your Child

  • Earns interest at a competitive rate, which we'll credit to the account every month.
  • Automatically changes account type:

    Turning 18 automatically changes your Youth Savings to SaveUp Savings

    The account will automatically transfer to a SaveUp Savings account when the primary accountholder turns 18-years-old.

  • Minimum amount to open is $25, which you can open at any convenient branch location.

Flexible and Convenient to Manage

Youth Savings comes with simple ways to earn more and stay organized.

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View your child's savings alongside your other Central Bank accounts! Quickly manage all your accounts in one location by logging into our award-winning Mobile App and Online Banking.


Within Online Banking, you can easily set nicknames for the account with the minor's name to keep your accounts organized.

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Save with Auto-Transfers

If you have a Central Bank checking account and Debit Mastercard®, you can enroll in RoundUp to automatically transfer money into the Youth Savings account anytime you use your debit card.

How to Open Youth Savings

The sooner you can save, the more you can earn. Ready to start saving? Here's what you need to open a Youth Savings account:

  • Child's name, birthdate, and Social Security Number
  • Your picture identification, such as a driver's license or passport
  • Your Social Security Number
  • Your personal information, including address, phone number, and email address

Open a Youth Savings account at any convenient branch location, or contact us if you have any questions.

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Consult your tax advisor for more information