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Youth Savings Accounts

The early bird gets the savings

Want to give your kids a head start in life? Open a youth account and get them excited about money smarts.

What is a Youth Savings Account?

A Youth Savings Account at Zing is a savings account made just for kids and teens. It helps them learn how to save, track their money, and set goals—all with a little guidance along the way. With no monthly fees and online access, it’s a simple and fun way to start building financial confidence early.

Youth Savings Account

Milestones matter! From the first tooth to the first steps… to the very first savings account. Most people stick with their first financial institution for life, so why not start them off with one that puts them first? Open a Youth Savings Account at Zing, you can starting as early as birth.
- Ages 0-12

- Open with just $5

- Earns dividends at $100

Feature - Youth Savings Accounts

Teen Accounts

Teens with paychecks need a place to put it—open a youth account built just for them. You can open both a savings and a checking account if desired.

Since you have joint ownership on the account, it’s easy to monitor activity from wherever, whenever⁠—just in case someone decides to go on a video game shopping spree.

- Ages 13-18

- VISA debit card or Clear Card with Checking Account (Compare both options below)

- Joint ownership with parent or guardian

- Easy to monitor with Online and Mobile Banking

Feature - Youth Savings Accounts 2
Preferred Checking vs Clear Card

Rates effective as of: April 28, 2025

Benefits of a savings for children

Promotes Financial Responsibility

A savings account for kids instills a sense of financial responsibility. By encouraging children to save a portion of their allowance or earnings, they learn the importance of setting aside money for future needs or emergencies. This lesson fosters good saving habits that will benefit them throughout their lives.

Teaches the Value of Money

Saving teaches children the value of money and the effort required to earn it. Watching their savings grow over time makes them more aware of the worth of every dollar. This understanding helps them make informed decisions about spending and saving in the future.

Provides a Head Start for Future Financial Goals

A bank account for kids gives children a head start in achieving their future financial goals. Whether they dream of buying their first car, pursuing higher education, or starting a business, having a savings account allows them to accumulate funds over time. This early start can significantly impact their ability to achieve these goals.

Teens and parents—ready to build smart money habits? Set up a free session with a financial coach (in person or by phone) to make the most of your Youth Account.

 

Request a coaching today!

Read more about Youth Savings Accounts on Our Blog!

Why Your Child Should Have a Youth Savings Account

Kids these days are growing up with more access to financial products than ever before. Let’s take a look at why it can be a good idea to open a…

Learn More About Savings Account for Kids

With our savings account for kids, young savers can learn about budgeting, setting savings goals, and understanding the value of earning dividends on their savings.

Here's how it works

  • 1

    Come on by

    Stop by the branch or open an account online.

  • 2

    Know what you'll need

    Bring in or upload documentation to verify the child's identity and the parent or guardian's relationship to the child; the child's birth certificate, social security number, and proof of address.

  • 3

    Get your card

    That’s it! For teen checking accounts, we'll send out a debit card. You can manage any account you open on the MyZing App.

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I absolutely love Zing. I have never had any issues and if there were any, Zing helped me to find a solution every time. I can’t begin to say how thankful I am for the services they have provided that has tremendously helped me out as a single mother. I will continue to be a customer to this bank and would definitely recommend others be a customer as well.

— Destiney R.

Resources

Order Checks
ID Safe Choice
Direct Deposit

Frequently Asked Questions

  • Yes!

  • No, there are no fees associated with our youth saving account for children.

  • Yes, parents can easily monitor and manage their child’s savings account. We provide a user-friendly online banking platform that allows parents to track their child’s transactions, set savings goals, and even automate regular transfers to the account.

  • You can open a youth savings account from birth until 12. Teen accounts are available from 12-18 years old. However, parents or legal guardians must open an account on behalf of their children.

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