Youth Savings for Kids & Teens

Building confidence with every dollar saved

With our carter youth savings account, your child can build a strong financial foundation while learning the value of setting goals and growing their money over time. It’s a simple but effective way to introduce lifelong saving habits that can support them through every stage of life.

Simple and safe savings

Keep track of transfers and deposits easily.

Built-in guidance

Manage your child's account with joint-ownership and make transfers instantly.

Access anytime, anywhere

From mobile and online to in-branch banking, our digital services are always within reach.

Your partner in financial education

Designed to empower you and your child and start building financial confidence together.

$10 minimum opening deposit
Easily link to a carter youth checking account

Ready to start off on the right foot?

Access funds digitally anytime, easily connect it with a carter youth checking account, and use parental visibility tools to stay involved and guide progress.
Encourage saving from an early age while exploring our collection of resources, calculators, financial education games, and blogs that can help kids and teens build strong money skills.
Seamlessly take the next step from childhood to adulthood with an account that evolves alongside them, transitioning into a Carter Savings account when they turn 18.

FAQs

What ages qualify for youth accounts?

Kids, students, and teens ages 6 up to 18 are eligible to open a carter youth checking or savings account. A parent or guardian (aged 18 or older) must be present to open an account and be joint-owner of the account.

Can a parent or guardian have joint-account control?

Yes, our youth accounts offer parental controls that give parents and guardians joint-account ownership and help monitor account activity and make deposits or transfers.

Can I open a youth account online?

At this time, youth accounts can only be opened in person. If you wish to open a youth account for your child, please visit our locations page to find a branch nearest you.

What happens to these accounts when my child turns 18?

When your teenager turns 18, these accounts will convert into other Carter Bank accounts. A carter youth checking account will convert to a Lifetime Free™ Checking account and a carter youth savings account will convert to a Carter Savings account.

Are there any requirements needed to open these accounts?

Yes, there are a few requirements that need to be met in order to open a carter youth checking or carter youth savings account.

Requirements include:

The child or teenager must be between the ages of 6 up to 18
Be accompanied by a parent or guardian aged 18 or older to be named as a joint-account owner
Acceptable forms of ID for both the child and parent

Can I monitor my child's spending?

Yes, when you open a youth account for your child and setup Online and Mobile Banking, you will have access to your child's accounts where you can monitor transactions and make transfers.

Can my child use Zelle, TransferNow, or Bill Pay with a youth account?

Youth accounts are designed to help kids and teens learn smart money habits. As they grow, they can look forward to unlocking additional features like Zelle®, TransferNow, and Bill Pay when they reach age 18.

Are youth accounts protected with overdraft?

Youth accounts are designed to encourage smart spending and saving habits, so overdraft isn’t included.

Can I order checks for a youth account?

Youth accounts do not include checkbook ordering. However, customers can easily deposit checks into a carter youth checking or carter youth savings account anytime using Mobile Check Deposit.

Will my child have a debit card?

Yes, both you and your child will be offered debit cards when opening a carter youth checking. This account is designed to provide convenient access to funds, allowing transactions through a debit card or in-person withdrawals.

If a debit card is lost, can we have it replaced?

Yes, if you or your child need a replacement card, please bring an acceptable form of ID to your local Carter Bank branch. Please reach out to your nearest branch for additional questions.

Is a carter youth checking account required to open a carter youth savings account?

You do not need a carter youth checking account to open a carter youth savings account, however, we recommend having both for your child, teen, or student to enjoy the maximum benefits of both accounts and easily teach your kids smart money decisions about spending and saving.