First Savings is a savings account designed for children 12 and under. Open with as little as $1 and help teach the young person in your life that even small savings, over time, can add up! Help build healthy money habits and set savings goals for your young saver with a First Fed First Savings Account.
Features and Benefits
- $0 monthly maintenance fee equals no cost for young savers
- Quarterly Statements (Monthly if transactions have occurred)
- Exclusive club membership for children 12 years or younger encourages saving
- Maximum interest-earning potential with interest compounding daily
A minimum deposit of $1 to open. This is a variable interest rate account. This account will be changed to a Summit Savings Account when account holder turns 13 years old. See account disclosure or deposit rate sheet for more information.