Youth Savings
Big dreams start with small savings.
A simple, no-fee savings account that helps your child build smart money habits.
No Monthly Service Fee
Because learning to save shouldn't cost anything.
Parent-Guided
Parents or guardians are joint owners and stay in control.
Competitive Dividends
Helps kids see how money can grow over time.
How It Works
- Open a Youth Savings account in your child's name (with just $5).
- Add money through transfers, gifts, or deposits.
- Talk about goals and watch their savings grow together.
Helping Kids Learn & Grow Savings
Start with Youth Savings, then explore goal-based and higher-dividend savings options designed to help your child stay motivated and get more from every dollar.
Compare Savings Accounts
Compare Savings Accounts
"Teaching my child the importance of saving early has made a huge difference. Tower made it simple and stress-free."
-Tower Parent
Ready to Get Started?
Open a Youth Savings account today and start building smart money habits together. Make an appointment at a Tower branch or call our Member Service Center at 866-56-TOWER.
Is my child eligible for a Tower youth account?
Your child is eligible for Tower membership through an existing parent or guardian who is a Tower member. If your family is new to Tower, please learn more about membership and how to join.
What is required to open a youth savings account?
One form of identification for the minor is required. A signature is also required if the minor is age 10 or older.
Acceptable forms of ID include:
Can children access online and mobile banking?
Tower allows children ages 13 and older access to the Tower App and Online Banking.
How can I manage my child's savings account?
Managing your family accounts is easy with Tower! As a joint owner, you will see their accounts when you log in to Digital Banking and can easily transfer money.
Can I open more than one savings account for my child?
Yes! Tower offers a variety of no-fee savings accounts to help your child reach their savings goals. Options include our "You Name It" accounts for specific goals (eg, New Laptop, Concert Tix, College Fund)—as well as our Share Certificate accounts that guarantee a higher APY for a specific term. Compare our savings accounts.
Is my child's account safe and secure?
Tower savings accounts are backed by a trusted credit union and insured up to $250,000 by NCUA.
Your child is eligible for Tower membership through an existing parent or guardian who is a Tower member. If your family is new to Tower, please learn more about membership and how to join.
What is required to open a youth savings account?
One form of identification for the minor is required. A signature is also required if the minor is age 10 or older.
Acceptable forms of ID include:
- Birth certificate
- Social Security card
- U.S. passport
- Driver's license or state ID
- Military dependent ID
Can children access online and mobile banking?
Tower allows children ages 13 and older access to the Tower App and Online Banking.
How can I manage my child's savings account?
Managing your family accounts is easy with Tower! As a joint owner, you will see their accounts when you log in to Digital Banking and can easily transfer money.
Can I open more than one savings account for my child?
Yes! Tower offers a variety of no-fee savings accounts to help your child reach their savings goals. Options include our "You Name It" accounts for specific goals (eg, New Laptop, Concert Tix, College Fund)—as well as our Share Certificate accounts that guarantee a higher APY for a specific term. Compare our savings accounts.
Is my child's account safe and secure?
Tower savings accounts are backed by a trusted credit union and insured up to $250,000 by NCUA.
