Teach them they can achieve even the loftiest financial goals, with savings accounts designed for kids and teens.
Build the Foundation for Sound Financial Habits
The Wellby Early Start Savings (kids age 6–12) and Wellby Achievement Savings (teens age 13—17) accounts can help you teach your kids about financial responsibility, so they start their journey off on the right foot.
- Open an account with a $5 initial deposit.
- No minimum balance required after opening their account.
- $0 monthly service fee.
- Easy and secure account monitoring through the Wellby mobile app and online banking portal.
A Savings Account that Grows with Them
When your teen turns 18 years old, their Achievement Savings account automatically upgrades to a Wellby Savings account.
No One Likes Fees, No Matter Their Age
Each account offers a $0 monthly service fee, so your focus can be on building good money habits and teaching them about interest, savings, and finances.
Control and Account Monitoring
Each Youth Savings account is filed jointly with a parent or guardian, who is an active Wellby member. As the adult on the account, you can monitor their activity directly, online or from your mobile app anytime. Kickstart their financial journey with guidance and support each step of the way.
Set Savings Goals: Big or Small
Whether they’re saving birthday money or budgeting for their first car, you can help them create savings goals so you can monitor their progress together. Long-term or short-term, help them stay on the right track to financial wellness.
Compare Savings Accounts
|Product||Wellby Savings||Wellby Savings Plus||Wellby Achievement Savings||Wellby Early Start Savings||Wellby IRA Savings||Wellby IRA Certificates|
|Online Account Management|
|Mobile Account Management|
|No Minimum Balance|
|Identity Theft Recovery|
Youth Savings Account FAQs
Not sure which kid-friendly savings account is right for you and your future Wellby member? Learn more about the benefits that start with Wellby today.