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Youth Savings Accounts

Start Your Kids on the Path to Savings

Teach your child or teen proper savings techniques and get them on the path to financial literacy with a savings account built specifically for their needs.



The best way to prepare your children for adulthood is to teach them healthy savings habits from a young age. With a Raiz Youth Savings Account, you can get your child started off on the right foot with an account designed for their specific age group¹.


Online Banking

It's easy to teach your kids to manage money with simple online tools you can access right from the comfort of your home.

Dividends Paid Quarterly²

Let your child see how a real Savings Account works with dividends paid quarterly on balances of $100 or more, so they can watch their savings grow.

Scholarship Opportunities

Prepare your student between the ages of 13 and 17 for college by applying for one of Raiz's $1,000 educational scholarships each year.

Spirit Debit Card

Children of ages 15-17 years can get a Raiz Debit Card with parental permission to help them learn about healthy spending habits.

And more

Dividends Paid Quarterly

Watch Your Child's Savings Grow

With a Raiz Youth Savings Account, your child can earn dividends on balances of $100 or more that are paid out quarterly, so they can watch their savings grow.

Scholarship Opportunities

Start Preparing for College Now

What are you waiting for? If your student is between the ages 13 and 17, get them ready to attend college by applying for one of Raiz's $1,000 educational scholarships each year!

Why Choose Raiz?

Our financial experts are some of the best, but really our motivation is you. Here is what we are doing to today to reach a brighter tomorrow.


We work hard to make your money work for you. Reap the benefits of our innovative products and services that provide you with high dividend checking accounts, low interest on loans, and great rates on savings and retirement accounts.


Your money never sleeps, and neither do we. Raiz members have access to their digital banking 24/7 and online support chat to help with all your banking needs.


We don’t just want to help you manage your money, we want you to thrive! Raiz provides free, award-winning online courses that cover an array of topics for every stage of your life.

Start your financial journey today.

Rising up our community is what drives us forward. We dedicate our time, funds, and resources to organizations and initiatives that are committed to making a difference.

How It Works

Ready to start your child on the path to financial literacy? Open a Youth Savings Account in three easy steps:

  • 1

    Open an Account with Your Child

    Show your child how to open their very first savings account

  • 2

    Set Up Online Banking

    Work with your child to set up the online banking features.

  • 3

    Start Saving

    Teach your child to save money into the account.

Schedule an appointment

Top Youth Account Questions

  • If your child is 17 years or younger with a Social Security Number, they may open a Youth Account.

  • Youth Account holders aged 15 years and older with a state-issued I.D are eligible for a Raiz Debit Card.

  • Yes, once the account has a deposit balance of $100.00, it will start to earn dividends. View current rates here.

  • Youth Account holders between 16-17 years may be the primary account holder with a government-issued I.D. Otherwise, an adult must be a joint owner of the account.

Have a question?

We’re happy to help you every step of the way!

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Schedule an appointment

Schedule a virtual or phone appointment convenient for you, and let us help you get to the next financial level.

Youth Savings Account

Give Your Child a Head Start Toward Healthy Financial Habits

Help your child open a youth savings account, so they can start building their savings and learning healthy financial habits that will help them later in life.

  • 1Raiz Youth Accounts are divided into three groups. Mighty Tots account for members 5 years and younger. Power Kids for members 6-12 years. Student Savings for members 13-17 years.
    2Dividends are earned at $100 and compound monthly. A minimum deposit of $5 is required to open an account.

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