Kids’ Savings
Kids' savings accounts include awesome extras to start their financial story off right
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A kids’ savings account is an awesome introduction to the concept of banking. Kids can accompany an adult to an office to deposit their spare change or birthday money into their savings account and watch their funds grow.
When children ages 12 and under open a kids’ savings account at Royal, they’re also enrolled in Kid’s Club, a fun program offering a stamp card, in-office prizes, and family event invites. Royal also partners with certain school districts to provide School $ense locations where kids can transact on their savings account at school as if they were at an office.
Kids’ Savings Account Features
- $5 minimum opening deposit and minimum balance
- Earn a high rate with monthly dividends
- Free electronic or paper statements
- A parent or legal guardian must be a joint savings account holder or give permission for a minor under age 18 to have a savings account
Free Technology Features
- Free real-time alerts via our mobile app, text message, or email
- Free online banking and mobile app
- Free camera check deposit using the mobile app
Other Free Features
- Free ATM withdrawals at shared ATMs nationwide
- Free direct deposit or recurring transfers
- Free CompuTeller access
Kids' Savings Current Rate
Frequently Asked Questions
What is Royal’s kids’ savings account?
A kids’ savings account is a savings account designed to help children age 12 and under learn how banking works while building good money habits. Royal’s kids’ savings account gives young Members a place to deposit money from birthdays, allowances, gifts, or spare change and watch their savings grow over time.
What is Kid’s Club?
Kid’s Club is Royal’s savings rewards program for Members age 12 and younger. Kids are automatically enrolled in Kid’s Club when they open a kids’ savings account and can receive a savings passbook, stamps for deposits, prizes, educational newsletters, and invitations to Kid’s Club events.
Can kids deposit money at school?
Some students may be able to make savings deposits at participating School $ense locations. Royal’s School $ense program operates student-run credit union locations in elementary, middle, and high schools throughout Royal’s footprint, giving students hands-on financial experience.
Can families use online or mobile banking with a Kids’ Savings account?
Yes. Royal’s kids’ savings account includes online banking, mobile app access, camera check deposit, and real-time alerts for the parent or guardian on the account. These tools can help families manage the account.
What happens to a Kids’ Savings Account when my child turns 13?
The structure of a Kids’ Savings account continues unchanged as your child grows, allowing them to use the account like any other savings account even into adulthood. Young Members age 13 and up may be interested in Royal’s Smart Start Checking account, which is designed for young adults. This creates a natural next step when a child is ready to begin learning about checking accounts, debit card use, and everyday money management.
Youth Financial Literacy
Royal is committed to educating kids of all ages about money topics. From our signature school programs to our youth financial education initiatives, we're working to bring money smarts to everyone in our communities
