Start Strong, Grow Smart.
At Simplicity, we believe it's never too early to start good money habits. Our Youth Accounts are designed for members ages 0–21, helping kids, teens, and young adults build financial confidence. Whether you're starting with savings, moving into your first checking account, or setting bigger goals with a RISE Account, we've got options to support every stage.
Getting Started is Easy as 1-2-3!
Ready to help them open their first checking account? Here is how to get them started on the right foot.
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Apply
Open the Account Online or at a Branch
Children ages 10–17 will require a parent or guardian to open the account.
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Register
Set up Parental Controls
Set limits on their account through parental controls in digital banking.
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Let's Go!
Real-World Practice Starts Now
Your child can start using their accounts to build smart habits.
Youth Savings
Start smart with a high-earning savings account just for kids and young adults.
- Earn 7.00% APY on balances up to $2,500 and build the habit of saving early.
- Open to ages 0–21. (After your 22nd birthday, the rate changes to the current savings tier.)
- If under 18, a parent or guardian must be a joint account holder.
Reward Checking
Take the next step in managing money with a safe, simple checking account. It's the perfect way for teens to learn spending responsibility.
- No monthly fees
- Easy online access
- Debit card availability
- Available for ages 16–21. If under 18, a parent or guardian must be joint on the account.
RISE Account
Plan ahead for the big stuff—whether it's a first car, college, or a dream adventure. The RISE Account gives members of all ages a dedicated place to save for important milestones. Same great features as a regular savings account, designed to grow with your goals.
Help your child build strong financial habits today. Open a Youth Account and watch their future grow.
*Withdraw without penalty the first 10 days of each quarter
- Jan. 1-10, April 1-10, July 1-10, Oct. 1-10
- Rates
| Youth Savings | RISE Account | Rewards Checking | |
|---|---|---|---|
| Ages 0–16 | Yes | Yes | No |
| Ages 16–21 | Yes | Yes | Yes |
| Requires co-signer, if under 18 | Yes | Yes | Yes |
| Monthly fees | None | None* | None |
| Instant-issue debit card | No | No | Yes |
| Mobile app & online banking | Yes | Yes | Yes |
| Best for savings | Yes | Yes | No |
| Best for spending | No | No | Yes |
| Best for a teen starting a new job | Yes | No | Yes |
| Best for newborn | Yes | Yes | No |
*Disclaimer text could go here
Teach Your Kids Smart Money Habits
Check out our educational resources designed to help kids grow on their financial journey.