Establishing healthy financial habits from a young age can set up children and young adults for future financial success.  Get a head start on savings and financial education with a Student Savings Account with Armed Forces Bank for children and young adults under the age of 23.  Joint ownership with a parent or guardian is required for those under the age of 17.  Interest compounds quarterly1 and there is no monthly service charge. A minimum opening deposit of $25 is required.  

Take advantage of our Saving Cents program that rounds up debit card purchases from an Armed Forces Bank Checking Account and applies the change directly into a Savings Account. Students can see their money grow over time by signing up for Digital Banking and setting up customized account alerts3


Student Savings Rates

Account BalanceAnnual Percentage Yield
All balances0.03%