Saving in your teens can set you up for great financial health as an adult. When you get your first job as a teenager or a college student, setting money aside in a savings account can give you a head start on financial goals and expenses you may have throughout adulthood. There are so many benefits to start saving in your teens, including teaching young adults money management skills early on and:
Available for young adults under 24 1
$25.00 minimum opening balance
Maintain $25 balance to earn monthly interest 2
No Monthly Service Charges
5 free withdrawals per month 3
1Parent/Guardian must be a signer on account for accountholders under the age of 18. At age 24, the account will convert to a standard savings account. 2Contact your local branch for current rate. 3Excessive withdrawal fee of $3.00 per withdrawal after exceeding 5 free monthly withdrawals.
You know the importance of saving. Give your little one an early start on earning, saving and managing their money. Our student savings account comes in handy no matter your child’s age or grade. You can instill money management skills and help your school-aged child and pre-teen develop a savings habit today for a great financial future later.
Stashing your cash under your bed or in an old piggy bank or jar? Open our Student – Young Adult Savings Account for more benefits and get easy access to your money when you need it.
Have comfort in knowing your money is stored in a safe place.
Become a good manager and easily manage your savings in online and mobile banking.
Your money doesn’t earn interest storing it at home. Let your money grow over time with a savings account.
Access your money when you need it and check on it any time, anyplace with online and mobile banking.
Take advantage of our easy-to-use online and mobile banking technology. Online or with the BankSouth mobile app, you can:
It’s easy to enroll, easy to use, and fully secure. It’s your local bank wherever you go.