NaN % APY
Savings rate
A high Annual Percentage Yield (APY) to help their money grow
No fees
No worries
No monthly or maintenance fees, so their money stays where it belongs
$0
No minimum
There’s no minimum balance to open, keep and use the account
KID-FRIENDLY WITH GROWN-UP BENEFITS
High interest
A NaN APY that’ll keep their savings growing even faster.
No fees or minimum
Kids Savings Accounts have no monthly fees and don't require a minimum balance.
Automatic savings
Send their allowance on schedule and make regular deposits.
Linked accounts
Link your bank account (Capital One or another bank) to your child’s bank account.
Multiple accounts
Create multiple Kids Savings Accounts for each of your child’s financial goals.
A top-rated mobile app
The Capital One Mobile app can help them manage money online anytime—almost anywhere.
ANNUAL PERCENTAGE YIELD (APY)
Start their savings with a rate that makes the grade.
| Account Balance | Annual Percentage Yield (APY) |
|---|---|
| Any balance | NaN |
APYs are variable and effective as of 11/1/2024.
KID SAVINGS ACCOUNT: 101
A great rate and a safe way for kids to learn about savings
With a Kids Savings Account, you can help make their allowance go further with a great savings rate. Plus, your child’s balances are FDIC-insured up to the allowable limits.
A TOP-RATED APP, PARENTAL OVERSIGHT
Transfer from your account to theirs
Move money from any linked account—either Capital One or another bank.
LOCATIONS
Find a Capital One Café or bank branch near you.
Personal finance should be, well, personal. That’s why we invite you to stop by and talk about your banking needs. Locate a Capital One Café or bank branch nearest you.
KIDS SAVINGS ACCOUNT FAQS
What’s the minimum age a child can have a Kids Savings Account?
It’s never too early to open a Kids Savings Account for your child. Start saving when they’re a baby and watch their money grow as they do. A Kids Savings Account is owned by one child under 18 years old and one adult. If the child is under the age of 12, then the adult must be the child’s parent or legal guardian.
What do I need to start a Kids Savings Account for my child?
To open a Kids Savings Account for a child, have these things ready:
- For you—name, date of birth, mailing address, email address, phone number, employment information, annual income, Social Security number, citizenship information
- For your child—name, date of birth, mailing address, Social Security number
You’ll also need to agree to the terms and conditions. Based on varied factors, you may be denied for a Kids Savings account. Upon approval, you’ll have 60 days to fund your account.
Can a child’s grandparents open a Kids Savings Account?
Opening a Kids Savings Account is a great way for grandparents to help grandchildren with future expenses and teach them the value of saving. A grandparent can open a Kids Savings Account if the child is at least 12 years old. If the child is under the age of 12, the child’s parent or legal guardian must be the adult to open the account.
What access do kids have to their savings account?
Children’s savings accounts offer dual access so you can learn to save together. Kids can sign in and check their balance online 24/7, but transferring money requires a little help from the adult on the account. You’ll have to sign in using your username and password to actually move money in or out of their savings.
RESOURCES
