Teen girl with piggy bank and decorah bank debit card

Teen Savings Bundle

Give Your Teen a Head Start on Smart Money Habits!

Our Teen Savings Bundle is designed for teens ages 13-17. Packed with perks like Free Financial Education to teach money management, seamless digital banking tools, and fun rewards through our partner Banzi, it’s the perfect way to help teens learn and grow financially! Our account options allow a parent to be a joint owner so they can monitor their teen’s spending. Plus, when you open a Simply Checking Account and our Savings Account, you’ll get a $25 Kick-Start Credit.

Simply Checking Account

Designed for simplicity, the Simply Checking Account offers everything your teen needs to manage their money independently, without the burden of unnecessary fees. Simply Checking is a non-interest bearing account at 0.00% APY³.

Key Benefits:

No Monthly Fees
No Minimum Balance Required to Maintain the Account
$1.00 Deposit Required to Open Account
No Annual Fee Debit Card
Free Paper Statements¹

¹Free paper statements will be discontinued when account holder turns age 22.

³ Annual Percentage Yield (APY) effective as of 02/03/25 and subject to change.

Learn more about Simply Checking here.

Savings Account

Help your teen build a foundation for their future with a savings account that earns interest while teaching smart saving habits. Our Savings Account is an interest bearing account at 0.05% APY³.

Key Benefits:

No Monthly Fees²
Free Paper Statements²
No Minimum Balance Required to Maintain the Account²
$1.00 Deposit Required to Open Account
Interest Paid on Average Daily Balance of +0.01
Online Banking (Available at age 14)

²No monthly fees, no minimum balance and free paper statements will be discontinued when account holder turns age 22.

³ Annual Percentage Yield (APY) effective as of 02/03/25 and subject to change.

Learn more about our Savings Account here.

Teen Bundle Features

Your teen gets access to additional tools and resources designed to make financial management easy and fun.

Parental Monitoring: Track activity & set up custom alerts & text notifications with account alerts
No Monthly Fees: Keep every penny - truly free savings!
Save the Change: An effortless way to save money by rounding up your purchases and transferring the difference into another account. Click here to learn more.
Zelle^®: Easily and securely send money to friends. Click here to sign up!
Mobile Check Deposit: Deposit checks using your mobile device. Click here to learn how.

Open An Account To Receive:

$25 loyalty credit. scroll down for details.

Visit with a Personal Banker today!

$25 Kick-Start Credit may be redeemed by those under 18 years of age, by opening a Simply Checking in conjunction with a Savings account. Credit will be applied to the account at time of account opening. Limit one(1) $25 Kick-Start Credit per customer under 18. See Bank for details about APY (Annual Percentage Yield) and minimum account balance per account type.

Any credit will constitute interest per the Internal Revenue Service. You may see the value of the bonus or gift reflected on your 1099-INT.

Financial Education for Kids of All Ages

Check out our FREE Financial Literacy program called Banzai! Read through dozens of articles and play games that teach kids about real-life financial scenarios.

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