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USAA Federal Savings Bank FDIC-Insured - Backed by the full faith and credit of the U.S. Government

Build lifelong habits with a youth savings account.

A USAA Youth Savings account can help kids younger than 18 start their financial journey on the right foot.

Apply now for a Youth Savings account

Not a member? Join USAA U S A A

Build lifelong habits with a youth savings account.

A USAA Youth Savings account can help kids younger than 18 start their financial journey on the right foot.

Apply now for a Youth Savings account

Limited offer

Earn a $100 bonus toward their goals with a youth checking account.

Getting started is simple. Open their first USAA Youth Spending Account, order a debit card and help them make 5 qualifying purchases to earn a cash bonus. Read full terms and conditions.‍ ‍ See note 1

Offer only available on their first eligible account. Apply between July 15, 2026, and Oct. 16, 2026.

Apply Now for a Youth Checking Account

Not a member? Join USAA

What a USAA Youth Savings account offers

A savings account can help your teen understand the value of money and how to manage it.

Parents who are USAA members can open an account for their child with as little as $25.

No monthly service fee

Teaching financial responsibility shouldn’t come at a cost.

Free savings tools

Help your kid save money automatically with our savings tools.‍ ‍ See note 2

Online access

Check your child’s account on usaa.com or the USAA Mobile App.‍ ‍ See note 3 You can also give your child digital access when they turn 13.

Keep them on track with parental controls.

Let your child build financial independence while setting safe boundaries and monitoring their account.

Parental controls let you do things like:

  • Temporarily set withdrawal limits.
  • Create alerts for low balance, large withdrawals and more.‍ ‍ See note 4
  • Give your child access to make online transfers and deposits after they turn 13.

Sending money fast is easy.

Whether you’re at home or on the go, you can easily add money to your teen’s account.

  • Set up transfers.
  • Deposit checks using Deposit@Mobile.‍ ‍ See note 5
  • Find more than 100,000 preferred AutomatedTellerMachines.‍ ‍ See note 6

How to get started

Steps to complete How to get started

  1. Log on

    If you’re not a USAA member, check to see if you can join.

  2. Apply

    As the parent or legal guardian, you’ll need the full name, address, date of birth and other identifying info for each person.

  3. Add money

    Make a deposit of at least $25 using a debit card, credit card, checking account or savings account.

Apply now for a Youth Savings account

Not a member? Join USAA U S A A

How to get started

Steps to complete How to get started

  1. Log on

    If you’re not a USAA member, check to see if you can join.

  2. Apply

    As the parent or legal guardian, you’ll need the full name, address, date of birth and other identifying info for each person.

  3. Add money

    Make a deposit of at least $25 using a debit card, credit card, checking account or savings account.

Apply now for a Youth Savings account

Pair their savings account with a youth checking account.

As they grow their money, they’ll need to know how to shop responsibly with it.

Monitor your kid’s spending, set limits, create withdrawal alerts and more with a USAA Youth Spending account.

Learn about youth spending

Rates for USAA Youth Savings

Rates for USAAA Youth Savings

Daily ledger balance

Less than $1,000

Annual percentage yield (APY)

§%

Daily ledger balance

$1,000 to $4,999.99

Annual percentage yield (APY)

§%

Daily ledger balance

$5,000 to $9,999.99

Annual percentage yield (APY)

§%

Daily ledger balance

$10,000 or more

Annual percentage yield (APY)

§%

Rates for USAA Youth Savings

Rates for USAAA Youth Savings
Daily ledger balance Annual percentage yield (APY)

Less than $1,000

§%

$1,000 to $4,999.99

§%

$5,000 to $9,999.99

§%

$10,000 or more

§%
Rates for USAAA Youth Savings
Daily ledger balance

Less than $1,000
Annual percentage yield (APY)

§%
Daily ledger balance

$1,000 to $4,999.99
Annual percentage yield (APY)

§%
Daily ledger balance

$5,000 to $9,999.99
Annual percentage yield (APY)

§%
Daily ledger balance

$10,000 or more
Annual percentage yield (APY)

§%

Minimum deposit to open is $25. Rates are current as of §. Rates are subject to change. Fees may reduce earnings. View accounts terms and fees Opens in a new window.

Youth savings account FAQ

Yes, they will if you order one. The card will come in 7 to 10 business days.

Your child can use it to deposit checks and cash into their account at a preferred ATM that takes deposits.‍ ‍ See note 6 Find these with our ATM locator.

This account is for kids younger than 18. To open it for them, you have to be their parent or legal guardian.

We’ll convert a USAA Youth Savings account to a regular savings account right after a child turns 18.

If you stay on as a joint account holder, you can continue monitoring their account and easily assist with bills or transfers.

If you haven’t sent us any proof of identification since you opened the account, you’ll need to upload images of their:

  • Social Security card.
  • Government-issued ID.
  • Proof of physical address.

You can submit these to us on our document portal. To comply with the USA PATRIOT Act, USAA Federal Savings Bank, or FSB, must verify the ID of all account holders.

If we don’t receive this proof within 55 days after your child turns 18, the account will be at risk of closing.

Banking resources for families

Money-saving tips for families to reach their financial goals together

Article: 5 minutes

Read article: Money-saving tips for families to reach their financial goals together

Youth checking & savings accounts: A parents guide

Article: 10 minutes

Read article: Youth checking & savings accounts: A parents guide

Life lessons: Raising financially independent kids

Article: 5 minutes

Read article: Life lessons: Raising financially independent kids

Teach your child how to save early and often.

Guide their steps with a USAA Youth Savings account.

Apply now for a Youth Savings account

Not a member? Join USAA U S A A

Teach your child how to save early and often.

Guide their steps with a USAA Youth Savings account.

Apply now for a Youth Savings account

Related footnotes:

  1. Youth Spending Account Promotion Offer Terms and Conditions

    Eligibility:

    This offer is available for new USAA Youth Spending accounts from USAA Federal Savings Bank, also known as USAA Bank, applied for between July 15, 2026, and October 16, 2026, by 11:59 PM Central Time. A USAA Youth Spending account is a youth checking account owned jointly by a minor under the age of 18 years old and their parent or legal guardian. The minor is the primary account holder and must have or establish membership to qualify. Use of the term "member" or "membership" refers to membership in USAA Membership Services and does not convey any legal or ownership rights in USAA. Restrictions apply and are subject to change.

    An account is not eligible for this offer if:

    1. The minor account holder currently has, or has had, any ownership of a USAA Youth Spending account within the 12 months prior to new account opening; or
    2. The account is titled as a trust account, estate account, or any other representative or fiduciary account.

    Bonus Requirements and Payment

    To qualify for the bonus:

    • The parent or legal guardian must apply for a new USAA Youth Spending account between July 15, 2026, and October 16, 2026, by 11:59 PM Central Time, open the account with a minimum deposit of at least $25, order at least one debit card for the new account; and
    • Within 60 calendar days of account opening, complete 5 debit card purchases using any debit card associated with the new account. The purchases must post to the account within this 60-day window. USAA Bank does not determine the posting date. The posting date may be later than the date the purchase was initiated.

    Examples of transactions that do not qualify: ATM withdrawals, Automated Clearing House or ACH transfers, Zelle® transactions, and internal transfers to or from other USAA Bank accounts or products.

    After the debit card purchase requirements are met, USAA Bank will attempt to deposit the $100 bonus into the account within 60 calendar days. The account must remain open and in good standing at the time USAA Bank attempts to deposit the bonus payment.

    Additional Terms and Conditions

    • All account applications are subject to approval.
    • Account requires a minimum opening deposit of at least $25, but there is no minimum balance required to obtain the bonus.
    • USAA Youth Spending accounts with a daily ledger balance of $1,000 or more have an annual percentage yield (APY) of §%, accurate as of §. Rates subject to change. Fees may reduce earnings.
    • Limit one bonus per minor child, on the first eligible account only.
    • Offer cannot be paid without a valid U.S. taxpayer identification number and cannot be combined or replaced with any other checking account offer for the primary account holder.
    • If required by law, USAA Bank will report the bonus as income to tax authorities. Account holders are responsible for any federal, state, or local taxes due on the bonus; consult a tax advisor
    • Offer cannot be reproduced, purchased, sold, transferred, or traded.
    • See the USAA Federal Savings Bank Depository Agreement and Disclosures for full account terms.
    • Offer may be changed or discontinued at any time without notice.

  2. To take full advantage of Savings Tools, you need to have a USAA Federal Savings Bank checking and savings account.

  3. Account access restrictions may apply to mobile/web access in certain countries.

  4. Message and data rates may apply.

  5. Parent/guardian must qualify for USAA's Deposit@Mobile®. Eligibility for USAA Deposit@Mobile® will be based on your account history with USAA Federal Savings Bank. Deposits may not be available for immediate withdrawal. USAA's Deposit@Mobile® and related Deposit@Home® includes innovative features that are protected by multiple patents issued by the United States Patent and Trademark Office. A listing of issued Patents, intending to serve as notice under 35 U.S.C. § 287(a), may be found at United States Patents.

  6. When you use a non-USAA Bank ATM outside of our preferred network, you may incur surcharge, usage, or other fees charged by the ATM operator or network. We refund up to $10 per monthly statement cycle in non-USAA Bank ATM surcharge or usage fees for transactions made at non-USAA Bank ATMs. 1% Foreign Transactions Fee may apply. See the Account and Service Fee Schedule for details.

Related footnotes:

  1. Use of the term "member" or "membership" refers to membership in USAA Membership Services and does not convey any legal or ownership rights in USAA. Restrictions apply and are subject to change. To join USAA, separated military personnel must have received a discharge type of Honorable or General Under Honorable Conditions. Eligible family members may also join USAA.

  2. "USAA Bank" means USAA Federal Savings Bank.

  3. Deposit products and services offered by USAA Federal Savings Bank, Member FDIC. 

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