Navigation Menu

Youth Savings

It pays to start saving early. Young savers under 18 can start to create good saving habits and learn how to manage their finances.

No Monthly Fee

Your children can start saving with the benefit of having no Monthly Fee.

Account details

Monthly Fee

$0 Monthly Fee

Minimum balance

No minimum balance requirement

ATM withdrawal fee

  • $0 to use at more than 2,000 domestic Santander ATMs for withdrawals
  • $3 for domestic non-Santander ATM withdrawals

Age requirement

Available to individuals under 18 years of age (account requires a parent or legal guardian as a joint owner)

Account opening deposit

$10 minimum


The current interest rate and Annual Percentage Yield on the Santander Youth Savings account is 0.03%*

Statement delivery options

  • $0 for paper statements
  • $0 for paperless statements

All the ways we help you bank better

Illustration of a man sitting at his desk reviewing his finances using the Santander Mobile Banking App

Convenience in the palm of your hand

Flexibility when you need it most

Start learning about personal finance

The trust you need to bank confidently

Features to effortlessly save

Our digital features make saving for your goals as easy as possible with tools like automated transfers, Alerts, and more.

Deposit with Mobile Check Deposit
Just take a picture of your signed check while you’re on the go.

Santander Safety Net
Extra leeway goes a long way. Santander Safety Net waives overdraft fees for accounts overdrawn by $100 or less.¶¶

The financial foundation they need
Easy-to-digest guides to help your child learn the key concepts of building a strong financial foundation for the future.

Secure biometric authentication
Only you can unlock your information with Touch ID® and Face ID® for Apple and fingerprint for Android.††

Direct Deposit
Your employers may help with directly depositing a portion of your paycheck into your savings account.

Manage your account
Pay bills, send money with Zelle®**, make transfers and more, all from the Mobile Banking App.
Lower and fewer overdraft fees§§
We’ve lowered our overdraft fees from $35 to $15 and we’ve eliminated the Item Returned Fee. You won't be charged a Paid Item Fee more than 3 times per Business Day.
Personalized learning plan
Answer a few questions to receive a personalized learning plan for your child or select the topics you want them to learn about.
Digital Banking Guarantee‡‡
Shop online, in-store, or make bill payments with Santander PROTECHTION by your side.
Auto Save
Schedule recurring transfers from your Santander checking account or external account to keep your goals on track.
Control over your cards
Create or update your PIN, update contact information, and report a lost or stolen card.
No Overdraft Protection Transfer Fee§§
You won’t be charged Overdraft Protection Transfer Fees, so you can cover any overdrafts that happen before a fee gets assessed.
Wealth of information
Explore the courses together. We have financial topics for every age, like building financial capability, paying for college, and more.
Fraud protection
For digital security, our firewalls protect all your information stored in our database.
Better manage your balance and account activity with notifications through email and text.

Bank anywhere, anytime

Manage your account whenever and wherever you want with our Mobile Banking App.

Download our
Mobile Banking App

Unlock on-the-go features with our highly-rated Mobile Banking App.

Enroll in Santander
Online Banking

Manage your money securely by enrolling in Online Banking.

4.7 star rating

4.7 out of 5 Rating. Based on 320k ratings on the app store as of 4/25/2023

Responsive Image
Calendar image
Book an appointment at a branch near you
Talk to one of our experienced Bankers about opening a new account or get help with your existing accounts.
Banker at desk with client

FAQs: Savings

All savings accounts can be opened in a Santander Bank branch and the Santander® Savings account can be opened online. Santander® Money Market Savings, Santander Select® Money Market Savings, and Santander® Private Client Money Market Savings accounts can only be opened online in conjunction with an online checking account opening. Certificates of Deposit and Individual Retirement Accounts can only be opened in branch. To open an account, you will need:

  • Your Social Security number
  • A government-issued ID
  • Funds for an opening deposit
  • A valid email address

Support resources: Savings options

We’ll guide you on your financial journey.

How much could my savings be worth?

See how your deposits can contribute to greater savings over time.

Read more

Emergency savings

Are you prepared for an emergency? Discover the importance of emergency savings to your financial future.

Read more

Money market vs. savings

Learn about the differences between a money market savings account and a savings account to see which one is right for you.

Read more

Find Us
Branches across the Northeast and in Miami, Florida, plus 2,000+ ATMs.

Are you a Santander Client

Log in to Online Banking for a more seamless experience.

*0.03% Annual Percentage Yield (APY) is available when you open a Santander® Youth Savings account. This is a variable-rate account and the rate may change at any time. Rates shown are in effect as of today. Fees may reduce earnings. A minimum deposit of $10 is required to open a Santander® Youth Savings account. Personal accounts only. Contact a banker for further information about applicable fees and terms.

Check with the IRS or a tax professional. Santander does not offer tax advice.

Per service fee period.

§Domestic ATMs are ATMs in the 50 United States, the District of Columbia, and Puerto Rico. ATM owner may charge a separate fee.

**U.S. checking or savings account required to use Zelle®. Transactions between enrolled consumers typically occur in minutes and generally do not incur transaction fees. In order to send payment requests or split payment requests to a U.S. mobile number, the mobile number must already be enrolled with Zelle®. Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.

††Please refer to your Digital Banking Agreement and Personal Deposit Account Agreement for details on your responsibility for promptly reporting unauthorized transactions.

‡‡Digital Banking Guarantee: When you use Online Banking, we guarantee that your money is protected against online fraud or losses and that your bills will be paid on time. You are protected against unauthorized online transactions as long as you check your statement and promptly notify us of any unauthorized activity. Refer to your Digital Banking Agreement for details on guarantees and your responsibilities for promptly reporting unauthorized transactions, as well as a list of supported mobile devices.

§§If a transaction causes your account’s balance to be overdrawn by one hundred dollars ($100) or less, we will not assess any Insufficient– Item Paid fee(s) for that item. The amount of the Insufficient Funds – Item Paid Fee and Sustained Overdraft Fee is $15. A Sustained Overdraft Fee applies to accounts overdrawn by any amount (negative balance) for five (5) consecutive Business Days when the overdrawn balance at the end of the first day is more than $100, and is assessed to the account on the sixth (6th) Business Day. Fees may be imposed for covering overdrafts created by check, in-person withdrawal, ATM withdrawal, or other electronic means. Whether overdrafts will be paid is discretionary and we reserve the right not to pay. For example, we typically do not pay overdrafts if your account is overdrawn for an extended period of time or the overdrawn amount is excessive. Any overdrafts that we pay must be promptly repaid by you.

¶¶We limit withdrawals and transfers out of your savings and money market savings accounts. You can withdraw or transfer funds from a savings or money market savings account a total of six (6) times per Service Fee Period (such as by automatic or pre-authorized transfers using telephone, online banking, mobile banking, overdraft protection, payments to third parties, wire transfers, checks, and drafts). If you repeatedly exceed these limits, we may close or convert your account to a checking account, which may be a non-interest-bearing checking account.

Apple, the Apple logo, Apple Pay and Touch are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc., registered in the U.S. and other countries.