Kids Savings Accounts

Opening a savings account for kids is a great way to help them learn the value of saving money—and the benefits of compound interest. You're never too young to learn the benefits of saving! 

Account Highlights:

The Children's Online Privacy Protection Act ("COPPA") requires parents and guardians to have increased control over what information is collected and used from their children who are 13 and under while on the Internet. The Act applies to websites and online services that are directed to children under 13 and knowingly collect children’s personal identifiable information. The TowneBank website and online services are not directed to children under the age of 13, nor is information knowingly collected from them. TowneBank strongly recommends that parents and guardians enter their own child’s personal identifiable on this website. For additional information about the Children’s Online Privacy Protection Act (COPPA), please visit the Federal Trade Commission website at www.ftc.gov.

Your mobile carrier's web access and text messaging charges may apply. Availability may be affected by your mobile carrier's coverage area.

Transaction limitations apply to savings and money market accounts. The first six (6) monthly external transactions are included and a $10.00 fee applies for each additional external transaction. External transactions are transfers from a savings or money market account to third parties by check, through point-of sale purchase transactions or similar debit card transactions, by pre-authorized or automatic agreements through an automated clearing house (ACH), wires, telephone, online or similar order payable to a third person, or ATM withdrawals. Exceptions apply for bank-initiated transactions and transactions required for legal reason.