Savings Accounts
Highest Youth Savings Account Rates
The highest youth savings rate on Banksparency is 10.00% APY, advertised by Maspeth Federal Savings and Loan Association on its Youth Savings. The 10.00% applies to balances up to $6,000. A larger balance earns 0.50% on the whole amount. This page tracks 231 active youth savings accounts from 217 banks.
By Aviel Fahl
|Youth Savings Account Rate Summary
217 banks tracked in this category.
The mean of all tracked youth savings account APYs is 0.78%. The FDIC national average for savings accounts is 0.37% as of Sep 2026. The effective federal funds rate is 3.88% as of Oct 1, 2026.
Market Snapshot
Top 10 Range
4.06%–10.00% APY
Average APY
0.78% APY
The mean of all tracked youth savings accounts
FDIC National Average
0.37%
savings accounts, cap 4.38% · Sep 2026
Fed funds rate
3.88%
As of Oct 1, 2026
What a higher rate is worth
A year at the FDIC national average returns about $37 in interest on a $10,000 balance. The highest youth savings accounts we track advertise 4.06%–10.00% APY (top rate: up to $6,000 only).
The neighbouring rankings, if this is not the account you want:
Latest Rate Changes
Review every rate change captured for the selected timeframe.
Effective Federal Funds Rate
Policy rate benchmark
- Poppy Bank
Poppy Blooms Youth Savings Account
4.00% APY+0.25 percentage points - Foresight Bank
Youth Savings
2.83% APY+0.15 percentage points
Highest Youth Savings Account Rates Right Now
Ordered by highest APY. The top 50 of 231 products tracked.
Maspeth Federal Savings and Loan Association leads at 10.00% APY (up to $6,000 only) on its Youth Savings. The tenth-ranked youth savings rate is 4.06%, so the top ten span 5.94 points. The FDIC national average is 0.37%.
Maspeth Federal Savings and Loan Association
Youth Savings
up to $6,000 only
Peoples Bank
Youth Savings
first $1,000 only
The Torrington Savings Bank
First Time Savers
up to $1,000 only
| Institution | Product / Term | APY | Sponsored link |
|---|---|---|---|
| Maspeth Federal Savings and Loan Association | Youth Savingsup to $6,000 only | Up to10.00% | |
| Peoples Bank | Youth Savingsfirst $1,000 only | Up to5.50% | |
| The Torrington Savings Bank | First Time Saversup to $1,000 only | Up to5.12% | |
| Union Savings Bank | GoalGetter Savings (with GoalGetter Checking)up to $2,000 only · checking account required | Up to5.12% | |
| Farmers & Merchants State Bank | Custodial Savingsup to $500 only | Up to5.00% | |
| Farmers & Merchants State Bank | Youth Savingsup to $500 only | Up to5.00% | |
| Pathway Bank | Pathfinder Savingsup to $5,000 only | Up to4.75% | |
| Pathway Bank | Penny Pals Savingsup to $2,000 only | Up to4.75% | |
| Ultima Bank Minnesota | SMART Savings | 4.58% | |
| Diamond Bank | Bling! Kids Savingsup to $5,000 only | Up to4.06% | |
| First Bank | Kids Cash Savingsup to $500 only | Up to4.00% | |
| Poppy Bank | Poppy Blooms Youth Savings Account | 4.00% | |
| Waterman Bank | Kids Savings | 3.82% | |
| First State Bank | Vision Savings | 3.80% | |
| Climate First Bank | Youth Savings | 3.56% | |
| Piscataqua Savings Bank | Kids' Bank Savings Accountup to $4,999.99 only | Up to3.56% | |
| The Bank of Commerce | $mart Cents Savingsup to $5,000 only | Up to3.50% | |
| Citizens Bank Minnesota | WooHoo! Uup to $4,999.99 only · requires direct deposit | Up to3.04% | |
| Farmers Bank & Trust Company | MyStart Savingsup to $5,000 only | Up to3.00% | |
| First National Bank of Steeleville | My SumDay Savingsup to $1,000 only | Up to3.00% | |
| First National Community Bank | Minor Savingsup to $1,000 only | Up to3.00% | |
| Monroe Savings Bank | Kids Saverup to $5,000 only | Up to3.00% | |
| Foresight Bank | Youth Savingsbalances of $10,000 to $19,999.99 only | 2.83% | |
| Capital One | Kids Savings Account | 2.50% | |
| Yampa Valley Bank | Minor Savings | 2.50% | |
| Big Horn Federal Savings Bank | RAMSave Crayons to College Passbook | 2.38% | |
| Blackhawk Bank & Trust | Youth Savings Accountup to $5,000 only | Up to2.25% | |
| Iowa State Bank and Trust Company of Fairfield, Iowa | Imagine Kids Savingsup to $5,000 only | Up to2.02% | |
| Minnwest Bank | Youth Savingsup to $5,000 only | Up to2.02% | |
| Neighborhood National Bank | Money Minders Savings | 2.02% | |
| First FarmBank | Explorer Savings | 2.00% | |
| Mount Vernon Bank and Trust Company | Tap Accountup to $25,000 only | 2.00% | |
| Earlham Savings Bank | Age 12 & Under Savings | 1.85% | |
| United Bank | Kids Club | 1.48% | |
| Security Bank & Trust Company | Super Kids Savingsneeds at least $1,000,000 | Up to1.38% | |
| First Nebraska Bank | Little Sprout Savings Account | 1.31% | |
| American State Bank & Trust Company of Williston | Youth Savingsneeds at least $50,000 | Up to1.26% | |
| Texas Heritage National Bank | Lil' Buckaroo | 1.26% | |
| Saco & Biddeford Savings Institution | Kids' Savingsup to $5,000.99 only | Up to1.20% | |
| Collinsville Building and Loan Association | Jr. Saver's Clubup to $2,500 only | Up to1.01% | |
| First Bank & Trust Company | Diapers to Diplomas | 1.01% | |
| Citizens Bank & Trust Company | Lil Savers Account | 1.00% | |
| First Bank | Grow With Me Savings | 1.00% | |
| First FSB of Mascoutah | A+ Savings | 1.00% | |
| Florence Bank | NextGen Savingsup to $500 only | Up to1.00% | |
| Fowler State Bank | Freedom Savingsneeds at least $1,000,000 | Up to1.00% | |
| Goldwater Bank, N.A. | Youth Savings | 1.00% | |
| Kendall Bank | Youth Savings | 1.00% | |
| Ladysmith Federal Savings and Loan Association | Junior Savers | 1.00% | |
| MountainOne Bank | Youth Savings | 1.00% |
Youth Savings Account rate questions
What is the highest youth savings rate right now?
Maspeth Federal Savings and Loan Association advertises 10.00% APY (up to $6,000 only) on its Youth Savings, the highest of 231 active youth savings accounts tracked on Banksparency.
What is the average youth savings rate?
The mean of all 231 tracked youth savings account APYs is 0.78%. It is a plain mean across every tracked product.
How do the top youth savings rates compare with the FDIC national average?
The ten highest advertised rates run from 4.06% to 10.00% APY (top rate: up to $6,000 only), against an FDIC national average of 0.37%. The FDIC national rate cap for savings accounts is 4.38%.
When were these youth savings rates last observed?
The newest reading on this page is from Monday, October 5, 2026. Banksparency reads each institution's advertised rate on that institution's own website, and it records the date of each reading. Some rates on this page carry an earlier date. A rate can change at any time, so confirm it with the institution before you open an account.