Highest Youth Savings Account Rates in New York
10 New York-specific products
The New York market
New York accounts
10
Institutions
9
Top New York APY
10.00% APY
Nationally: 3.56% APY
FDIC national average
0.37%
As of Sep 2026
10 youth savings accounts are open only to New York residents, from 9 institutions. The highest advertised APY among them is 10.00%.
The highest nationally available rate is 3.56% APY, 644 basis points below the New York leader.
2 of the 10 New York youth savings accounts advertise more than the FDIC national average of 0.37% for savings accounts as of Sep 2026.
New York-Specific Youth Savings Accounts
Youth Savings accounts specifically available to New York residents.
| # | Institution & Rate | Earned in a year at $10,000 | Requirements & Features | Minimum Deposit | Actions |
|---|---|---|---|---|---|
| #1 | Maspeth Federal Savings and Loan Association Youth Savings Up to10.00%APY On balances up to $6,000 · 0.50% above Observed: Oct 13, 2026 Show Details | +$50per yearEffective: 0.50% | Deposit Insurance FDIC InsuredFeatures Low MinimumsIn-Person Access | $1 | |
| #2 | Maspeth Federal Savings and Loan Association Young Savers Club 0.50%APY Min. balance: $1 Observed: Oct 13, 2026 Show Details | +$50per year | We could not confirm: minimum deposit. Deposit Insurance FDIC InsuredFeatures Low MinimumsIn-Person Access | N/A | |
| #3 | Show Details | +$25per year | Deposit Insurance FDIC InsuredFeatures Low MinimumsIn-Person Access | $1 | |
| #4 | Show Details | +$15per year | Deposit Insurance FDIC InsuredFeatures Low MinimumsIn-Person Access | $5 | |
| #5 | Wallkill Valley Federal Savings and Loan Association Youth Savings 0.12%APY Min. balance: $1 Observed: Oct 7, 2026 Show Details | +$12per year | Deposit Insurance FDIC InsuredFeatures Low MinimumsIn-Person Access | $1 | |
| #6 | Show Details | +$10per year | Deposit Insurance FDIC InsuredFeatures Low MinimumsIn-Person Access | $5 | |
| #7 | Champlain National Bank Champlain Birthday Savings Club 0.05%APY No min. balance for APY Observed: Oct 7, 2026 Show Details | +$5per year | Deposit Insurance FDIC InsuredFeatures Low MinimumsIn-Person Access | $5 | |
| #8 | Show Details | +$5per year | Deposit Insurance FDIC InsuredFeatures No MinimumsIn-Person Access | $0 | |
| #9 | The North Country Savings Bank Startastic Savings Account 0.05%APY Min. balance: $50 Observed: Oct 13, 2026 Show Details | +$5per year | Deposit Insurance FDIC InsuredFeatures Low MinimumsIn-Person Access | $5 | |
| #10 | Arrow Bank National Association Adirondack Children's Savings 0.01%APY Min. balance: $1 Observed: Oct 7, 2026 Show Details | +$1per year | Deposit Insurance FDIC InsuredFeatures Low MinimumsIn-Person Access | $10 |
Maspeth Federal Savings and Loan Association
Youth Savings
On balances up to $6,000 · 0.50% above
What to Watch
The stated APY applies to balances up to $6,000. The portion of the balance above $6,000 earns a lower rate. The top rate is limited to one Youth Savings account per child. The account is held jointly by the child and a parent, and it converts to a Statement Savings account when the child turns 18.
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| Min. Deposit | $1 |
| Min. Balance | N/A |
| Maintenance Fee | $0 |
| Compound Freq | N/A |
| Direct Deposit | Not required |
| Deposit Insurance | FDIC Insured(Cert: 30303) |
| Eligibility | United States |
| Mobile Ratings | |
| BBB Rating |
Rate Stability
No movement is shown for an “Up to” rate.
Direct Link to Product Page (Not Sponsored)
Maspeth Federal Savings and Loan Association
Young Savers Club
We could not confirm: minimum deposit.
Show Fine Print & Trends Hide Details
| Min. Deposit | N/A |
| Min. Balance | $1 |
| Maintenance Fee | $0 |
| Compound Freq | N/A |
| Direct Deposit | Not required |
| Deposit Insurance | FDIC Insured(Cert: 30303) |
| Eligibility | United States |
| Mobile Ratings | |
| BBB Rating |
Rate Stability
Direct Link to Product Page (Not Sponsored)
Cross County Savings Bank
Stepping Stone Savings
What to Watch
Preauthorized, automatic, and computer transfers from this account to another account or to a third party are not permitted.
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| Min. Deposit | $1 |
| Min. Balance | $1 |
| Maintenance Fee | $0 |
| Compound Freq | N/A |
| Direct Deposit | Not required |
| Deposit Insurance | FDIC Insured(Cert: 30260) |
| Eligibility | United States |
| Mobile Ratings | |
| BBB Rating |
Rate Stability
Pathfinder Bank
Young Investor's Club
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| Min. Deposit | $5 |
| Min. Balance | $5 |
| Maintenance Fee | $0 |
| Compound Freq | N/A |
| Direct Deposit | Not required |
| Deposit Insurance | FDIC Insured(Cert: 57497) |
| Eligibility | For minors up to 18 years old. An adult can open the account for a newborn. |
| Mobile Ratings | |
| BBB Rating |
Rate Stability
Wallkill Valley Federal Savings and Loan Association
Youth Savings
What to Watch
The bank credits a birthday bonus each year until the account holder turns 18. At 18 the account is converted to a Statement Savings account.
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| Min. Deposit | $1 |
| Min. Balance | $1 |
| Maintenance Fee | $0 |
| Compound Freq | N/A |
| Direct Deposit | Not required |
| Deposit Insurance | FDIC Insured(Cert: 28870) |
| Eligibility | United States |
| Mobile Ratings | |
| BBB Rating |
Rate Stability
Direct Link to Product Page (Not Sponsored)
Ulster Savings Bank
Minor Savings
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| Min. Deposit | $5 |
| Min. Balance | $5 |
| Maintenance Fee | $0 |
| Compound Freq | N/A |
| Direct Deposit | Not required |
| Deposit Insurance | FDIC Insured(Cert: 15970) |
| Eligibility | United States |
| Mobile Ratings | |
| BBB Rating |
Rate Stability
Champlain National Bank
Champlain Birthday Savings Club
What to Watch
On each birthday the bank deposits $1 for each year of the child's age, up to age 12. The account holder must visit a branch within 30 days of the birthday to request the deposit.
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| Min. Deposit | $5 |
| Min. Balance | $0 |
| Maintenance Fee | $0 |
| Compound Freq | N/A |
| Direct Deposit | Not required |
| Deposit Insurance | FDIC Insured(Cert: 7356) |
| Eligibility | United States |
| Mobile Ratings | |
| BBB Rating |
Rate Stability
The First National Bank of Groton
Youth Savings
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| Min. Deposit | $0 |
| Min. Balance | $0 |
| Maintenance Fee | $0 |
| Compound Freq | daily |
| Direct Deposit | Not required |
| Deposit Insurance | FDIC Insured(Cert: 7085) |
| Eligibility | United States |
| Mobile Ratings | |
| BBB Rating |
Rate Stability
The North Country Savings Bank
Startastic Savings Account
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| Min. Deposit | $5 |
| Min. Balance | $50 |
| Maintenance Fee | $0 |
| Compound Freq | daily |
| Direct Deposit | Not required |
| Deposit Insurance | FDIC Insured(Cert: 16030) |
| Eligibility | United States |
| Mobile Ratings | |
| BBB Rating |
Rate Stability
Arrow Bank National Association
Adirondack Children's Savings
What to Watch
The account is reclassified to Hometown Savings when the child turns 18.
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| Min. Deposit | $10 |
| Min. Balance | $1 |
| Maintenance Fee | $0 |
| Compound Freq | Daily |
| Direct Deposit | Not required |
| Deposit Insurance | FDIC Insured(Cert: 7074) |
| Eligibility | United States |
| Mobile Ratings | |
| BBB Rating |
Rate Stability
Nationally Available Youth Savings Accounts
The 4 highest-rate youth savings accounts available nationwide, including in New York.
| Institution | Product / Term | APY |
|---|---|---|
| Climate First Bank | Youth Savings | 3.56% |
| Capital One | Kids Savings Account | 2.50% |
| Axos Bank | First Savings | 0.25% |
| Carver Bank | Youth Savings | 0.10% |