Help your child, grandchild, niece or nephew learn about savings. The Lil’ Piper Youth Savings is a savings account for children 14 years old, or younger. Birthday cards are sent, small gifts are given for deposits and an occasional fun party is held. A minimum deposit of $5 is required and dividends are paid on the average daily balance quarterly once the balance reaches $100. When the child reaches the age of 15 the balance requirement increases to $25 and the account is converted to a primary Share/Savings Account.

How does the Lil' Piper Youth Savings Account work?

• Only $5 to open a savings account for kids
• Requires an average daily balance of $5 to maintain
• Minors must have a joint on the account over 18
• No monthly service fees
• Earns dividends on average daily balance of $100 or more
• Automatically converts to primary Share Share Savings at age 15