Details.
Open a fee-free bank account and a high-yield savings account for teens ages 13-17. Earn 5.00% APY on savings balances from $1.01 to $10,000, pay no monthly maintenance fees, get a fee-free Visa Debit Card, and pay $0 ATM fees worldwide. The SmartStart Savings account is available to minors and young adults ages 6 through 25. The SmartStart Banking account requires a $100 minimum deposit to open, and minors ages 13 through 17 must have a parent or guardian as a joint accountholder.