Youth Banking Accounts

Earn up to 10 times the national average1 on your money to start your banking journey!

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NextGen Saver*

Designed for 13 to 24 year old’s to save smarter without the worry of fees.

  • $1.00 minimum to open account
  • No monthly minimum balance required
  • Interest Rate – 4.00% APY**on first $10,000
  • Interest Rate – 1.00% APY** on above $10,000 or more

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NextGen Spend*

Designed for 13 to 24 year old’s spend smarter without the worry of fees.

  • Free Monroe Savings MasterCard Debit Card
  • Parental Controls on joint accounts (Cardhub) 
  • No minimum balance requirement
  • Overdraft Fee Protection

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KidsSaver

Helping kids (12 and under) build a foundation to save smarter by starting their financial journey without the worry of fees and greater rewards.

  • $1.00 minimum to open account
  • No monthly minimum balance required
  • Interest Rate – 3.00% APY** on first $5,000
  • Interest Rate – 0.50% APY** on above $5,000 or more
  • Limit one KidsSaver account per customer

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Monroe Savings Bank is proud to partner with “Dollar Dragon” Want to have some fun? Visit the website where there are games and activities. It will tell you how money was invented, and you can also learn all about checks, savings accounts, and ATMs. Oh yes, and one more thing. If you want to SAVE some money, open a Monroe Savings Bank Kids Saver account.

Kids Corner

1 Source for average bank savings yield of 0.38% APY: FDIC National Rates and Rate Caps as of June 30, 2025.
*   In order to enjoy the benefits of NextGen, both Spend and Saver accounts are required. Limit one NextGen Saver account per customer.
**  Annual Percentage Yield. Variable rate accounts. Fees may reduce earnings.

Routing Number: 231271527

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