Youth Account

A bank account for young people, with features to help them learn about money management and saving.

More Details

A youth account is a type of bank account that is specifically designed for young people, often with lower minimum balance requirements and special features that are geared towards helping young people learn about money management and saving.

Example

Sam is a teenager and wants to start saving. Her parents help her open a youth account. The account has a low minimum balance requirement, and offers higher dividend returns on her savings when compared to a regular savings account. The account also comes with an online tool that helps her track spending and set savings goals. This allows her to start building good financial habits and saving for her future.

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