I Love Saving Club for Kids and Teens
Your child’s financial education
starts here.
It’s never too early to begin teaching kids to save, which will set them up to accomplish future financial goals. A parent-monitored savings account can introduce them to banking and encourage them to save towards a goal, whether big or small. At Bank of New Hampshire, we’re committed to helping New Hampshire families build strong financial futures.
With a bank account for minors from BNH, kids and teens can start saving with no minimum balance requirement, online and mobile banking for minors, plus an account opening gift!
New Hampshire’s Best Youth Savings Accounts
Opening an official savings account transitions kids from physical piggy bank savings to real-world money management.
One of the reasons Bank of New Hampshire’s I Love Saving Club is the best saving account for minors in the local community is that the account will grow with them. Parents can enroll children under 13 and watch them earn interest on savings with online banking instead of collecting coins in a piggy bank. Once your child becomes a teenager, they’re eligible for more options with their account, including Mobile Banking and a debit card for teens with BeMobile Deposit.1
Another benefit of starting a saving account for minors with BNH is banking locally with people who understand the needs of New Hampshire families. We’re passionate about taking care of our customers and each other, especially the next generation. We’re here to make you feel welcome, appreciated and educated about your finances.
I Love Saving Club for Kids
BNH understands the importance of teaching children the value of saving. Our I Love Savings Club for Kids is a great way to introduce banking and encourage saving toward future goals.
This account is designed for children up to age 13 and requires a joint account with a parent or guardian.
Join our I Love Saving Club for Kids and receive these benefits:
- No minimum balance needed to earn interest
- Piggy bank and $5 deposited at account opening1
- Birthday card
- Online Banking (ages 8-12)
I Love Saving Club for Teens
BNH is committed to helping teens prepare for their future with bank accounts for 15-year-olds getting ready for their first job or for 17-year-olds preparing for college. Teens ages 13 to 17 are eligible for I Love Saving Club for Teens. A parent or guardian still needs to be on the account.
Join our I Love Saving Club for Teens and receive these benefits:
- No minimum balance required to earn interest
- Account opening gift
- $5 deposited at account opening1
- Online and Mobile Banking2,3
- Debit Card4 and BeMobile Deposit1
Frequently Asked Questions
What is a youth savings account?
A youth savings account allows children under 18 to put their piggy bank coins, allowance, or compensation from first jobs into a secure account that earns interest over time.
These accounts require a parent or guardian to open. Bank of New Hampshire offers two youth savings accounts: one for kids from birth through age 12 and one for teens age 13 through 17.
How do I open a youth savings account?
At BNH, you can open a kids or teens account online or by visiting a branch and bringing your government-issued ID, your child’s birth certificate and your child’s Social Security card.
What are the benefits of youth savings accounts?
As a bank with accounts for minors, Bank of New Hampshire offers savings accounts that teach financial literacy for youth. Having a savings account joined with a parent account can help children learn about the value of saving for the things they want and need, how interest works and how to gain financial independence as they age.
1BNH will deposit $5 at account opening into new accounts only; converted accounts are not eligible. Bonuses awarded will be reported to the IRS on 1099-INT. There is no minimum balance to maintain to earn interest. .01% APY effective as of August 3, 2026.
2This account is for young adults age 13 through 17 and requires a parent or guardian to be on the account and enroll in Online and Mobile Banking.
3 Third party web access, data and message rates may apply from your wireless provider.
4 POS restrictions may apply.