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Kids' Savings Account

Kids' Stanford Savers Account

Help your child learn the importance of managing money and saving for a rainy day. Our Kids’ Stanford Savers Account has a low $1.00 opening deposit and no monthly fee. A parent or guardian is required as a joint account owner.

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Membership Application
Set Appointment

Free for children under age 13

Features

  • Minimum $1.00 deposit to open the account ($50 minimum balance to earn dividends at a variable rate)
  • No monthly fee (an inactivity fee will be charged if there are no transactions in 12 consecutive months)
  • Access funds through Online or Mobile Banking
  • Set up payroll deductions or direct deposit to build your child’s savings faster
  • Deposits are federally insured by the NCUA to at least $250,000 (Individual Retirement Accounts up to an additional $250,000)

Open Account

Accounts for minors require a parent or guardian co-signer, and must be opened at a Stanford FCU branch, or the signed application must be sent by mail to P.O. Box 10690, Palo Alto, CA 94303-0843.

Learn more about Stanford FCU’s commitment to protecting the online privacy of children.

Coverdell Education Savings Account (ESA)

 

Funded with post-tax income*
Maximum annual contribution is $2,000 per student
Contributions can be made up to a child's 18th birthday
Can be used for elementary, secondary, or higher education
Assets can be transferred to another education savings account for a qualified family member
Non-qualified withdrawals are subject to federal income tax as well as a penalty tax

 

young child in astronaut helmet standing next to chalkboard with rocket ship and earth drawings

Kids' Stanford Savers Account Rates

Scroll Right for More Data

Account Description Dividend Rate Annual Percentage (APY)
Kids' Stanford Savers Account 0.10% 0.10%
Coverdell Education Savings Account (ESA) 0.10% 0.10%

Effective 1/10/2022

View All Deposit Rates

Savings Education

Learn the financial basics about savings accounts with our Online Learning Modules.

Learn More

*Consult a tax advisor. Dividends are compounded and paid monthly. Membership eligibility is required.