Regular Savings for Children

My Utah is riding the train with my kids and
ensuring their financial future is on the right track.

When it comes to teaching children to manage money, the earlier
the better. Bank of Utah’s Regular Savings for Children account is a
great way to help kids under 18 develop meaningful financial habits
and save for the future.

Involve them in setting goals, calculating interest and using technology
to track their savings, without worrying about monthly balance requirements.

This account can only be opened in our branches. A parent or legal guardian
is required as an account co-owner.

Get started by visiting one of our Bank of Utah locations.


Find a Branch     Know What to Bring

Benefits

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Start Simply

With just $10 to open the account and no monthly balance requirements

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Earn Interest

With any balance of $1 or more (view rates)

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Learn to Bank Digitally

With access to online banking and the Bank of Utah mobile app

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Watch Your Money Grow

With My Money Hub, which can help your child visualize their account and savings trends, and learn to manage their money

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Make Deposits

With a visit to any Bank of Utah location or by linking the child's account to the co-owner's account, then using our mobile deposit feature

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Contribute With Ease

With recurring transfers you can set up from your account to your child's, to pay an allowance or match their savings contributions

Features

  • Open your account with as little as $10.
  • Make as many deposits per month as you'd like.
  • Make up to 6, fee-free withdrawals from the account per month.
  • An activity fee of $1.00 will be charged for each withdrawal you make in excess of 6 during a month. This fee will not apply if the daily balance is greater than $999.99.
  • Sign up for eStatements to have your statements easily accessible within Online Banking.
  • This account automatically transitions to a Regular Savings account when the child turns 18, at which time a daily balance of $200 is required (if a Regular Savings account falls below $200, a $3 monthly maintenance fee will be charged).

Want to open a Regular Savings for Children account at Bank of Utah?

Visit any Bank of Utah branch, and make sure you bring everything you need to get started.

Find a Branch     Know What to Bring

Interested in a different type of savings account?

See Other Options