Youth Accounts

Help young members build healthy money habits at every stage.

Financial skills start early.

Learning to manage money is a process, and every stage brings new opportunities. Michigan First youth accounts help children and teens practice saving, spending, budgeting, and responsible account use with support from a parent or guardian.

From a child’s first savings goal to a teen’s first debit card, our youth banking options are designed to grow with young members and help prepare them for greater financial independence.

More than an account

Youth banking can create opportunities for families to talk about money in practical, age-appropriate ways.

Parents and guardians can help young members learn to:

Separate wants from needs
Set realistic savings goals
Track deposits and purchases
Understand that account balances are limited
Protect cards, passwords, and personal information
Plan before spending
Build confidence through practice

The goal is not financial perfection. It is giving children and teens a safe place to learn, make decisions, and develop habits they can carry into adulthood.

Support for every stage

For Young Savers

Start with simple conversations about where money comes from, why people save, and how small deposits can build toward a goal.

For Growing Independence

As teens begin earning and spending more, help them create a basic budget, check balances regularly, use account alerts, and save part of every deposit.

For What Comes Next

Before turning 18, teens can begin preparing for adult banking by learning about direct deposit, credit, fraud prevention, financial aid, and managing recurring expenses.

List

MoneyKids Savings

Best if you are looking for: A first savings account for a young child.

Rates as high as

0.10% ^APY

Help children age 12 and younger start saving, set goals, and build healthy money habits.

Explore MoneyKids Savings

MoneyTeens Checking

Best if you are looking for: A checking account that supports growing financial independence.

Rates as high as

0.25% ^APY

Give teens ages 13-17 practical experience managing spending, saving, and debit-card use.

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Overview

MoneyKids Savings

Explore MoneyKids Savings

MoneyTeens Checking

Explore MoneyTeens Checking

Helping children start saving and build early money habits

Helping teens practice everyday money management

12 and younger

13–17

Savings account

Checking account

Saving and goal-setting

Spending, budgeting, and tracking transactions

Financial education for young members

Accounts provide real-world practice, while financial education helps explain the ideas behind each decision. Explore learning resources that make saving, spending, credit, and everyday money management easier to understand.

Explore Financial Education

Grow their money skills with Finley

Explore an interactive way for kids to practice saving, spending, and building healthy financial habits with support from their family.

Learn About Finley