First Step Savings

Give kids a head start with good savings habits.

The safest way to save

Establish good financial habits through a savings account

View our Savings Rates

A savings account for youth 0 - 17 years of age

Good money management starts with a strong first step. At Financial Partners, it's the First Step Savings account, which gives your young child or teenager an account to stash allowance money and gifts. They'll learn the importance of saving for the future and how to manage an account. It's a great set of tools as they begin their journeys. 

Benefits of First Step Savings

  • Parents (and Grandparents) can link their Financial Partners checking account to a First Step Savings account and set up automatic transfers to get kids started 
  • Earn 5.00% APY* on a balance up to $1,000**
  • Open with a $5 minimum deposit
  • No monthly service fee
  • Show them how to manage their money using Financial Partners Mobile App 
  • Use special tools in Digital Banking to set savings goals 
  • Request an ATM card for deposits and withdrawals (must be requested by parent or guardian)

*APY = Annual Percentage Yield.

**5.00% APY rate applies to account balance $1,000 and below. For balances above $1,000 the standard account rate applies.

Rates are subject to change without notice.