We believe in the power of our youth and their capacity to shape a brighter financial future. That’s why we have made it our mission to foster their growth and empower them to become the next generation of financial leaders. Student Accounts are thoughtfully designed for teenagers 13 to 17 years of age, to give them the essential tools and knowledge they need to help them build healthy financial habits that will carry them into adulthood.
Kaiperm Student Saving Account
(age 13-17) comes with:
- Kaiperm drawstring backpack
- Higher dividend rate
- No maintenance fees
- FREE online financial fitness courses
Reward Your Teen’s Financial Growth
Complete a course at Balance Financial Education for Teens & College Students, and we’ll add a $25 reward to their Student savings account. Fill out the linked form with child’s details, parent/guardian’s name, phone number, and certificate of completion. Encourage their educational journey today.
Pup Savings and Student Savings Accounts must be fully funded with the minimum initial $25 Deposit. $25 to be deposited to Pup Savings or Student Savings account within 30 days of form submission. Limit one $25 per Youth Account.
Rate Effective Date: September 1, 2023
Kaiperm Student Account
|Age qualification||13-17 years old1, 2|
|Included Savings Account5||0.5% APY4 on the first $10,0003 Minimum Opening Deposit $25|
|High-Yield Certificate Account5||12-month Student Certificate earns 7.00% APY, with unlimited add-ons up to $1,000 maximum balance|
|Youth Checking Account5||Available. |
Daily Limits and alerts can also be setup.
|Visa® Debit Card||Free and accepted at over 23 million locations worldwide|
|Account ownership||Minor and Joint Owner share controls|
|Minimum opening deposit||$25|
|Federally insured by the|
Contributions: $ | Earnings: $
1, 2 Account will convert to a regular Kaiperm account on 18th birthday
3 Calculated based on average daily balance. Earn 0.5% APY balances up to $10,000 and 0.10% on all other balances
4 APY = Annual Percentage Yield.
5 Limit 1 per minor social security number.
*Based on monthly deposit of $40 on the first of each month and example of calculation based on 5.00% APY for 12 months, compounded monthly.
Dividends are paid monthly based on average daily balance.
Our online services are not intended for the use of children under the age of 13. We do not knowingly collect or retain any personal information from individuals under the age of 13 online. To learn more about the Children’s Online Privacy Protection Act (COPPA) please visit the Federal Trade Commission’s Website at https://www.ftc.gov/