Great rates, low fees. Lessons that last a lifetime.
Give these kids some hands-on experience with managing money.
Under your watchful eye, of course. Set up text alerts to monitor account activity in their Star One checking or savings accounts.
Young family members earn 3.45%APY[1] on their savings accounts—just like the adults.
No minimum age requirement.
Star One Minor Account
Real money. Real decisions. Real parental supervision.
- Kids and teens practice money management and watch interest being earned
- Online and Mobile Banking available
- Ages 13+ can add a free checking account and Visa debit card
- A parent or legal guardian must be a joint owner on the account
- Initiate one-time or recurring transfers to minors' accounts
Star One Transfer to Minors Account
Put away money over time. Hand it over when they’re ready.
- Gift account with no minor access
- Parents, family members, or friends can contribute
- The minor takes possession of the account upon reaching legal age (18 in California)
- Initiate one-time or recurring transfers into the account
- College savings accounts also available
Youth Accounts are for minors under 18.
Aged up? Check out Student Accounts.
FAQ: Minor Account
A Minor Account can only be opened for a minor under the age of 18.
The account is like any account at Star One except that a parent or legal guardian must be a joint owner on the account.
The minor and adult joint owner both control the account. An adult signature is not required on transactions performed by the minor, and vice versa.
FAQ: Transfer to Minors Account
A Transfer to Minors Account can only be opened for a minor under the age of 18.
The custodian controls the account until the minor is of adult age—eighteen (18) years of age in California.
The custodian can withdraw funds from the account, but only for the minor's benefit—a checking account may be opened in addition to a savings account.
If audited, the custodian is solely responsible for explaining withdrawals to the Internal Revenue Service.
Dividends earned are reported under the minor's social security number.