Kids Savings

Take their first step together with an account that’s all fun, no fees.
Savings rate

A high Annual Percentage Yield (APY) to help their money grow

No fees
No worries

No monthly or maintenance fees, so their money stays where it belongs

No minimum

There’s no minimum balance to open, keep and use the account


High interest

A NaN APY that’ll keep their savings growing even faster.

No fees or minimum

Kids Savings Accounts are fee-free and don’t require a minimum balance.

Automatic savings

Send their allowance on schedule and make regular deposits.

Linked accounts

Link your bank account (Capital One or another bank) to your child’s bank account.

Multiple accounts

Create multiple Kids Savings Accounts for each of your child’s financial goals.

A top-rated mobile app

The Capital One Mobile app can help them manage money online anytime—almost anywhere.


Start their savings with a rate that makes the grade.

Account Balance Annual Percentage Yield (APY)
Any Balance NaN


APYs are variable and effective as of 11/30/2023.


A great rate and a safe way for kids to learn about savings

With a Kids Savings Account, you can help make their allowance go further with a great savings rate. Plus, your child’s balances are FDIC-insured up to the allowable limits.


Transfer from your account to theirs

Move money from any linked account—either Capital One or another bank.

What customers are saying

“I not only opened an account for me, I also opened an account for two kids. Easy to transfer money with scheduling features.”

Tracy B., Redondo Beach, CA

“I love that relatives can send a check to my children in their names and all I have to do is use the app on my [phone] to make the deposit.”

Robin B., North Hollywood, CA


Find a Capital One Café or bank branch near you.

Personal finance should be, well, personal. That’s why we invite you to stop by and talk about your banking needs. Locate a Capital One Café or bank branch nearest you.


It’s never too early to open a Kids Savings Account for your child. Start saving when they’re a baby and watch their money grow as they do. A Kids Savings Account is owned by one child under 18 years old and one adult. If the child is under the age of 12, then the adult must be the child’s parent or legal guardian.

To open a Kids Savings Account for a child, have these things ready:

  • For you—name, date of birth, mailing address, email address, phone number, employment information, annual income, Social Security number, citizenship information
  • For your child—name, date of birth, birth certificate, mailing address, Social Security number

You’ll also need to agree to the terms and conditions. Based on varied factors, you may be denied for a Kids Savings account. Upon approval, you’ll have 60 days to fund your account.

Opening a Kids Savings Account is a great way for grandparents to help grandchildren with future expenses and teach them the value of saving. A grandparent can open a Kids Savings Account if the child is at least 12 years old. If the child is under the age of 12, the child’s parent or legal guardian must be the adult to open the account.

Children’s savings accounts offer dual access so you can learn to save together. Kids can sign in and check their balance online 24/7, but transferring money requires a little help from the adult on the account. You’ll have to sign in using your username and password to actually move money in or out of their savings.