Give the Gift of Savings

Did your little ones receive money for the holidays? Now is the perfect time to teach them about the importance of financial stability and savings! Help them get started on the right foot by opening a Youth Account or Teen Savings Account.

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Mother and Daughter On Computer

Dollars & Sense: How to teach your kids about spending, saving & sharing money

Experts recommend starting with the basics when your child is a preschooler and continuing to introduce more complex concepts as they progress through grade school, their teen years and young adulthood.

No matter how old your kids are, put them on the path to good money habits. Our free Money Talks Guide for Parents and Grandparents outlines conversation topics and practical ideas for teaching children about money from ages 3 through 20.

Smart Guide: Money Talks Guide for Parents & Grandparents
Money Talks guide cover photo
Smart Guide

Money Talks Guide

Inside the Guide

Learn how to teach your kids about saving, spending and sharing money.

  • Get financial topics categorized by age range
  • Includes action ideas for practical ways to talk with your kids about money.

 

Holiday Piggy Bank

Give the Gift of Savings today!

We're with your for every money milestone with accounts designed to grow as your kids do. Schedule an appointment to visit any of our branch locations to get started.

Our Youth Savings Account is the perfect way to start teaching your child (ages 12 and under) about money. Easily transfer funds between accounts and monitor balances with mobile banking and online banking. Is your child older? Check out our Teen Savings Account (ages 13-17).

Get Started
No Opening Deposit Requirement

No deposit is required to open a Youth Savings Account! Show your child how to start at $0 and save for future success.

No Monthly Service Fee

With no monthly service fee, all of your child's money stays directly in their account.

Free Coin Counting Machines

Turn extra coins into additional savings with free Coinstar transactions at most branch locations.

Free Identity Protection

Protecting your identity is important no matter your age. ID ProtectTM is included with your membership.

Kids Savings Account Rate (ages 12 & under)

Our competitive Kids Savings Account rate is the perfect way to teach your children about compound interest.
Account Name
Minimum to
Earn APY*
Dividend
Rate
APY*
Account Name
Youth Savings
Minimum to
Earn APY*
$25
Dividend
Rate
0.20%
APY*
0.20%
Effective May 1, 2024

*APY – Annual Percentage Yield. Rates are variable and may change after account is opened. Fees may reduce earnings. No minimum opening deposit is required.

*APY – Annual Percentage Yield. Rates are variable and may change after account is opened. Fees may reduce earnings. No minimum opening deposit is required.

Open Your Youth Savings Account:

What You Need to Open a Youth Account

Mother and Daughter On Tablet

  1. Must Have Joint Owner Present

    A parent/guardian/adult relative must be present at the account opening.

  2. Social Security or Tax ID card

    You must bring a Social Security or tax ID number for both the child and joint owner.

  3. Identification

    You must bring your school ID or government-issued ID.

Get Started
teenage girl on mobile device looking at her savings account

The Best Teen Banking Account for Saving!

Arizona Financial's Teen Savings Account is the perfect tool to encourage your teen (ages 13 - 17) to save. Easily transfer funds between accounts and monitor balances with mobile banking and online banking. To open a Teen Savings Account, stop by one of our branch locations or schedule an appointment.
Get Started
Affordable Savings Account

Arizona Financial requires $0 to open our Teen Savings Account. With no monthly service fee, this account is affordable and a great way to start your teen on the path to saving.

Easy To Open

Applicants will need to show a current ID (school ID, driver's license, state ID, etc.) and Social Security or tax ID number. If you wish to add a joint owner, they must be 18 or older.

Free Coin Counting Machines

Turn extra coins into additional savings with free Coinstar transactions at most branch locations.

Free Identity Protection

Protecting your identity is important no matter your age. ID ProtectTM is included with your membership.

Teen Savings Account Rates (ages 13-17)

Our Teen Savings Account teaches your teen the importance of money management and how interest impacts investments.
Account Name
Minimum to
Earn APY*
Dividend
Rate
APY*
Account Name
Teen Savings
Minimum to
Earn APY*
$25
Dividend
Rate
0.20%
APY*
0.20%
Effective May 1, 2024

*APY – Annual Percentage Yield. Rates are variable and may change after account is opened. Fees may reduce earnings. No minimum opening deposit is required.

*APY – Annual Percentage Yield. Rates are variable and may change after account is opened. Fees may reduce earnings. No minimum opening deposit is required.

Open Your Teen Savings Account:

Kids & Teen Resources

Blog Post

Parents' Guide to Kids & Money

As parents, we strive to teach our kids things like good manners, social skills, how to cook – life skills that will help them grow into independent, young adults. Money management should be part of that as well.

Read More
Blog Post

5 Money Mistakes You May Be Teaching Your Kids (And How to Stop)

Let’s be real. As parents, we may be able to rattle off wise words about money, but we don’t always live by them. What are the financial lessons you're teaching your children?

Read More
Blog Post

5 Steps That Make Financial Adulting Easier

Turning 18 opens the doors to a lot of responsibility! While there’s no secret to successful adulting, taking five financial steps as you enter young adulthood is a smart way to build a solid foundation for your future.

Read More

Frequently Asked Questions

Can I open a Youth or Teen Savings Account online?

To open a Youth or Teen Savings Account, stop by one of our branch locations. These accounts cannot be opened online.

  • A parent/guardian/adult relative must be present at the account opening and will be added as a joint owner on the account.
  • You must bring a Social Security or tax ID number for both the child and joint owner.
  • You'll also need your school ID or government-issued ID.
What is the best age to start teaching my kids about money?

Experts recommend introducing basic financial topics to kids as early as preschool. Our FREE Money Talks Guide can help you get the conversation started, not matter your child's age. 

Download this free guide today! 

Can I open a Share Certificate online?

If you’re an existing Arizona Financial member, you can add a Savings Account, Money Market or Share Certificate through online banking:

  • Log in to your online account from a desktop or laptop (this form is not currently available in the mobile app)
  • Click on “Additional Services” from the blue bar at the top of the page
  • Select “Secure Forms” from the options provided
  • Select “Open Additional Accounts”
  • Fill out the form with your request and we’ll take it from there.
  • The new account will be opened within 2 business days

For a more personalized touch, stop by one of our branch locations or schedule an appointment to open an account with one of our representatives.

How old does my child need to be to open a checking account?

Once your child reaches 13 years old, they are eligible to open a Teen Checking Account at Arizona Financial. 

A Teen Checking Account is a great option for building upon the money lessons your child has already learned. It can be used as a tool to help them grow their financial independence with additional features like online and mobile banking and debit card access.