[NY only] Apple Bank Youth (6-17) Savings Account: 3% APY On Balances Up To $10,000

Offer at a glance

• Interest Rate: 3% APY
• Minimum Balance: $5
• Maximum Balance: $10,000
• Availability: NY and must be aged 6 – 17
• Direct deposit required: No
• Additional requirements: None
• Hard/soft pull: Soft pull
• ChexSystems: Unknown
• Credit card funding: No
• Monthly fees: None
• Insured: FDIC

The Offer

Direct link to offer

• Apple Bank offers 3% APY on balances from $5 to $10,000 on the Youth Savings Account.

The Fine Print

• The Youth Savings Account is available to children and teenagers ages 6 through 17.
• Accountholders must be able to write their name and provide one form of identification, such as a birth certificate or school photo ID.
• There is a $1.00 minimum deposit to open this account.
• You must maintain a minimum daily balance of $5.00 in the Youth Savings Account to earn interest.
• There is no interest paid on balances under $5.00.
• A limit of one Youth Savings Account applies per child.
• Offer may be withdrawn at any time without prior notice.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

This account has no monthly fees to worry about.

Our Verdict

Great account as there are no requirements to earn this 3% APY rate. One of the best high yield savings accounts, but obviously very limited due to age and geography. Apple Bank also offers a $100 checking bonus.