Teach your children that saving is as important as spending
At First American Bank, we make it easy to put young people on a smart financial path. Our Minor Savings Account is a perfect place for children to put their allowance or cash gifts from relatives, and for teens to deposit paychecks from their part-time jobs. Even better, it offers a great opportunity for parents to teach financial lessons that will last a lifetime.
- Account designed for children under age 19
- No monthly fees
- Interest is compounded daily, credited monthly
- Free Online and Mobile Banking
- Build up your child's savings by scheduling automatic transfers from your checking account
- Free piggy bank when account is opened
- Open account by visiting a First American Bank branch
First American Bank is a full-service bank with locations in Illinois, Wisconsin and Florida.
Account Overview
Minimum Balance to Waive Monthly Fee
$0
Earns Interest
Yes
Why choose this option?
Teach children good financial sense
Disclosures
The monthly fee is waived on this account until minor reaches the age of 19.
Please view disclosure or speak to a banker for complete details.
Get Started
The routing number for First American Bank is 071922777.
The routing number for Health and Benefits Accounts (HSA, FSA, HRA, QTA) is 067015928.
The routing number for Health and Benefits Accounts (HSA, FSA, HRA, QTA) is 067015928.
Visit our branch locations page to find location near you and to see the hours of operation.
Opening your new account is easy. You can open your account online or visit any of our branch locations.
Your account number can be found on your monthly account statement.
Please visit any of our branches closest to you to change the name on your account.
