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Saver

Student Saver

Student Savings Account for Youth <22 in Pennsylvania, New York, & New Jersey

Start your child on the path to financial success with a Student Saver account from Peoples Security Bank. Whether they're saving birthday money, their first paycheck, or building a college fund, this interest-bearing account helps young people develop smart money habits that last a lifetime.

Available to students under 22, the Student Saver account makes it easy to save, learn, and grow—with competitive interest rates, online banking tools, and the support of a trusted community bank with 39 convenient locations across Pennsylvania, New York, and New Jersey. Download our PSBT mobile app today to start banking right from your smart phone.

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or find a branch in PA, NY, or NJ

Why Choose a Student Saver Account?

When you open a student savings account at Peoples Security Bank, you're giving a young person more than just a place to keep their money—you're providing them with the foundation for a lifetime of financial confidence across Pennsylvania, New York, and New Jersey.

Start Small, Dream Big

With just a $25 minimum deposit, students can open an account and begin building their financial future. Every deposit—from birthday money to paychecks—helps develop lifelong saving habits.

Watch Your Money Grow

Interest is compounded and credited quarterly, so students can see their savings increase over time and learn how earning interest builds wealth for tomorrow.

Bank Anytime, Anywhere

Free online and mobile banking lets students check balances, review transactions, and track savings goals 24/7—teaching responsible money management on the go.

Keep It Simple

Unlimited deposits and withdrawals provide flexibility when students need their money. Maintain just a $25 average daily balance to avoid the monthly fee.

Learn Financial Responsibility

Managing their own account (with parental guidance when needed) helps young people develop budgeting skills, goal-setting abilities, and confidence with money.

Grows From Kids to College

Designed for students under 22, this account works whether they're saving allowance in elementary school, earning from part-time jobs in high school, or managing expenses independently in college.

Everything Your Student Needs

When you open a Student Saver account at Peoples Security Bank, young savers get access to all the tools they need to succeed:

Free MasterCard® Debit Card with enhanced benefits

55,000+ Surcharge-Free ATMs nationwide through the Allpoint® network

Free Online & Mobile Banking for 24/7 account access

Free Electronic Statements (or $2 for paper statements)

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or find a branch in PA, NY, or NJ

Student Saver Account Details

Age Eligibility:
Students less than 22 years of age

Minimum Opening Deposit:
$25

Monthly Service Charge:
$5 if average daily balance* falls below $25

Interest:
Compounded and credited quarterly**; variable rates that may change at the bank's discretion

Transactions:
Unlimited deposits and withdrawals

Balance to Earn Interest:
No minimum required—start earning from day one

Perfect for Every Stage of Their Financial Journey

For Kids (Ages 6-12)

Learning the Basics

Save birthday and holiday money
Learn how earning interest works
Learn how banks work with parental guidance
Develop a savings habit early

For Teens (Ages 13-17)

Building Independence

Deposit paychecks from first jobs
Save for car expenses, prom, or college
Manage money through mobile banking
Make financial decisions with adult support

For Young Adults (Ages 18-21)

Preparing for the Future

Manage college expenses independently
Build emergency savings
Transition to full financial responsibility
Prepare for post-graduation life
Manage money through mobile banking

Ready to Help Your Student Start Saving?

Opening a Student Saver account is easy. Just visit any of our branches across Pennsylvania, New York, or New Jersey with your student, and our team will help you get started in minutes.

Complete this quick form, CHAT with us, call us at 1.844.PSBT.NOW, or stop by any of our community offices across Pennsylvania, New York or New Jersey to speak with a banker today.

GET IN TOUCH FEATURES

or find a branch in PA, NY, or NJ

DISCLOSURES*

*Average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.
** Daily balance method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit non-cash items (for example, checks). Please contact us for current rates and annual percentage yields (APYs).

To view current rates, click here.