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FNBA Teen Advantage Savings is completely free, earns interest on every dollar, and comes with a free Mastercard® debit card (ATM only). A real bank account for real financial habits, built for teens ages 12 to 16.
The sooner a young person learns to save, the more time they have to develop smart financial habits. Teen Advantage Savings gives South Jersey families a simple, no-cost account that accrues interest from the first dollar deposited, with a parent or guardian alongside every step of the way.
No monthly service fee. Interest on every dollar.
Feature | Detail |
Eligibility | Ages 12 to 16 |
Monthly Service Fee | None. Accounts closed within first six months $5.00 fee |
Minimum Balance | $1 |
Interest | Quarterly interest credited/compounded on your balance |
Free Mastercard Debit Card | Contactless and accepted everywhere |
Free Mobile Banking | Check balances, view transactions, transfer funds |
Online Banking | Free, available 24 hours a day |
24-Hour Telephone Banking | Free access to the account anytime |
e-Statements | Free, faster, and available on demand |
Paper Statements | Available at no charge |
Parent Co-Signer | A parent or guardian must co-sign to open the account |
FDIC Insured | Insured up to $250,000 per deposit account, funds greater than $250,000 are eligible based on ownership category. |
Eligibility: Ages 12 to 16. A parent or guardian must co-sign to open the account. APY = Annual Percentage Yield. Rates subject to change without notice. Member FDIC. Equal Housing Lender.
Teen Advantage Savings is a joint account. A parent or guardian must co-sign to open the account and remains a joint account holder. You can monitor balances, review transactions, and stay involved in your child’s saving habits as much or as little as you choose. Stop by any of our four South Jersey branches and we will open the account together.
Teen Advantage Savings is designed for customers ages 12 to 16. When your teen turns 17, they are eligible to open a Student Advantage Banking checking account, FNBA’s free, full-featured checking account built for customers aged 17 to 25.
When your teen turns 17, Student Advantage Banking is the natural next step. Free checking, a free Mastercard debit card, up to 5 free ATM transactions per month, and all the digital tools they already use. Available for customers aged 17 to 25.
Visit the FNBA Student Banking Hub for a full view of accounts, tools, and resources built for South Jersey students at every stage.
Yes. A parent or guardian must co-sign to open the account and will remain a joint account holder for the life of the Teen Advantage Savings account. This keeps you informed and involved in your child’s banking.
Teen Advantage Savings is available for customers aged 12 to 16. A parent or guardian must be present at account opening and must co-sign. Visit any of our four South Jersey branches to get started.
Teen Advantage Savings is designed for ages 12 to 16. When your teen turns 17 the account converts to a regular statement savings account. At 17, they become eligible to open a Student Advantage Banking checking account as well. Your FNBA banker will help make that transition at the right time. No accounts are closed without your knowledge or consent.
No. Teen Advantage Savings has no monthly service fee with a minimum balance requirement of $1 to open.
Visit any FNBA branch in South Jersey with your child and a banker will open your Teen Advantage Savings account together. It’s a quick, easy first step toward a lifetime of good financial habits.
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