The Importance of Saving.
It's never too early to establish healthy financial habits. A youth savings account is a smart way to help teach your child money management, budgeting, and more.
Increasing financial education with experience can lead to increased opportunity for long-term financial success.
Get Paid For Good Grades.
Youth savings account owners are eligible for a bonus when they present their year-end report card at an Osgood Bank branch in June or July immediately following the end of the school year.
We will review final grades and deposit $2 for each "A" and $1 for each "B" directly into the child's account. Each child is eligible to receive up to $50 in bonus earnings per school year.
Today's Rates
*APY = Annual Percentage Yields are current as of the posted date. Fees, service charges, and withdrawals may reduce earnings. Contact an employee for further information regarding applicable fees and terms. A complete account disclosure is available for all accounts. The Annual Percentage Yield assumes interest will remain on deposit. Interest rate and APY on variable rate accounts may change after the account is opened as rates are subject to change at any time.
Minimum to open $10
Banzai! Free Financial Education
The Banzai Courses use real-life scenarios to demonstrate the power of good financial planning.
For kids, teens, and young adults, these courses teach basic and advanced financial concepts.
Banzai Jr
When life hands you lemons, become an entrepreneur! Designed for ages 8-12, kids will tackle financial dilemmas to create a successful lemonade stand and save for a big purchase.
Banzai Teen
In Teen, users play to save enough money for college registration while navigating daily decisions like getting a job, going out to eat, and renting an apartment.
Banzai Plus
Designed for users 16+, Plus users attempt to save enough money to buy a home. Navigating things like identity fraud and auto insurance along the way could make a win a little trickier.
Making An Impact
Osgood Bank is bringing Banzai, a premium online financial literacy program, to educators and students in your area for free.
Want Banzai For Your Classroom?
See how Osgood Bank & Banzai can help your school meet the Ohio financial literacy curriculum standards.
Frequently Asked Questions
When the child turns 18, their youth savings account will automatically convert to a regular savings account. The child will remain the primary account holder and, at that point, the child or parent can submit a request to remove the parent from the account.
If your child's youth savings account earns enough interest, the income will be reported under the child's Social Security number. The chance of this happening for a savings account is small, but we will send you a tax form if it applies to you.
Anyone can make deposits into this account as long as they have the account number (and routing number if they are transferring money into the account electronically).
Yes. You can open accounts for grandchildren, nieces, nephews, or any loved one as long as you have the appropriate identifying information for the child.